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LCLP (Life Clips) Change In Receivables : $-1.26 Mil (TTM As of Mar. 2022)


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What is Life Clips Change In Receivables?

Life Clips's change in receivables for the quarter that ended in Mar. 2022 was $-1.22 Mil. It means Life Clips's Accounts Receivable increased by $1.22 Mil from Dec. 2021 to Mar. 2022 .

Life Clips's change in receivables for the fiscal year that ended in Jun. 2021 was $-0.13 Mil. It means Life Clips's Accounts Receivable increased by $0.13 Mil from Jun. 2020 to Jun. 2021 .

Life Clips's Accounts Receivable for the quarter that ended in Mar. 2022 was $1.25 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. Life Clips's Days Sales Outstanding for the three months ended in Mar. 2022 was 38.61.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Life Clips's liquidation value for the three months ended in Mar. 2022 was $-24.32 Mil.

Life Clips Change In Receivables Historical Data

The historical data trend for Life Clips'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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Life Clips Change In Receivables Chart

Life Clips Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Change In Receivables
Get a 7-Day Free Trial - - - - -0.13

Life Clips Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.02 -0.06 -1.22

Life Clips 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.26 Mil.

* 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.

Life Clips  (OTCPK:LCLP) 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.

Life Clips's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.254/2.964*91
=38.61

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

Life Clips's liquidation value for the quarter that ended in Mar. 2022 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.856-26.119+0.75 * 1.254+0.5 * 0
=-24.32

* 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.

Life Clips Change In Receivables Related Terms

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Life Clips Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Life Clips Inc (OTCPK:LCLP) » Definitions » Change In Receivables
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Traded in Other Exchanges
N/A
Address
18851 NE 29th Avenue, Suite 700, PMB No. 348, Aventura, FL, USA, 33180
Website
https://www.lifeclips.com
Life Clips Inc operates in the business of digital devices to capture videos and pictures. It offers a varied range of cameras, batteries, and adapters. The firm focuses on the marketing of the HP-branded cameras as well as the Mobeego branded batteries in the United States as well as internationally. In addition, it also operates in the energy unit product division which consists of a custom designed plastic casing, shaped like a small can of energy drink, hosting a powerful lithium battery for charging mobile devices.
Executives
Victoria Diana Rudman director, officer: CFO C/O CHATAND, INC., 244 5TH AVENUE, SUITE 68, NEW YORK NY 10001
Robert Grinberg director, officer: CEO 19515 PRESIDENTIAL WAY, MIAMI FL 33179