Galaxy Next Generation (Galaxy Next Generation) Change In Receivables : $0.02 Mil (TTM As of Mar. 2023)

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What is Galaxy Next Generation Change In Receivables?

Galaxy Next Generation's change in receivables for the quarter that ended in Mar. 2023 was $0.25 Mil. It means Galaxy Next Generation's Accounts Receivable declined by $0.25 Mil from Dec. 2022 to Mar. 2023 .

Galaxy Next Generation's change in receivables for the fiscal year that ended in Jun. 2022 was $0.41 Mil. It means Galaxy Next Generation's Accounts Receivable declined by $0.41 Mil from Jun. 2021 to Jun. 2022 .

Galaxy Next Generation's Accounts Receivable for the quarter that ended in Mar. 2023 was $0.64 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. Galaxy Next Generation's Days Sales Outstanding for the three months ended in Mar. 2023 was 88.61.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Galaxy Next Generation's liquidation value for the three months ended in Mar. 2023 was $-8.74 Mil.

Galaxy Next Generation Change In Receivables Historical Data

The historical data trend for Galaxy Next Generation'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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Galaxy Next Generation Change In Receivables Chart

Galaxy Next Generation Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Change In Receivables

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0.15

0.08

0.12

-0.04

0.41

Galaxy Next Generation Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Receivables	Get a 7-Day Free Trial															-0.35	0.21	-0.35	-0.09	0.25

Galaxy Next Generation 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.02 Mil.

Galaxy Next Generation (OTCPK:GAXYQ) 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.

Galaxy Next Generation's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.638	/	0.657	*	91
=	88.61

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

Galaxy Next Generation's liquidation value for the quarter that ended in Mar. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.17	-	9.629	+	0.75 * 0.638	+	0.5 * 0.487
=	-8.74

Galaxy Next Generation Change In Receivables Related Terms

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Galaxy Next Generation (Galaxy Next Generation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Galaxy Next Generation Inc (OTCPK:GAXYQ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

286 Big A Road, Toccoa, GA, USA, 30577

Website

https://www.galaxynext.us

Galaxy Next Generation Inc is a distributor of interactive learning technology hardware and software that allows the presenter and participant to engage in a fully collaborative instructional environment. Its products include its own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices.

Executives

Magen Mcgahee	director, 10 percent owner, officer: COO	C/O GALAXY NEXT GENERATION, INC., 285 N. BIG A ROAD, TOCCOA GA 30577
Gary Lecroy	director, 10 percent owner, officer: CEO	385 BIG A ROAD, TOCCA GA 30557
Keith Watson	10 percent owner	188 WHIPPOORWILL LANE, TOCCOA GA GA 30577
Watson Kevin Collier	10 percent owner	5086 HWY. 1]84 NORTH, TOCCOA GA GA 30577