Kelso Technologies (TSX:KLS) Change In Receivables : C$0.11 Mil (TTM As of Mar. 2024)

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What is Kelso Technologies Change In Receivables?

Kelso Technologies's change in receivables for the quarter that ended in Mar. 2024 was C$0.17 Mil. It means Kelso Technologies's Accounts Receivable declined by C$0.17 Mil from Dec. 2023 to Mar. 2024 .

Kelso Technologies's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.43 Mil. It means Kelso Technologies's Accounts Receivable declined by C$0.43 Mil from Dec. 2022 to Dec. 2023 .

Kelso Technologies's Accounts Receivable for the quarter that ended in Mar. 2024 was C$1.27 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. Kelso Technologies's Days Sales Outstanding for the three months ended in Mar. 2024 was 32.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kelso Technologies's liquidation value for the three months ended in Mar. 2024 was C$2.03 Mil.

Kelso Technologies Change In Receivables Historical Data

The historical data trend for Kelso 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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Kelso Technologies Change In Receivables Chart

Kelso Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.76

1.65

-0.35

-0.78

0.43

Kelso Technologies 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															0.50	0.09	-0.16	0.01	0.17

Kelso 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.11 Mil.

Kelso Technologies (TSX:KLS) 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.

Kelso Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.272	/	3.591	*	91
=	32.32

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

Kelso Technologies'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)
=	1.443	-	2.959	+	0.75 * 1.272	+	0.5 * 5.176
=	2.03

Kelso Technologies Change In Receivables Related Terms

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Kelso Technologies (TSX:KLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (TSX:KLS) » Definitions » Change In Receivables

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Traded in Other Exchanges

KIQ:USA LB4A:Germany

Address

13966, 18B Avenue, Surrey, BC, CAN, V4A 8J1

Website

https://www.kelsotech.com

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.

Executives

James Richard Bond

Director, Senior Officer

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