HeartCore Enterprises (HeartCore Enterprises) Change In Receivables : $-0.79 Mil (TTM As of Mar. 2024)

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What is HeartCore Enterprises Change In Receivables?

HeartCore Enterprises's change in receivables for the quarter that ended in Mar. 2024 was $-0.52 Mil. It means HeartCore Enterprises's Accounts Receivable increased by $0.52 Mil from Dec. 2023 to Mar. 2024 .

HeartCore Enterprises's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.34 Mil. It means HeartCore Enterprises's Accounts Receivable increased by $0.34 Mil from Dec. 2022 to Dec. 2023 .

HeartCore Enterprises's Accounts Receivable for the quarter that ended in Mar. 2024 was $3.09 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. HeartCore Enterprises's Days Sales Outstanding for the three months ended in Mar. 2024 was 55.80.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. HeartCore Enterprises's liquidation value for the three months ended in Mar. 2024 was $-12.03 Mil.

HeartCore Enterprises Change In Receivables Historical Data

The historical data trend for HeartCore Enterprises'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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HeartCore Enterprises Change In Receivables Chart

HeartCore Enterprises Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

0.15

0.24

-0.34

0.30

-0.34

HeartCore Enterprises Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial											-0.07	-0.53	0.27	-0.02	-0.52

HeartCore Enterprises 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 $-0.79 Mil.

HeartCore Enterprises (NAS:HTCR) 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.

HeartCore Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.086	/	5.047	*	91
=	55.80

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

HeartCore Enterprises'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)
=	1.628	-	15.972	+	0.75 * 3.086	+	0.5 * 0
=	-12.03

HeartCore Enterprises Change In Receivables Related Terms

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HeartCore Enterprises (HeartCore Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HeartCore Enterprises Inc (NAS:HTCR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-33, Higashigotanda, Shinagawa-ku, Tokyo, JPN

Website

https://www.heartcore.co.jp

HeartCore Enterprises Inc is a software development company. It provides software through two business units. The first business unit includes a customer experience management business that has been in existence for 12 years. The customer experience management platform includes marketing, sales, service and content management systems, as well as other tools and integrations, that enable companies to attract and engage customers throughout the customer experience. It also provides education, services and support to help customers be successful with CXM Platform.

Executives

Keisuke Kuno	officer: CX Division Vice President	2-10-1 HORINOUCHI, HACHIOJI-SHI, TOKYO M0 192-0355
Kimio Hosaka	director, officer: Chief Operating Officer	2-16-2-312 OSHIAGE, SUMIDA-KU, TOKYO M0 131-0045
Sumitaka Yamamoto	director, 10 percent owner, officer: Chairman,CEO & President	848 JORDAN AVE. #G, LOS ALTOS CA 94022
Ferdinand Groenewald	director	C/O MUSCLE MAKER, INC,, 2200 SPACE PARK DRIVE,SUITE 310, HOUSTON TX 77058
Qizhi Gao	officer: Chief Financial Officer	1-8-17-302, SHITTE, TSURUMI-KU, YOKOHAMA-SHI, KANAGAWA M0 230-0003
Hidekazu Miyata	officer: Chief Technical Officer	4-6-6-1106, KONAN, MINATO-KU, TOKYO M0 108-0075
Yuta Katai	director	1-14-604 SUIDOUCHO,SHINJYUKU-KU, TOKYO M0 162-0811
Takeshi Omoto	director	1-16-5 HIG A SHIG A OK A , MEGURO-KU, TOKYO M0 152-0021
Yoshitomo Yamano	director	3-12-22-301, SENDAGAYA, SHIBUYA-KU, TOKYO M0 151-0051
Yuki Tan	director	2-14-8, AZAMINOMINAMI, AOBA-KU, YOKOHAMA-SHI, KANGAWA M0 225-0012