Matrix Service Co (Matrix Service Co) Change In Receivables : $23.2 Mil (TTM As of Dec. 2023)

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What is Matrix Service Co Change In Receivables?

Matrix Service Co's change in receivables for the quarter that ended in Dec. 2023 was $-11.3 Mil. It means Matrix Service Co's Accounts Receivable increased by $11.3 Mil from Sep. 2023 to Dec. 2023 .

Matrix Service Co's change in receivables for the fiscal year that ended in Jun. 2023 was $8.5 Mil. It means Matrix Service Co's Accounts Receivable declined by $8.5 Mil from Jun. 2022 to Jun. 2023 .

Matrix Service Co's Accounts Receivable for the quarter that ended in Dec. 2023 was $158.2 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. Matrix Service Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 82.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Matrix Service Co's liquidation value for the three months ended in Dec. 2023 was $-55.9 Mil.

Matrix Service Co Change In Receivables Historical Data

The historical data trend for Matrix Service Co'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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Matrix Service Co Change In Receivables Chart

Matrix Service Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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-35.18

93.14

39.88

-20.57

8.53

Matrix Service Co 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															-19.73	11.83	26.66	-4.02	-11.27

Matrix Service Co 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 $23.2 Mil.

Matrix Service Co (NAS:MTRX) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	158.182	/	175.042	*	91
=	82.46

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

Matrix Service Co'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)
=	47.16	-	225.924	+	0.75 * 158.182	+	0.5 * 8.441
=	-55.9

Matrix Service Co Change In Receivables Related Terms

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Matrix Service Co (Matrix Service Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Matrix Service Co (NAS:MTRX) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MX2:Germany MX2:Germany

Address

15 East, 5th Street, Suite 1100, Tulsa, OK, USA, 74103

Website

https://www.matrixservice.com

Matrix Service Co is an engineering and construction provider for large industrial projects, primarily in the oil and gas, power, petrochemical, industrial, mining, and minerals markets. It offers engineering, fabrication, construction, and maintenance services, operating across three segments namely Utility and Power Infrastructure; Process and Industrial Facilities and Storage and Terminal Solutions.

Executives

Justin D Sheets	officer: Vice President, Legal & Risk	5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
James Harry Miller	director	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
John R Hewitt	officer: President & CEO	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Douglas J Montalbano	officer: President, Matrix NAC	15 EAST 15TH STREET, SUITE 1100, TULSA OK 74103
Shawn P Payne	officer: President, Matrix Service	5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Bustamante Jose Luis M.	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD., IRVING TX 75039
Kevin A Durkin	officer: VP BUS DEVELOPMENT MSI	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
John D Chandler	director	ONE WILLIAMS CENTER, MD 4700, TULSA OK 74172
Kevin S Cavanah	officer: VP - Accounting & Fin Report	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Carlin G. Conner	director	6120 SOUTH YALE AVE., SUITE 1500, TULSA OK 74136
Nancy E Downs	officer: Vice President/Human Resources	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Joseph F Montalbano	officer: VP / Chief Operating Officer	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Glyn A Rodgers	officer: President, Matrix PDM Eng	5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Alan R Updyke	officer: President, Matrix Service	5100 EAST SKELLY DRIVE, SUITE 500, TULSA OK 74135
Rick J Bennett	officer: VP & Chief Information Officer	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135