QRS Music Technologies (QRS Music Technologies) Change In Receivables : $0.69 Mil (TTM As of Mar. 2007)

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What is QRS Music Technologies Change In Receivables?

QRS Music Technologies's change in receivables for the quarter that ended in Mar. 2007 was $0.39 Mil. It means QRS Music Technologies's Accounts Receivable declined by $0.39 Mil from Dec. 2006 to Mar. 2007 .

QRS Music Technologies's change in receivables for the fiscal year that ended in Jun. 2006 was $-0.70 Mil. It means QRS Music Technologies's Accounts Receivable increased by $0.70 Mil from Jun. 2005 to Jun. 2006 .

QRS Music Technologies's Accounts Receivable for the quarter that ended in Mar. 2007 was $0.71 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. QRS Music Technologies's Days Sales Outstanding for the three months ended in Mar. 2007 was 19.84.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. QRS Music Technologies's liquidation value for the three months ended in Mar. 2007 was $2.05 Mil.

QRS Music Technologies Change In Receivables Historical Data

The historical data trend for QRS Music 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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QRS Music Technologies Change In Receivables Chart

QRS Music Technologies Annual Data

Trend

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Change In Receivables

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0.32

-0.37

0.15

-0.27

-0.70

QRS Music Technologies Quarterly Data
	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07
Change In Receivables	Get a 7-Day Free Trial															-0.33	-0.08	0.44	-0.06	0.39

QRS Music 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. 2007 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.69 Mil.

QRS Music Technologies (OTCPK:QRSM) 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.

QRS Music Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2007 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.712	/	3.274	*	91
=	19.84

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

QRS Music Technologies's liquidation value for the quarter that ended in Mar. 2007 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.375	-	2.671	+	0.75 * 0.712	+	0.5 * 7.626
=	2.05

QRS Music Technologies Change In Receivables Related Terms

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QRS Music Technologies (QRS Music Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » QRS Music Technologies Inc (OTCPK:QRSM) » Definitions » Change In Receivables

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Address

269 Quaker Drive, Seneca, PA, USA, 16346

Website

https://www.qrsmusic.com

QRS Music Technologies Inc manufactures and distributes pianos, pianomation units and compact discs and music rolls for use in player pianos. The firm has a presence in Buffalo, New York and Seneca, Pennsylvania within the United States and internationally in Belmain NSW, Australia. It also operates a sales and procurement office in Hong Kong, China.

QRS Music Technologies (QRS Music Technologies) Headlines

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