Avante (TSXV:XX) Change In Receivables : C$-1.47 Mil (TTM As of Dec. 2023)

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What is Avante Change In Receivables?

Avante's change in receivables for the quarter that ended in Dec. 2023 was C$-0.70 Mil. It means Avante's Accounts Receivable increased by C$0.70 Mil from Sep. 2023 to Dec. 2023 .

Avante's change in receivables for the fiscal year that ended in Mar. 2023 was C$-1.82 Mil. It means Avante's Accounts Receivable increased by C$1.82 Mil from Mar. 2022 to Mar. 2023 .

Avante's Accounts Receivable for the quarter that ended in Dec. 2023 was C$7.40 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. Avante's Days Sales Outstanding for the three months ended in Dec. 2023 was 97.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Avante's liquidation value for the three months ended in Dec. 2023 was C$4.10 Mil.

Avante Change In Receivables Historical Data

The historical data trend for Avante'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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Avante Change In Receivables Chart

Avante Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-5.67

-0.96

1.76

-0.72

-1.82

Avante Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.79	0.09	-0.75	-0.03	-0.70

Avante 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$-1.47 Mil.

Avante (TSXV:XX) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.403	/	6.941	*	91
=	97.32

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

Avante'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)
=	5.729	-	7.686	+	0.75 * 7.403	+	0.5 * 1.012
=	4.10

Avante Change In Receivables Related Terms

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Avante (TSXV:XX) Business Description

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ALXXF:USA

Address

1959 Leslie Street, Toronto, ON, CAN, M3B 2M3

Website

https://www.avantelogixx.com

Avante Corp is engaged in the provision of security, monitoring, system integration, and technology solutions. Its operating segments are Avante security. Its products and services include residential and corporate security business: Avante control centre, monitoring, electronic building management, patrol and rapid response, intelligent perimeter protection, secure transport, international security travel advisory services, locksmith services, and smart home automation. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of technology and client service.

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