CTBG (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 CTBG Change In Receivables is $1.18 Mil as of Sep. 2015.

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  (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

* 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.

Coil Tubing Technology Change In Receivables Related Terms

Coil Tubing Technology Change In Receivables Historical Data

* Premium members only.

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.

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -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.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $1.18 Mil mean?
Coil Tubing Technology (CTBG) has a Change In Receivables of $1.18 Mil as of Sep. 2015. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Coil Tubing Technology and its competitors.
Is Coil Tubing Technology's Change In Receivables too high?
Coil Tubing Technology's current Change In Receivables is $1.18 Mil.
How does Coil Tubing Technology's Change In Receivables compare to ESES and BMMCF?
Coil Tubing Technology's Change In Receivables of $1.18 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for an Oil & Gas company?
A good Change In Receivables depends on the Oil & Gas industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Coil Tubing Technology and its competitors. Coil Tubing Technology's current Change In Receivables is $1.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coil Tubing Technology stock overvalued right now?
Coil Tubing Technology (CTBG) has a current Change In Receivables of $1.18 Mil. The current Change In Receivables is $1.18 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Coil Tubing Technology (CTBG), the current Change In Receivables is $1.18 Mil as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Coil Tubing Technology Business Description

Industry EnergyOil & Gas
Address 11237 Crown Park Drive, Suite D, Houston, TX, USA, 77067
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.