BWMG (Brownie's Marine Group) Change In Receivables : $-0.23 Mil (TTM As of Sep. 2024)

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What is Brownie's Marine Group Change In Receivables?

Brownie's Marine Group's change in receivables for the quarter that ended in Sep. 2024 was $-0.13 Mil. It means Brownie's Marine Group's Accounts Receivable increased by $0.13 Mil from Jun. 2024 to Sep. 2024 .

Brownie's Marine Group's change in receivables for the fiscal year that ended in Dec. 2023 was $0.03 Mil. It means Brownie's Marine Group's Accounts Receivable declined by $0.03 Mil from Dec. 2022 to Dec. 2023 .

Brownie's Marine Group's Accounts Receivable for the quarter that ended in Sep. 2024 was $0.42 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. Brownie's Marine Group's Days Sales Outstanding for the three months ended in Sep. 2024 was 15.52.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Brownie's Marine Group's liquidation value for the three months ended in Sep. 2024 was $-1.89 Mil.

Brownie's Marine Group Change In Receivables Historical Data

The historical data trend for Brownie's Marine 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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Brownie's Marine Group Change In Receivables Chart

Brownie's Marine Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.06

0.01

-0.04

0.03

Brownie's Marine Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															0.03	0.15	-0.07	-0.18	-0.13

Brownie's Marine 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.23 Mil.

Brownie's Marine Group (OTCPK:BWMG) 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.

Brownie's Marine Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.42	/	2.469	*	91
=	15.52

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

Brownie's Marine Group's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.646	-	3.835	+	0.75 * 0.42	+	0.5 * 1.967
=	-1.89

Brownie's Marine Group Change In Receivables Related Terms

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Brownie's Marine Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Brownie's Marine Group Inc (OTCPK:BWMG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

3001 North West 25th Avenue, Suite 1, Pompano Beach, FL, USA, 33069

Website

https://www.browniesmarinegroup.com

Brownie's Marine Group Inc designs, tests, manufactures and distributes tankless dive systems, rescue air systems and yacht-based self-contained underwater breathing apparatus ("SCUBA") air compressor and nitrox generation fill systems and acts as the exclusive distributor in North and South America for Lenhardt & Wagner GmbH ("L&W") compressors in the high-pressure breathing air and industrial gas markets. The Company sells its products both on a wholesale and retail basis.

Executives

Alexander Fraser Purdon	10 percent owner	5205 SW 83 TERRACE, GAINESVILLE FL 32608
Mikkel Pitzner	director	716 SE 8TH STREET, FT. LAUDERDALE FL 33316
Armstrong Grant Wesley Jr	director	1002 WESTRIDGE ROAD, GREENSBORO NC 27410
Jeffrey William Morris	10 percent owner	2148 NE 24TH STREET, WILTON MANORS FL 33305
Joshua William Arvin	10 percent owner	1900 PURDY AVE TS4, MIAMI FL 33139
Robert M Carmichael	officer: President and CEO	940 N.W. 1 STREET, FORT LAUDERDALE FL 33311