Ascent Industries Co (FRA:SY4) Change In Receivables : €5.5 Mil (TTM As of Mar. 2024)

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What is Ascent Industries Co Change In Receivables?

Ascent Industries Co's change in receivables for the quarter that ended in Mar. 2024 was €-1.7 Mil. It means Ascent Industries Co's Accounts Receivable increased by €1.7 Mil from Dec. 2023 to Mar. 2024 .

Ascent Industries Co's change in receivables for the fiscal year that ended in Dec. 2023 was €6.2 Mil. It means Ascent Industries Co's Accounts Receivable declined by €6.2 Mil from Dec. 2022 to Dec. 2023 .

Ascent Industries Co's Accounts Receivable for the quarter that ended in Mar. 2024 was €25.9 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. Ascent Industries Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 58.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ascent Industries Co's liquidation value for the three months ended in Mar. 2024 was €-10.1 Mil.

Ascent Industries Co Change In Receivables Historical Data

The historical data trend for Ascent Industries Co'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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Ascent Industries Co Change In Receivables Chart

Ascent Industries Co Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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8.73

4.56

-14.32

-0.25

6.22

Ascent Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-1.00	2.87	1.66	2.72	-1.73

Ascent Industries Co 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €5.5 Mil.

Ascent Industries Co (FRA:SY4) 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.

Ascent Industries Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	25.907	/	40.581	*	91
=	58.25

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

Ascent Industries Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.195	-	54.286	+	0.75 * 25.907	+	0.5 * 47.101
=	-10.1

Ascent Industries Co Change In Receivables Related Terms

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Ascent Industries Co (FRA:SY4) Business Description

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ACNT:USA

Address

1400 16th Street, Suite 270, Oak Brook, IL, USA, 60523

Website

https://www.ascentco.com

Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.

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