CETY (Clean Energy Technologies) Change In Receivables : $-0.45 Mil (TTM As of Sep. 2024)

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What is Clean Energy Technologies Change In Receivables?

Clean Energy Technologies's change in receivables for the quarter that ended in Sep. 2024 was $-0.21 Mil. It means Clean Energy Technologies's Accounts Receivable increased by $0.21 Mil from Jun. 2024 to Sep. 2024 .

Clean Energy Technologies's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.38 Mil. It means Clean Energy Technologies's Accounts Receivable increased by $0.38 Mil from Dec. 2022 to Dec. 2023 .

Clean Energy Technologies's Accounts Receivable for the quarter that ended in Sep. 2024 was $0.97 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. Clean Energy Technologies's Days Sales Outstanding for the three months ended in Sep. 2024 was 376.26.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Clean Energy Technologies's liquidation value for the three months ended in Sep. 2024 was $-3.63 Mil.

Clean Energy Technologies Change In Receivables Historical Data

The historical data trend for Clean Energy Technologies'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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Clean Energy Technologies Change In Receivables Chart

Clean Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.91

0.01

-0.36

-0.76

-0.38

Clean Energy Technologies 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															-0.32	0.16	-0.19	-0.20	-0.21

Clean Energy Technologies 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 $-0.45 Mil.

Clean Energy Technologies (NAS:CETY) 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.

Clean Energy Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.969	/	0.235	*	91
=	376.26

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

Clean Energy Technologies'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)
=	1.105	-	5.846	+	0.75 * 0.969	+	0.5 * 0.768
=	-3.63

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Clean Energy Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Clean Energy Technologies Inc (NAS:CETY) » Definitions » Change In Receivables

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Address

1340 Reynolds Avenue, Unit 120, Irvine, CA, USA, 92614

Website

https://www.cetyinc.com

Clean Energy Technologies Inc is clean energy and environmentally sustainable technologies company offering heat recovery solutions products. In addition, it also provides engineering and manufacturing solutions focused on other energy-efficient and environmentally sustainable technologies. The company's principal product is the Clean Cycle generator, offered by Heat Recovery Solutions. The company's engineering and manufacturing resources support its heat recovery solutions business, as well as continuing to support other emerging growth companies with their Clean-tech technologies. It has four segments: Clean Energy HRS & CETY Europe, CETY HK, CETY Renewables and Electronic Manufacturing. It serves various markets, including industrial, aerospace, military, instrumentation, and medical.

Executives

Kambiz Mahdi	director, 10 percent owner	2933 CATALPA ST., NEWPORT BEACH CA 92660
Calvin Pang	director, 10 percent owner, officer: Chief Financial Officer	C/O LAW OFFICE OF R.J. NEWMAN, SUITE 177, BRIARCLIFF MANOR NY 10510
Mgw Investment I Ltd	10 percent owner	C/O ELIAN FIDUCIARY SERVICES, 190 ELGIN AVENUE, GEROGETOWN E9 KY1-9007
Bin Chen	10 percent owner	69 NANFU ROAD, SHANGCHENG DISTRICT, SUITE 102, HANGZHOU, F4 310008
Xin Huang	10 percent owner	69 NANFU ROAD, SHANGCHENG DISTRICT, SUITE 102, HANGZHOU F4 310008
Wen Hua	10 percent owner	1010 WILSHIRE BLVD, SUITE 113, LOS ANGELES NJ 90017
Cybernaut Zfounder Ventures Llc	10 percent owner	1010 WILSHIRE BLVD, SUITE 113, LOS ANGELES CA 90017
Cyberfuture One Lp	10 percent owner	1010 WILSHIRE BLVD, SUITE 113, LOS ANGELES CA 90017
Zhejiang Cybernaut Equity Investment Management Co., Ltd.	10 percent owner	3850 JIANGNAN RD, CHUANGXIN BUILDING, FLOOR 21, SUITE 2146, BINJIANG DISTRICT, HANGZHOU F4 310000
Hangzhou Saizhi Investment Co., Ltd.	10 percent owner	69 NANFU ROAD, SHANGCHENG DISTRICT, SUITE 102, HANGZHOU F4 310008
Hangzhou Saishenggu Equity Investment Management Co., Ltd.	10 percent owner	ADMIN OFFICE, XIANGLIFANG VISITOR CENTER, XIANG LAKE RESORT, HANGZHOU F4 310000
Luxus Micro Cap, S.a.	10 percent owner	15 RUE EDWARD STEICHEN, LUXEMBOURG N4 L-2540
Finn-partners, Inc.	10 percent owner	303C COLLEGE ROAD EAST, PRINCETON NJ 08540
Robert Andrew Young	director	1140 HIGHLAND AVE., SUITE 131, MANHATTAN BEACH CA 90266
Bijan Israel	10 percent owner	1113 AMHERST AVE., LOS ANGELES CA 90049