GSE Systems (GSE Systems) Change In Receivables : $-0.41 Mil (TTM As of Dec. 2023)

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What is GSE Systems Change In Receivables?

GSE Systems's change in receivables for the quarter that ended in Dec. 2023 was $0.33 Mil. It means GSE Systems's Accounts Receivable declined by $0.33 Mil from Sep. 2023 to Dec. 2023 .

GSE Systems's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.41 Mil. It means GSE Systems's Accounts Receivable increased by $0.41 Mil from Dec. 2022 to Dec. 2023 .

GSE Systems's Accounts Receivable for the quarter that ended in Dec. 2023 was $5.72 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. GSE Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 51.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. GSE Systems's liquidation value for the three months ended in Dec. 2023 was $-10.92 Mil.

GSE Systems Change In Receivables Historical Data

The historical data trend for GSE Systems'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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GSE Systems Change In Receivables Chart

GSE Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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6.75

6.90

-1.40

0.91

-0.41

GSE Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.01	-0.49	0.23	-0.48	0.33

GSE Systems 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.41 Mil.

GSE Systems (NAS:GVP) 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.

GSE Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.72	/	10.215	*	91
=	51.10

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

GSE Systems's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.25	-	17.463	+	0.75 * 5.72	+	0.5 * 0
=	-10.92

GSE Systems Change In Receivables Related Terms

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GSE Systems (GSE Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GSE Systems Inc (NAS:GVP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

6940 Columbia Gateway Dr., Suite 470, Columbia, MD, USA, 21046

Website

https://www.gses.com

GSE Systems Inc is a company engaged in providing engineering, staffing, and simulation software to clients in the power and process industries. It is also into providing interactive computer-based tutorials and simulation software for the refining, chemical, and petrochemical industries. It functions through two segments: Engineering segment and Workforce Solutions segment. Its geographical segments include the United States, Europe, and Asia, out of which the majority of the revenue is generated from the United States.

Executives

Dougherty Iii Thomas James	director	GSE SYSTEMS, INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046
Kathryn O'connor	director	GSE SYSTEMS, INC, 1332 LONDONTOWN BLVD SUITE 200, SYKESVILLE MD 21784
Corey William S. Jr.	director	C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056
Bahram Meyssami	officer: Chief Technology Officer	C/O GSE SYSTEMS, INC., 1332 LON, SYKESVILLE MD 21784
Emmett Anthony Pepe	officer: Chief Financial Officer	1515 JUDD COURT, HERNDON VA 20170
Donald Horn	officer: President, GSE Engineering	GSE SYSTEMS INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046-3308
Daniel Warren Pugh	officer: Chief Legal and Risk Officer	C/O GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD., SYKESVILLE MD 21784
Ravi Khanna	officer: SVP Professional Services	GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Kyle Justin Loudermilk	director, officer: President & CEO	3525 WOODBINE STREET, CHEVY CHASE MD 20815
Brian Greene	officer: VP, GSE Workforce Solutions	GSE SYSTEMS INC, 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Ngp Energy Technology Partners Ii, L.p.	10 percent owner	1700 K STREET N.W., SUITE 750, WASHINGTON DC 20006
Energy Technology Partners, L.l.c.	10 percent owner	1700 K STREET NW, SUITE 750, WASHINGTON DC 20006
Philip J Deutch	10 percent owner	PERSEUS 2000 LLC, 2099 PENNSYLVANIA AVUE NW STE 900, WASHINGTON DC 20006
Suresh Sundaram	director	C/O EXA CORPORATION, 55 NETWORK DRIVE, BURLINGTON MA 01803
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6