EV Technology Group (EV Technology Group) Change In Receivables : $-0.32 Mil (TTM As of Sep. 2023)

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What is EV Technology Group Change In Receivables?

EV Technology Group's change in receivables for the quarter that ended in Sep. 2023 was $-0.06 Mil. It means EV Technology Group's Accounts Receivable increased by $0.06 Mil from Jun. 2023 to Sep. 2023 .

EV Technology Group's change in receivables for the fiscal year that ended in Dec. 2022 was $-0.43 Mil. It means EV Technology Group's Accounts Receivable increased by $0.43 Mil from Dec. 2021 to Dec. 2022 .

EV Technology Group's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.62 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. EV Technology Group's liquidation value for the three months ended in Sep. 2023 was $-5.93 Mil.

EV Technology Group Change In Receivables Historical Data

The historical data trend for EV Technology 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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EV Technology Group Change In Receivables Chart

EV Technology Group Annual Data

Trend

Dec21

Dec22

Change In Receivables

-0.43

EV Technology Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial			-0.16	-0.08	-0.09	-0.09	-0.06

EV Technology 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.32 Mil.

EV Technology Group (OTCPK:EVTGF) 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.

EV Technology Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.617	/	0	*	91
=

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

EV Technology Group's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.005	-	6.399	+	0.75 * 0.617	+	0.5 * 0
=	-5.93

EV Technology Group Change In Receivables Related Terms

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EV Technology Group (EV Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (OTCPK:EVTGF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.evtgroup.com

EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.