Twin Vee PowerCats Co (Twin Vee PowerCats Co) Change In Receivables : $-0.07 Mil (TTM As of Dec. 2023)

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What is Twin Vee PowerCats Co Change In Receivables?

Twin Vee PowerCats Co's change in receivables for the quarter that ended in Dec. 2023 was $0.43 Mil. It means Twin Vee PowerCats Co's Accounts Receivable declined by $0.43 Mil from Sep. 2023 to Dec. 2023 .

Twin Vee PowerCats Co's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.07 Mil. It means Twin Vee PowerCats Co's Accounts Receivable increased by $0.07 Mil from Dec. 2022 to Dec. 2023 .

Twin Vee PowerCats Co's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.08 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. Twin Vee PowerCats Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Twin Vee PowerCats Co's liquidation value for the three months ended in Dec. 2023 was $15.67 Mil.

Twin Vee PowerCats Co Change In Receivables Historical Data

The historical data trend for Twin Vee PowerCats 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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Twin Vee PowerCats Co Change In Receivables Chart

Twin Vee PowerCats Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

0.07

-0.01

-0.07

Twin Vee PowerCats Co Quarterly Data
	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												-0.01	-0.61	0.06	0.06	0.43

Twin Vee PowerCats 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 $-0.07 Mil.

Twin Vee PowerCats Co (NAS:VEEE) 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.

Twin Vee PowerCats 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
=	0.08	/	8.445	*	91
=	0.86

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

Twin Vee PowerCats 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)
=	20.961	-	7.797	+	0.75 * 0.08	+	0.5 * 4.885
=	15.67

Twin Vee PowerCats Co Change In Receivables Related Terms

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Twin Vee PowerCats Co (Twin Vee PowerCats Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Twin Vee PowerCats Co (NAS:VEEE) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 South US-1, Fort Pierce, Florida, FL, USA, 34982

Website

https://www.twinvee.com

Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power catamaran boats to use for fishing, diving and water skiing and commercial activities including transportation, eco-tours, fishing, and diving expeditions. Its revenue is derived from the sale of boats, motors, and trailers to its independent dealers.

Executives

Kevin Schuyler	director	1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Bard D. Rockenbach	director	3101 S. US-1, FT. PIERCE FL 34982
Carrie L. Gunnerson	officer: Chief Financial Officer	5556 HIGHWAY 9, ARMSTRONG IA 50514
Steven A Shallcross	director	C/O ELYS GAME TECHNOLOGY CORP., 130 ADELAIDE STREET WEST, SUITE 701, TORONTO A6 M5H2K4
Joseph C Visconti	director, 10 percent owner, officer: CEO and President	525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Twin Vee Powercats, Inc.	10 percent owner	3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross	director	3101 S. US-1, FT. PIERCE FL 34982
Donna Barnett	officer: Chief Financial Officer	3101 S. US-1, FT. PIERCE FL 34982
Preston Yarborough	director, officer: Vice President	3101 S. US-1, FT. PIERCE FL 34981
James Henry Melvin	director	3101 S. US-1, FT. PIERCE FL 34982
Daniel Norton	officer: Chief Engineer	3101 S. US-1, FT. PIERCE FL 34982