AIRI (Air Industries Group) Change In Receivables : $-1.06 Mil (TTM As of Dec. 2024)

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What is Air Industries Group Change In Receivables?

Air Industries Group's change in receivables for the quarter that ended in Dec. 2024 was $-1.80 Mil. It means Air Industries Group's Accounts Receivable increased by $1.80 Mil from Sep. 2024 to Dec. 2024 .

Air Industries Group's change in receivables for the fiscal year that ended in Dec. 2024 was $-1.06 Mil. It means Air Industries Group's Accounts Receivable increased by $1.06 Mil from Dec. 2023 to Dec. 2024 .

Air Industries Group's Accounts Receivable for the quarter that ended in Dec. 2024 was $8.90 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. Air Industries Group's Days Sales Outstanding for the three months ended in Dec. 2024 was 54.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Air Industries Group's liquidation value for the three months ended in Dec. 2024 was $-14.23 Mil.

Air Industries Group Change In Receivables Historical Data

The historical data trend for Air Industries Group'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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Air Industries Group Change In Receivables Chart

Air Industries Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Receivables

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-1.05

-1.59

1.30

1.53

-1.06

Air Industries Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Change In Receivables	Get a 7-Day Free Trial															-2.70	-0.12	0.54	0.32	-1.80

Air Industries Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.06 Mil.

Air Industries Group (AMEX:AIRI) 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.

Air Industries Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.9	/	14.92	*	91
=	54.43

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

Air Industries Group's liquidation value for the quarter that ended in Dec. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.753	-	36.063	+	0.75 * 8.9	+	0.5 * 28.811
=	-14.23

Air Industries Group Change In Receivables Related Terms

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Air Industries Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Air Industries Group (AMEX:AIRI) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

1460 Fifth Avenue, Bay Shore, New York, NY, USA, 11706

Website

https://www.airindustriesgroup.com

Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services.

Executives

Robert Taglich	director, 10 percent owner	700 NEW YORK AVENUE, HUNTINGTON NY 11743
Michael N Taglich	director	TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791
Luciano M Melluzzo	officer: President	93 FOXON PLACE, NEW BRITAIN CT 06053
Scott Glassman	officer: CHIEF FINANCIAL OFFICER	1479 NORTH CLINTON AVENUE, BAY SHORE NY 11706
Michael Porcelain	director	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Peter Rettaliata	director	C/O AIR INDUSTRIES, 1479 CLINTON AVENUE, BAY SHORE NY 11706
Michael Brand	director	4196 MAJESTIC CIRCLE, MEDINA OH 44256
David S. Richmond	10 percent owner, other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Iii, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Matthew J. Curfman	10 percent owner, other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Pi Manager, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers 401(k) Profit Sharing Plan	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Ii, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers, Inc.	10 percent owner, other: See Footnotes 1 and 2	7415 FOXWORTH COURT, JACKSON MI 49201
Michael E Recca	officer: Chief Financial Officer