Orbit Technologies (XTAE:ORBI) Change In Receivables : ₪-11.7 Mil (TTM As of Jun. 2023)

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What is Orbit Technologies Change In Receivables?

Orbit Technologies's change in receivables for the quarter that ended in Jun. 2023 was ₪-7.4 Mil. It means Orbit Technologies's Accounts Receivable increased by ₪7.4 Mil from Mar. 2023 to Jun. 2023 .

Orbit Technologies's change in receivables for the fiscal year that ended in Dec. 2022 was ₪-35.5 Mil. It means Orbit Technologies's Accounts Receivable increased by ₪35.5 Mil from Dec. 2021 to Dec. 2022 .

Orbit Technologies's Accounts Receivable for the quarter that ended in Jun. 2023 was ₪50.5 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Orbit Technologies's Days Sales Outstanding for the three months ended in Jun. 2023 was 79.26.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Orbit Technologies's liquidation value for the three months ended in Jun. 2023 was ₪45.0 Mil.

Orbit Technologies Change In Receivables Historical Data

The historical data trend for Orbit Technologies's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Orbit Technologies Change In Receivables Chart

Orbit Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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2.90

-3.07

-3.55

-5.87

-35.54

Orbit Technologies Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Change In Receivables	Get a 7-Day Free Trial						8.40	-14.34	-	-4.27	-7.45

Orbit Technologies Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-11.7 Mil.

Orbit Technologies (XTAE:ORBI) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Orbit Technologies's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	50.455	/	58.086	*	91
=	79.26

2. In Ben Graham's calculation of liquidation value, Orbit Technologies's accounts receivable are only considered to be worth 75% of book value:

Orbit Technologies's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	117.851	-	131.32	+	0.75 * 50.455	+	0.5 * 41.317
=	45.0

Orbit Technologies Change In Receivables Related Terms

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Orbit Technologies (XTAE:ORBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Change In Receivables

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Address

8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608

Website

http://www.orbit-cs.com

Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

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