Progressive Planet Solutions (Progressive Planet Solutions) Change In Receivables : $-0.33 Mil (TTM As of Jan. 2024)

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What is Progressive Planet Solutions Change In Receivables?

Progressive Planet Solutions's change in receivables for the quarter that ended in Jan. 2024 was $-0.12 Mil. It means Progressive Planet Solutions's Accounts Receivable increased by $0.12 Mil from Oct. 2023 to Jan. 2024 .

Progressive Planet Solutions's change in receivables for the fiscal year that ended in Apr. 2023 was $0.29 Mil. It means Progressive Planet Solutions's Accounts Receivable declined by $0.29 Mil from Apr. 2022 to Apr. 2023 .

Progressive Planet Solutions's Accounts Receivable for the quarter that ended in Jan. 2024 was $1.37 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. Progressive Planet Solutions's Days Sales Outstanding for the three months ended in Jan. 2024 was 34.76.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Progressive Planet Solutions's liquidation value for the three months ended in Jan. 2024 was $-7.52 Mil.

Progressive Planet Solutions Change In Receivables Historical Data

The historical data trend for Progressive Planet 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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Progressive Planet Solutions Change In Receivables Chart

Progressive Planet Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Receivables

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-0.01

-0.02

0.15

0.29

Progressive Planet Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															0.48	-0.11	0.01	-0.12	-0.12

Progressive Planet 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.33 Mil.

Progressive Planet Solutions (OTCPK:ASHXF) 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.

Progressive Planet Solutions's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.366	/	3.586	*	91
=	34.76

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

Progressive Planet Solutions's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.256	-	9.85	+	0.75 * 1.366	+	0.5 * 2.096
=	-7.52

Progressive Planet Solutions Change In Receivables Related Terms

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Progressive Planet Solutions (Progressive Planet Solutions) Business Description

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ARB3:Germany PLAN:Canada

Address

724 East Sarcee Street, Kamloops, BC, CAN, V2H 1E7

Website

https://www.progressiveplanet.ca

Progressive Planet Solutions Inc is a leader in supplying solutions for a livable planet by developing low-carbon, pozzolan-based, cementing products that replace equivalent amounts of Portland Cement and fly ash in concrete. Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia, and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC, and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and U.S. markets.