American Virtual Cloud Technologies (American Virtual Cloud Technologies) Change In Receivables

: $3.93 Mil (TTM As of Mar. 2023)

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American Virtual Cloud Technologies's change in receivables for the quarter that ended in Mar. 2023 was $2.53 Mil. It means American Virtual Cloud Technologies's Accounts Receivable declined by $2.53 Mil from Dec. 2022 to Mar. 2023 .

American Virtual Cloud Technologies's change in receivables for the fiscal year that ended in Dec. 2022 was $1.09 Mil. It means American Virtual Cloud Technologies's Accounts Receivable declined by $1.09 Mil from Dec. 2021 to Dec. 2022 .

American Virtual Cloud Technologies's Accounts Receivable for the quarter that ended in Mar. 2023 was $5.26 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. American Virtual Cloud Technologies's Days Sales Outstanding for the three months ended in Mar. 2023 was 118.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. American Virtual Cloud Technologies's liquidation value for the three months ended in Mar. 2023 was $4.44 Mil.

American Virtual Cloud Technologies Change In Receivables Historical Data

The historical data trend for American Virtual Cloud 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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American Virtual Cloud Technologies Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Change In Receivables

-5.33

1.09

American Virtual Cloud Technologies Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Receivables																-0.32	0.66	1.24	-0.50	2.53

American Virtual Cloud 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.93 Mil.

American Virtual Cloud Technologies (OTCPK:AVCTQ) 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.

American Virtual Cloud Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.264	/	4.063	*	91
=	118.22

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

American Virtual Cloud Technologies's liquidation value for the quarter that ended in Mar. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	13.326	-	12.833	+	0.75 * 5.264	+	0.5 * 0
=	4.44

American Virtual Cloud Technologies Change In Receivables Related Terms

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American Virtual Cloud Technologies (American Virtual Cloud Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » American Virtual Cloud Technologies Inc (OTCPK:AVCTQ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1720 Peachtree Street, Suite 629, Atlanta, GA, USA, 30309

Website

https://www.avctechnologies.com

American Virtual Cloud Technologies Inc is engaged in the business of providing IT solutions. The company, along with its subsidiaries, offers various services like private & hybrid data centers, enterprise networking solutions, unified cloud communications, managed services, cybersecurity, and enhanced connectivity. It caters its services to different sectors such as Energy, Finance, Healthcare, Manufacturing & logistics, Public sector, Retail and hospitality, Technology service providers, and Others. It has two segments Computex and Kandy. Geographically, it generates the majority of its revenue from the domestic market.

Executives

Charles E. Sweet	director	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Ribbon Communications Inc.	10 percent owner	6500 CHASE OAKS BOULEVARD, PLANO TX 75023
Adrian Foltz	officer: Chief Financial Officer	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Onex Evans	officer: Chief Accounting Officer	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Michael Tessler	director	C/O BROADSOFT, INC., 220 PERRY PARKWAY, GAITHERSBURG MD 20877
Mock Lawrence E, Jr.	director	ONE BUCKHEAD PLAZA, 3060 PEACHTREE RD, SUITE 780, ATLANTA GA 30305
Dennis P Lockhart	director	100 GOLF ROAD, GOLF IL 60029
Pensare Sponsor Group, Llc	10 percent owner	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Fund I, L.p.	10 percent owner	2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305
Navigation Capital Partners, Inc.	10 percent owner	2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Navigation Capital Partners Ii, L.p.	10 percent owner	2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Stratos Management Systems Holdings Llc	10 percent owner	2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Kevin Keough	officer: President	1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Robert E. Willis	director	C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Partners, Llc	10 percent owner	2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305