VIQ Solutions (TSX:VQS) Change In Receivables : C$0.95 Mil (TTM As of Sep. 2023)

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What is VIQ Solutions Change In Receivables?

VIQ Solutions's change in receivables for the quarter that ended in Sep. 2023 was C$0.07 Mil. It means VIQ Solutions's Accounts Receivable declined by C$0.07 Mil from Jun. 2023 to Sep. 2023 .

VIQ Solutions's change in receivables for the fiscal year that ended in Dec. 2022 was C$0.10 Mil. It means VIQ Solutions's Accounts Receivable declined by C$0.10 Mil from Dec. 2021 to Dec. 2022 .

VIQ Solutions's Accounts Receivable for the quarter that ended in Sep. 2023 was C$6.14 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. VIQ Solutions's Days Sales Outstanding for the three months ended in Sep. 2023 was 40.98.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. VIQ Solutions's liquidation value for the three months ended in Sep. 2023 was C$-23.25 Mil.

VIQ Solutions Change In Receivables Historical Data

The historical data trend for VIQ Solutions'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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VIQ Solutions Change In Receivables Chart

VIQ Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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1.20

-0.31

-0.41

1.51

0.10

VIQ Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-0.53	0.71	-0.99	1.16	0.07

VIQ Solutions 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.95 Mil.

VIQ Solutions (TSX:VQS) 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.

VIQ Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.139	/	13.67	*	91
=	40.98

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

VIQ Solutions's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.345	-	30.227	+	0.75 * 6.139	+	0.5 * 0.046
=	-23.25

VIQ Solutions Change In Receivables Related Terms

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VIQ Solutions (TSX:VQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VIQ Solutions Inc (TSX:VQS) » Definitions » Change In Receivables

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Traded in Other Exchanges

VQSSF:USA

Address

5915 Airport Road, Suite 700, Mississauga, ON, CAN, L4V 1T1

Website

https://www.viqsolutions.com

VIQ Solutions Inc operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United Kingdom, Canada, the United States, and internationally. The reportable segments of the company are technology and related revenue which develops, distributes, and licenses computer-based digital solutions, and the technology services which provide recording and transcription services.

Executives

Yixin (shing) Pan

Director

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