X2M Connect (ASX:X2M) Change In Receivables : A$0.00 Mil (TTM As of Dec. 2023)

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What is X2M Connect Change In Receivables?

X2M Connect's change in receivables for the quarter that ended in Dec. 2023 was A$0.00 Mil. It means X2M Connect's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

X2M Connect's change in receivables for the fiscal year that ended in Jun. 2023 was A$0.00 Mil. It means X2M Connect's Accounts Receivable stayed the same from Jun. 2022 to Jun. 2023 .

X2M Connect's Accounts Receivable for the quarter that ended in Dec. 2023 was A$5.08 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. X2M Connect's Days Sales Outstanding for the six months ended in Dec. 2023 was 123.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. X2M Connect's liquidation value for the six months ended in Dec. 2023 was A$-8.35 Mil.

X2M Connect Change In Receivables Historical Data

The historical data trend for X2M Connect'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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X2M Connect Change In Receivables Chart

X2M Connect Annual Data

Trend

Jun22

Jun23

Change In Receivables

X2M Connect Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial			-	-	-	-	-

X2M Connect 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 semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

X2M Connect (ASX:X2M) 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.

X2M Connect's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.078	/	7.484	*	91
=	123.83

2. In Ben Graham's calculation of liquidation value, X2M Connect's accounts receivable are only considered to be worth 75% of book value:

X2M Connect'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)
=	2.917	-	15.216	+	0.75 * 5.078	+	0.5 * 0.281
=	-8.35

X2M Connect Change In Receivables Related Terms

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X2M Connect (ASX:X2M) Business Description

Industry

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Address

18-24 Ricketts Road, Suite 1.01b, Building B, Mount Waverley, VIC, AUS, 3149

Website

https://www.x2mconnect.com

X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors, and which enables data exchange and control of these devices. The company's geographical segment includes South Korea; China; Taiwan and other countries. It derives a majority of revenue from South Korea.

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