Hire Technologies (Hire Technologies) Change In Receivables : $0.08 Mil (TTM As of Sep. 2022)

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What is Hire Technologies Change In Receivables?

Hire Technologies's change in receivables for the quarter that ended in Sep. 2022 was $0.48 Mil. It means Hire Technologies's Accounts Receivable declined by $0.48 Mil from Jun. 2022 to Sep. 2022 .

Hire Technologies's change in receivables for the fiscal year that ended in Dec. 2021 was $-1.54 Mil. It means Hire Technologies's Accounts Receivable increased by $1.54 Mil from Dec. 2020 to Dec. 2021 .

Hire Technologies's Accounts Receivable for the quarter that ended in Sep. 2022 was $4.60 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. Hire Technologies's Days Sales Outstanding for the three months ended in Sep. 2022 was 72.73.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hire Technologies's liquidation value for the three months ended in Sep. 2022 was $-17.05 Mil.

Hire Technologies Change In Receivables Historical Data

The historical data trend for Hire Technologies'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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Hire Technologies Change In Receivables Chart

Hire Technologies Annual Data

Trend

Mar18

Mar19

Dec20

Dec21

Change In Receivables

0.26

-1.54

Hire Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Receivables	Get a 7-Day Free Trial														-1.00	0.64	-0.64	-0.41	0.48

Hire Technologies 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.08 Mil.

Hire Technologies (OTCPK:HIRRF) 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.

Hire Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.603	/	5.775	*	91
=	72.73

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

Hire Technologies's liquidation value for the quarter that ended in Sep. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.23	-	20.732	+	0.75 * 4.603	+	0.5 * 0
=	-17.05

Hire Technologies Change In Receivables Related Terms

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Hire Technologies (Hire Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hire Technologies Inc (OTCPK:HIRRF) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

55 Adelaide Street East, Suite 400, Toronto, ON, CAN, M5C 1K6

Website

https://www.hire.company

Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms. The company provides cross-selling opportunities, access to proprietary operational tools, and a scalable, centralized back-office system to support growth. The company considers its operations to consist of a single reportable segment. The segment derives its revenue from the provision of recruitment and related HR services to customers. All operations occur in Canada.