AdvanceTC (AdvanceTC) Change In Receivables : $0.06 Mil (TTM As of Jun. 2022)

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What is AdvanceTC Change In Receivables?

AdvanceTC's change in receivables for the quarter that ended in Jun. 2022 was $0.00 Mil. It means AdvanceTC's Accounts Receivable stayed the same from Dec. 2021 to Jun. 2022 .

AdvanceTC's change in receivables for the fiscal year that ended in Dec. 2021 was $-0.06 Mil. It means AdvanceTC's Accounts Receivable increased by $0.06 Mil from Dec. 2020 to Dec. 2021 .

AdvanceTC's Accounts Receivable for the quarter that ended in Jun. 2022 was $0.00 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. AdvanceTC's liquidation value for the six months ended in Jun. 2022 was $-1.13 Mil.

AdvanceTC Change In Receivables Historical Data

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

AdvanceTC Annual Data

Trend

Dec20

Dec21

Change In Receivables

0.12

-0.06

AdvanceTC Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22
Change In Receivables	-0.23	0.36	-0.12	0.06	-

AdvanceTC 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 Jun. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.06 Mil.

AdvanceTC (OTCPK:ATCLF) 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.

AdvanceTC's Days Sales Outstanding for the quarter that ended in Jun. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

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

AdvanceTC's liquidation value for the quarter that ended in Jun. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.064	-	1.196	+	0.75 * 0	+	0.5 * 0
=	-1.13

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AdvanceTC (AdvanceTC) Business Description

Industry

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Traded in Other Exchanges

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Address

210 George Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.advancetc.com

AdvanceTC Ltd is engaged in the design, development and commercialisation of high tech mobile wireless computing and telecommunication devices. It is the creator of the MAGIC brand of mobile computing devices and operates development facilities in Malaysia including its proprietary software and applications services.