PowerBand Solutions (TSXV:PBX) Change In Receivables : C$-0.79 Mil (TTM As of Sep. 2023)

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What is PowerBand Solutions Change In Receivables?

PowerBand Solutions's change in receivables for the quarter that ended in Sep. 2023 was C$0.00 Mil. It means PowerBand Solutions's Accounts Receivable stayed the same from Jun. 2023 to Sep. 2023 .

PowerBand Solutions's change in receivables for the fiscal year that ended in Dec. 2022 was C$0.25 Mil. It means PowerBand Solutions's Accounts Receivable declined by C$0.25 Mil from Dec. 2021 to Dec. 2022 .

PowerBand Solutions's Accounts Receivable for the quarter that ended in Sep. 2023 was C$1.09 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. PowerBand Solutions's Days Sales Outstanding for the three months ended in Sep. 2023 was 179.70.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. PowerBand Solutions's liquidation value for the three months ended in Sep. 2023 was C$-13.73 Mil.

PowerBand Solutions Change In Receivables Historical Data

The historical data trend for PowerBand Solutions'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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PowerBand Solutions Change In Receivables Chart

PowerBand Solutions Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-0.45

-0.29

-0.79

-1.39

0.25

PowerBand Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-0.11	0.05	-0.73	-	-

PowerBand Solutions 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.79 Mil.

PowerBand Solutions (TSXV:PBX) 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.

PowerBand Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.093	/	0.555	*	91
=	179.70

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

PowerBand Solutions's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.04	-	18.589	+	0.75 * 1.093	+	0.5 * 0
=	-13.73

PowerBand Solutions Change In Receivables Related Terms

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PowerBand Solutions (TSXV:PBX) Business Description

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PWWBF:USA

Address

3385 Harvester Road, Suite 225, Burlington, ON, CAN, L7N 3N2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. The company provides various solutions such as LiveNet, Marketplace Auction, Dynamic Appraisal, and Market Intelligence. The LiveNet Auction Portal allows Dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry's top used vehicle buyers. Appraisal System is customizable to meet the respective compliance requirements.

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