Coil Tubing Technology (Coil Tubing Technology) Change In Receivables : $1.18 Mil (TTM As of Sep. 2015)

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What is Coil Tubing Technology Change In Receivables?

Coil Tubing Technology's change in receivables for the quarter that ended in Sep. 2015 was $0.37 Mil. It means Coil Tubing Technology's Accounts Receivable declined by $0.37 Mil from Jun. 2015 to Sep. 2015 .

Coil Tubing Technology's change in receivables for the fiscal year that ended in Dec. 2014 was $-0.23 Mil. It means Coil Tubing Technology's Accounts Receivable increased by $0.23 Mil from Dec. 2013 to Dec. 2014 .

Coil Tubing Technology's Accounts Receivable for the quarter that ended in Sep. 2015 was $0.63 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. Coil Tubing Technology's Days Sales Outstanding for the three months ended in Sep. 2015 was 128.36.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Coil Tubing Technology's liquidation value for the three months ended in Sep. 2015 was $-4.59 Mil.

Coil Tubing Technology Change In Receivables Historical Data

The historical data trend for Coil Tubing Technology'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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Coil Tubing Technology Change In Receivables Chart

Coil Tubing Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Change In Receivables

-1.46

-0.47

-0.30

-0.23

Coil Tubing Technology Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Change In Receivables	Get a 7-Day Free Trial											-0.51	0.23	0.43	0.15	0.37

Coil Tubing Technology 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.18 Mil.

Coil Tubing Technology (OTCPK:CTBG) 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.

Coil Tubing Technology's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.633	/	0.45	*	91
=	128.36

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

Coil Tubing Technology's liquidation value for the quarter that ended in Sep. 2015 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.676	-	5.745	+	0.75 * 0.633	+	0.5 * 0
=	-4.59

Coil Tubing Technology Change In Receivables Related Terms

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Coil Tubing Technology (Coil Tubing Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coil Tubing Technology Inc (OTCPK:CTBG) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

22305 Gosling Road, Spring, TX, USA, 77389

Website

http://www.coiltubingtechnology.com

Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.

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