HERC (H.E.R.C. Products) Change In Receivables: $-0.25 Mil (TTM As of Jun. 2004)

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What is H.E.R.C. Products Change In Receivables?

H.E.R.C. Products HERC Change In Receivables is $-0.25 Mil as of Jun. 2004.

H.E.R.C. Products's change in receivables for the quarter that ended in Jun. 2004 was $0.07 Mil. It means H.E.R.C. Products's Accounts Receivable declined by $0.07 Mil from Mar. 2004 to Jun. 2004 .

H.E.R.C. Products's change in receivables for the fiscal year that ended in Dec. 2003 was $-0.47 Mil. It means H.E.R.C. Products's Accounts Receivable increased by $0.47 Mil from Dec. 2002 to Dec. 2003 .

H.E.R.C. Products's Accounts Receivable for the quarter that ended in Jun. 2004 was $0.41 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. H.E.R.C. Products's Days Sales Outstanding for the three months ended in Jun. 2004 was 24.93.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. H.E.R.C. Products's liquidation value for the three months ended in Jun. 2004 was $-1.44 Mil.

H.E.R.C. Products  (OTCPK:HERC) 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.

H.E.R.C. Products's Days Sales Outstanding for the quarter that ended in Jun. 2004 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.41/1.501*91
=24.93

2. In Ben Graham's calculation of liquidation value, H.E.R.C. Products's accounts receivable are only considered to be worth 75% of book value:

H.E.R.C. Products's liquidation value for the quarter that ended in Jun. 2004 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.056-1.837+0.75 * 0.41+0.5 * 0.063
=-1.44

* 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.

H.E.R.C. Products Change In Receivables Related Terms

H.E.R.C. Products Change In Receivables Historical Data

* Premium members only.

The historical data trend for H.E.R.C. Products'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.

H.E.R.C. Products Change In Receivables Chart

H.E.R.C. Products Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.26 0.54 -0.33 0.23 -0.47

H.E.R.C. Products Quarterly Data
Dec98 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.14 -0.23 0.06 0.07

H.E.R.C. Products 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 Jun. 2004 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.25 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 $-0.25 Mil mean?
H.E.R.C. Products (HERC) has a Change In Receivables of $-0.25 Mil as of Jun. 2004. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for H.E.R.C. Products and its competitors.
Is H.E.R.C. Products' Change In Receivables too high?
H.E.R.C. Products' current Change In Receivables is $-0.25 Mil.
How does H.E.R.C. Products' Change In Receivables compare to CABN and TEKXD?
H.E.R.C. Products' Change In Receivables of $-0.25 Mil can be compared against companies in the Chemicals 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 a Chemicals company?
A good Change In Receivables depends on the Chemicals 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 H.E.R.C. Products and its competitors. H.E.R.C. Products's current Change In Receivables is $-0.25 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H.E.R.C. Products stock overvalued right now?
H.E.R.C. Products (HERC) has a current Change In Receivables of $-0.25 Mil. The current Change In Receivables is $-0.25 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 H.E.R.C. Products (HERC), the current Change In Receivables is $-0.25 Mil as of Jun. 2004. 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.

H.E.R.C. Products Business Description

Address 1420 Columbus Avenue, Portsmouth, VA, USA, 23704