Wrap Technologies (Wrap Technologies) Change In Receivables : $-1.97 Mil (TTM As of Sep. 2023)

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What is Wrap Technologies Change In Receivables?

Wrap Technologies's change in receivables for the quarter that ended in Sep. 2023 was $-2.24 Mil. It means Wrap Technologies's Accounts Receivable increased by $2.24 Mil from Jun. 2023 to Sep. 2023 .

Wrap Technologies's change in receivables for the fiscal year that ended in Dec. 2022 was $0.96 Mil. It means Wrap Technologies's Accounts Receivable declined by $0.96 Mil from Dec. 2021 to Dec. 2022 .

Wrap Technologies's Accounts Receivable for the quarter that ended in Sep. 2023 was $4.32 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. Wrap Technologies's Days Sales Outstanding for the three months ended in Sep. 2023 was 108.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Wrap Technologies's liquidation value for the three months ended in Sep. 2023 was $9.99 Mil.

Wrap Technologies Change In Receivables Historical Data

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

Wrap Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-0.19

-1.69

-2.11

0.96

Wrap Technologies 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															-0.87	-0.62	1.69	-0.80	-2.24

Wrap 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.97 Mil.

Wrap Technologies (NAS:WRAP) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.321	/	3.631	*	91
=	108.59

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

Wrap Technologies'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)
=	14.934	-	11.096	+	0.75 * 4.321	+	0.5 * 5.816
=	9.99

Wrap Technologies Change In Receivables Related Terms

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Wrap Technologies (Wrap Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wrap Technologies Inc (NAS:WRAP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

1817 West 4th Street, Tempe, AZ, USA, 85281

Website

https://www.wrap.com

Wrap Technologies Inc offers public safety technologies and services. The firm develops policing solutions to law enforcement and security personnel. Its BolaWRAP 150 Remote Restraint device is a patented, hand-held tool that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. The group operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Executives

Timothy Szymanski	director	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Rajiv Srinivasan	director	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Kevin W Mullins	officer: PRESIDENT	C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281
Christopher James Dealmeida	officer: Chief Financial Officer	1817 W 4TH STREET, TEMPE AZ 85281
Elwood G Norris	10 percent owner	13771 DANIELSON STREET, STE. L, POWAY CA 92064
Bruce Bernstein	director	780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017
Marc Savas	director	8033 SUNSET BLVD., BOX 873, LOS ANGELES CA 90046
Tj Kennedy	director	400 S 4TH ST, STE. 401-412, MINNEAPOLIS MN 55415
Scot Cohen	director, officer: Executive Chairman, Secretary	20 EAST 20TH ST., APT. 6, NEW YORK NY 10003
Kevin Charles Sherman	director	1730 BLAKE ST STE 305, DENVER CO 80202
Glenn M Hickman	officer: CHIEF OPERATING OFFICER	C/O WRAP TECHNOLOGIES, 1817 W 4TH STREET, TEMPE AZ 85281
Varner Leo William Jr.	officer: INTERIM CEO	400 GALLERIA PKWY SE, SUITE 1760, ATLANTA GA 30339
James A Barnes	director, officer: President and CFO	13771 DANIELSON STREET, STE. L, POWAY CA 92064
Thomas P Smith	officer: PRESIDENT	7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627
David G Norris	director, officer: President	C/O TREE.COM, INC., 11115 RUSHMORE DRIVE, CHARLOTTE NC 28277