TrustBIX (TSXV:TBIX) Change In Receivables : C$0.02 Mil (TTM As of Mar. 2024)

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What is TrustBIX Change In Receivables?

TrustBIX's change in receivables for the quarter that ended in Mar. 2024 was C$-0.09 Mil. It means TrustBIX's Accounts Receivable increased by C$0.09 Mil from Dec. 2023 to Mar. 2024 .

TrustBIX's change in receivables for the fiscal year that ended in Sep. 2023 was C$-0.04 Mil. It means TrustBIX's Accounts Receivable increased by C$0.04 Mil from Sep. 2022 to Sep. 2023 .

TrustBIX's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.11 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. TrustBIX's Days Sales Outstanding for the three months ended in Mar. 2024 was 30.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TrustBIX's liquidation value for the three months ended in Mar. 2024 was C$-2.77 Mil.

TrustBIX Change In Receivables Historical Data

The historical data trend for TrustBIX'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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TrustBIX Change In Receivables Chart

TrustBIX Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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-0.05

-0.09

0.18

-0.04

TrustBIX 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															-0.10	0.09	-0.06	0.08	-0.09

TrustBIX 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$0.02 Mil.

TrustBIX (TSXV:TBIX) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.113	/	0.343	*	91
=	30.06

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

TrustBIX'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)
=	0.165	-	3.065	+	0.75 * 0.113	+	0.5 * 0.085
=	-2.77

TrustBIX Change In Receivables Related Terms

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TrustBIX (TSXV:TBIX) Business Description

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TBIXF:USA

Address

10607 - 82 Street NW, Suite 200, 2nd Floor, Edmonton, AB, CAN, T6A 3N2

Website

https://www.trustbix.com

TrustBIX Inc goal is to create a world where we trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company delivers independent validation of food provenance and sustainable production practices within the supply chain - Gate to Plate. It provides a suite of hardware and software solutions to the livestock industry in North America and China. The company's Insight technology offers an edge-to-enterprise supply chain solution that brings asset situational awareness to dealers, equipment fleets, and civil construction managers.

Executives

Hubert Lau

Director, Senior Officer

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