Globetronics Technology Bhd (Globetronics Technology Bhd) Change In Receivables : $-1.25 Mil (TTM As of Mar. 2024)

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What is Globetronics Technology Bhd Change In Receivables?

Globetronics Technology Bhd's change in receivables for the quarter that ended in Mar. 2024 was $-2.97 Mil. It means Globetronics Technology Bhd's Accounts Receivable increased by $2.97 Mil from Dec. 2023 to Mar. 2024 .

Globetronics Technology Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was $1.84 Mil. It means Globetronics Technology Bhd's Accounts Receivable declined by $1.84 Mil from Dec. 2022 to Dec. 2023 .

Globetronics Technology Bhd's Accounts Receivable for the quarter that ended in Mar. 2024 was $4.97 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. Globetronics Technology Bhd's Days Sales Outstanding for the three months ended in Mar. 2024 was 71.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Globetronics Technology Bhd's liquidation value for the three months ended in Mar. 2024 was $39.67 Mil.

Globetronics Technology Bhd Change In Receivables Historical Data

The historical data trend for Globetronics Technology Bhd'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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Globetronics Technology Bhd Change In Receivables Chart

Globetronics Technology Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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7.97

-0.46

2.59

0.82

1.84

Globetronics Technology Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.12	-1.31	0.04	3.00	-2.97

Globetronics Technology Bhd 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.25 Mil.

Globetronics Technology Bhd (OTCPK:GBTKF) 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.

Globetronics Technology Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.97	/	6.342	*	91
=	71.51

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

Globetronics Technology Bhd's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	40.119	-	4.722	+	0.75 * 4.97	+	0.5 * 1.097
=	39.67

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Globetronics Technology Bhd (Globetronics Technology Bhd) Business Description

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7022:Malaysia

Address

Plot 2, Phase 4, Free Industrial Zone, Bayan Lepas, PNG, MYS, 11900

Website

http://www.globetronics.com.my

Globetronics Technology Bhd develops and manufactures integrated circuits, light-emitting diode components, encoders and sensors, quartz crystal products, timing devices, and related products. Sensors are the leading revenue contributor for the company. Globetronics builds its sensors and encoders for a variety of automation and industrial applications. Sales volume is also significantly dependent on revenue generated from quartz crystal and timing devices. These devices are used in a multitude of electronic products, such as mobile devices, GPS, and PCs. Sales are primarily in Malaysia, Singapore and United States markets.

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