X3 Holdings Co (X3 Holdings Co) Change In Receivables : $0.79 Mil (TTM As of Jun. 2023)

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What is X3 Holdings Co Change In Receivables?

X3 Holdings Co's change in receivables for the quarter that ended in Jun. 2023 was $-0.53 Mil. It means X3 Holdings Co's Accounts Receivable increased by $0.53 Mil from Dec. 2022 to Jun. 2023 .

X3 Holdings Co's change in receivables for the fiscal year that ended in Dec. 2022 was $2.97 Mil. It means X3 Holdings Co's Accounts Receivable declined by $2.97 Mil from Dec. 2021 to Dec. 2022 .

X3 Holdings Co's Accounts Receivable for the quarter that ended in Jun. 2023 was $15.07 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. X3 Holdings Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 417.63.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. X3 Holdings Co's liquidation value for the six months ended in Jun. 2023 was $-53.38 Mil.

X3 Holdings Co Change In Receivables Historical Data

The historical data trend for X3 Holdings 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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X3 Holdings Co Change In Receivables Chart

X3 Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-3.84

-2.22

-2.58

-6.37

2.97

X3 Holdings Co Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial									-2.86	-3.52	1.65	1.32	-0.53

X3 Holdings 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.79 Mil.

X3 Holdings Co (NAS:XTKG) 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.

X3 Holdings Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.069	/	6.585	*	91
=	417.63

2. In Ben Graham's calculation of liquidation value, X3 Holdings Co's accounts receivable are only considered to be worth 75% of book value:

X3 Holdings Co's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.096	-	70.779	+	0.75 * 15.069	+	0.5 * 0
=	-53.38

X3 Holdings Co Change In Receivables Related Terms

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X3 Holdings Co (X3 Holdings Co) Business Description

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Address

Advanced Business Park, 29 Lanwan Lane, 9th Floor, Building C2, Hightech District, Guangdong Province, Zhuhai, CHN, 519080

Website

https://www.powerbridge.com

Powerbridge Technologies Co Ltd provides a software application, technology solutions, and services to corporate and government customers. The company offers services such as Powerbridge System Solutions, Powerbridge SaaS Services, Powerbridge BaaS Services, and others. It generates its revenue in the form of application development services, consulting and technical support services, and subscription services. All of its revenues are generated from the People's Republic of China.