Eco Innovation Group (Eco Innovation Group) Change In Receivables : $-0.02 Mil (TTM As of Sep. 2022)

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What is Eco Innovation Group Change In Receivables?

Eco Innovation Group's change in receivables for the quarter that ended in Sep. 2022 was $0.22 Mil. It means Eco Innovation Group's Accounts Receivable declined by $0.22 Mil from Jun. 2022 to Sep. 2022 .

Eco Innovation Group's change in receivables for the fiscal year that ended in Dec. 2021 was $-0.00 Mil. It means Eco Innovation Group's Accounts Receivable increased by $0.00 Mil from Dec. 2020 to Dec. 2021 .

Eco Innovation Group's Accounts Receivable for the quarter that ended in Sep. 2022 was $0.05 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. Eco Innovation Group's Days Sales Outstanding for the three months ended in Sep. 2022 was 25.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Eco Innovation Group's liquidation value for the three months ended in Sep. 2022 was $-4.29 Mil.

Eco Innovation Group Change In Receivables Historical Data

The historical data trend for Eco Innovation Group'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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Eco Innovation Group Change In Receivables Chart

Eco Innovation Group Annual Data

Trend

Dec20

Dec21

Change In Receivables

Eco Innovation Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Receivables	Get a 7-Day Free Trial					-	-	-0.05	-0.19	0.22

Eco Innovation Group 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

Eco Innovation Group (OTCPK:ECOX) 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.

Eco Innovation Group's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.053	/	0.191	*	91
=	25.32

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

Eco Innovation Group's liquidation value for the quarter that ended in Sep. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.015	-	4.34	+	0.75 * 0.053	+	0.5 * 0
=	-4.29

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Eco Innovation Group (Eco Innovation Group) Business Description

Industry

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Address

16525 Sherman Way, Suite C-1, Van Nuys, CA, USA, 91406

Website

https://www.ecoig.com

Eco Innovation Group Inc is a socially responsible and sustainability-focused technology incubator devoted to the commercialization of select intellectual property that has the potential to achieve commercial success.