Westport Fuel Systems (Westport Fuel Systems) Change In Receivables

: $5.3 Mil (TTM As of Dec. 2023)

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Westport Fuel Systems's change in receivables for the quarter that ended in Dec. 2023 was $3.0 Mil. It means Westport Fuel Systems's Accounts Receivable declined by $3.0 Mil from Sep. 2023 to Dec. 2023 .

Westport Fuel Systems's change in receivables for the fiscal year that ended in Dec. 2023 was $5.3 Mil. It means Westport Fuel Systems's Accounts Receivable declined by $5.3 Mil from Dec. 2022 to Dec. 2023 .

Westport Fuel Systems's Accounts Receivable for the quarter that ended in Dec. 2023 was $83.2 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. Westport Fuel Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 87.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Westport Fuel Systems's liquidation value for the three months ended in Dec. 2023 was $-44.4 Mil.

Westport Fuel Systems Change In Receivables Historical Data

The historical data trend for Westport Fuel Systems'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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Westport Fuel Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-11.14

-22.72

-11.12

-1.53

5.34

Westport Fuel Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables																-7.34	-1.04	0.47	2.88	3.04

Westport Fuel Systems 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.3 Mil.

Westport Fuel Systems (NAS:WPRT) 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.

Westport Fuel Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	83.175	/	87.146	*	91
=	87.09

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

Westport Fuel Systems's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	54.75	-	195.3	+	0.75 * 83.175	+	0.5 * 67.53
=	-44.4

Westport Fuel Systems Change In Receivables Related Terms

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Westport Fuel Systems (Westport Fuel Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Westport Fuel Systems Inc (NAS:WPRT) » Definitions » Change In Receivables

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Traded in Other Exchanges

WPRT:Canada

Address

1750 West 75th Avenue, Suite 101, Vancouver, BC, CAN, V6P 6G2

Website

https://www.wfsinc.com

Westport Fuel Systems Inc is an organization engaged in the engineering, manufacturing, and supply of alternative fuel systems and components for transportation applications. It has three operating segments; the Original Equipment Manufacturers segment-design, manufacture, and sell alternative fuel systems, components and electronics, and related engineering services, to OEMs that serve light-duty, medium-duty, and heavy-duty customers, the Independent Aftermarket segment includes IAM products, conversion kits, and components allow for the conversion of vehicles after being sold to the end-user through a network of dealers and installers, and Corporate includes public company activities, corporate oversight, financing, and capital allocation.

Executives

Eileen Wheatman	director	125 EAST SIR FRANCIS DRAKE BLVD., STE 400, LARKSPUR CA 94939
Kevin Douglas	10 percent owner, other: 13(d)(3) group	300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Douglas Family Trust	10 percent owner, other: 13(d)(3) group	300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
James & Jean Douglas Irrevocable Descendants Trust	10 percent owner, other: 13(d)(3) group	300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Douglas James E Iii	10 percent owner, other: 13(d)(3) group	300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Peter Yu	director	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Kgd 2010 Annuity Trust V	10 percent owner, other: 13(d)(3) group	125 E. SIR FRANCIS DRAKE BLVD, STE 400, LARKSPUR CA 93939
Mmd 2010 Annuity Trust V	10 percent owner, other: 13(d)(3) group	125 E. SIR FRANCIS DRAKE BLVD, STE 400, LARKSPUR CA 93939