goeasy (goeasy) Change In Receivables : $-3.8 Mil (TTM As of Dec. 2023)

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What is goeasy Change In Receivables?

goeasy's change in receivables for the quarter that ended in Dec. 2023 was $-2.5 Mil. It means goeasy's Accounts Receivable increased by $2.5 Mil from Sep. 2023 to Dec. 2023 .

goeasy's change in receivables for the fiscal year that ended in Dec. 2023 was $-3.8 Mil. It means goeasy's Accounts Receivable increased by $3.8 Mil from Dec. 2022 to Dec. 2023 .

goeasy's Accounts Receivable for the quarter that ended in Dec. 2023 was $58.6 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. goeasy's Days Sales Outstanding for the three months ended in Dec. 2023 was 21.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. goeasy's liquidation value for the three months ended in Dec. 2023 was $-2,184.5 Mil.

goeasy Change In Receivables Historical Data

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

goeasy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.30

6.79

-1.43

-3.58

-3.78

goeasy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.10	-0.44	0.04	-0.91	-2.45

goeasy 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.8 Mil.

goeasy (OTCPK:EHMEF) 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.

goeasy's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	58.594	/	252.021	*	91
=	21.22

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

goeasy's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	89.726	-	2318.195	+	0.75 * 58.594	+	0.5 * 0
=	-2,184.5

goeasy Change In Receivables Related Terms

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goeasy (goeasy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » goeasy Ltd (OTCPK:EHMEF) » Definitions » Change In Receivables

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1ES:Germany GSY:Canada

Address

33 City Centre Drive, Suite 510, Mississauga, ON, CAN, L5B 2N5

Website

https://www.goeasy.com

goeasy Ltd provides financial services company. The principal operating activities of the Company include: providing loans and other financial services to consumers and leasing household products to consumers. Customers can transact seamlessly through an omnichannel model that includes online and mobile platforms. The Company operates in two reportable segments: easyfinancial and easyhome. The easyfinancial reportable segment lends out capital in the form of unsecured and secured consumer loans to nonprime borrowers. easyfinancial's product offering consists of unsecured and real estate-secured installment loans. The key revenue of the company is generated from easyfinancial.