Lite Access Technologies (TSXV:LTE) Change In Receivables : C$0.23 Mil (TTM As of Dec. 2023)

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What is Lite Access Technologies Change In Receivables?

Lite Access Technologies's change in receivables for the quarter that ended in Dec. 2023 was C$-0.09 Mil. It means Lite Access Technologies's Accounts Receivable increased by C$0.09 Mil from Sep. 2023 to Dec. 2023 .

Lite Access Technologies's change in receivables for the fiscal year that ended in Sep. 2023 was C$1.00 Mil. It means Lite Access Technologies's Accounts Receivable declined by C$1.00 Mil from Sep. 2022 to Sep. 2023 .

Lite Access Technologies's Accounts Receivable for the quarter that ended in Dec. 2023 was C$0.68 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. Lite Access Technologies's Days Sales Outstanding for the three months ended in Dec. 2023 was 68.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lite Access Technologies's liquidation value for the three months ended in Dec. 2023 was C$-2.14 Mil.

Lite Access Technologies Change In Receivables Historical Data

The historical data trend for Lite Access Technologies'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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Lite Access Technologies Change In Receivables Chart

Lite Access Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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1.58

0.46

-0.18

-1.47

1.00

Lite Access Technologies 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															0.68	-0.41	0.67	0.06	-0.09

Lite Access Technologies 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 C$0.23 Mil.

Lite Access Technologies (TSXV:LTE) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.684	/	0.911	*	91
=	68.51

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

Lite Access Technologies'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)
=	0.555	-	3.277	+	0.75 * 0.684	+	0.5 * 0.13
=	-2.14

Lite Access Technologies Change In Receivables Related Terms

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Lite Access Technologies (TSXV:LTE) Business Description

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Address

110 – 6039 196 Street, Surrey, BC, CAN, V3S 7X4

Website

https://www.liteaccess.com

Lite Access Technologies Inc is a manufacturer, distributor, and installer of fibre optic technology, specializing in micro ducts and air-blown fibre. The company also provides construction options for the deployment of the fibre optic. The business of the company operates in three reporting segments: Product sales, Fibre optic installations and concrete cutting. Fibre optic installations account for the majority of revenue. Its geographical segments are Canada, the United States, the United Kingdom, and others, of which the majority of its revenue comes from Canada.

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