E Automotive (TSX:EINC) Change In Receivables : C$-3.6 Mil (TTM As of Mar. 2023)

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What is E Automotive Change In Receivables?

E Automotive's change in receivables for the quarter that ended in Mar. 2023 was C$-37.6 Mil. It means E Automotive's Accounts Receivable increased by C$37.6 Mil from Dec. 2022 to Mar. 2023 .

E Automotive's change in receivables for the fiscal year that ended in Dec. 2022 was C$-1.9 Mil. It means E Automotive's Accounts Receivable increased by C$1.9 Mil from Dec. 2021 to Dec. 2022 .

E Automotive's Accounts Receivable for the quarter that ended in Mar. 2023 was C$117.5 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. E Automotive's Days Sales Outstanding for the three months ended in Mar. 2023 was 254.49.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. E Automotive's liquidation value for the three months ended in Mar. 2023 was C$-36.3 Mil.

E Automotive Change In Receivables Historical Data

The historical data trend for E Automotive'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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E Automotive Change In Receivables Chart

E Automotive Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

-3.20

-1.95

-4.07

-43.11

-1.93

E Automotive Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Receivables	Get a 7-Day Free Trial									-33.86	8.06	-5.66	31.63	-37.61

E Automotive 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.6 Mil.

E Automotive (TSX:EINC) 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.

E Automotive's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	117.485	/	42.126	*	91
=	254.49

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

E Automotive's liquidation value for the quarter that ended in Mar. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	21.671	-	146.041	+	0.75 * 117.485	+	0.5 * 0
=	-36.3

E Automotive Change In Receivables Related Terms

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E Automotive (TSX:EINC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » E Automotive Inc (TSX:EINC) » Definitions » Change In Receivables

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Traded in Other Exchanges

EICCF:USA

Address

10 Lower Spadina Avenue, Suite 400 and Suite 500, Toronto, ON, CAN, M5V 2Z2

Website

https://www.e.inc

E Automotive Inc is engaged in providing digital automotive dealer solutions. Its digital car auction platform focuses on providing a marketplace that enables automotive dealers to transact with each other more effectively. It operates in a single segment, which is marketplace services, inventory retailing software, and digital advertisement. Revenue is generated in the form of Auction fees, Ancillary services, Subscription fees, and Advertising. The company's geographical segments are Canada and the United States, of which the majority of its revenue comes from Canada.