INVX (Innovex International) Change In Receivables : $-11.4 Mil (TTM As of Sep. 2023)

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What is Innovex International Change In Receivables?

Innovex International's change in receivables for the quarter that ended in Sep. 2023 was $0.0 Mil. It means Innovex International's Accounts Receivable stayed the same from Dec. 2022 to Sep. 2023 .

Innovex International's change in receivables for the fiscal year that ended in Dec. 2022 was $-37.6 Mil. It means Innovex International's Accounts Receivable increased by $37.6 Mil from Dec. 2021 to Dec. 2022 .

Innovex International's Accounts Receivable for the quarter that ended in Sep. 2023 was $128.1 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Innovex International's liquidation value for the three months ended in Sep. 2023 was $-4.6 Mil.

Innovex International Change In Receivables Historical Data

The historical data trend for Innovex International'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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Innovex International Change In Receivables Chart

Innovex International Annual Data

Trend

Dec21

Dec22

Change In Receivables

-27.11

-37.57

Innovex International Quarterly Data
	Dec21	Sep22	Dec22	Sep23
Change In Receivables	-	-	-11.42	-

Innovex International 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.4 Mil.

Innovex International (NYSE:INVX) 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.

Innovex International's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	128.085	/	0	*	91
=

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

Innovex International's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8.307	-	179.034	+	0.75 * 128.085	+	0.5 * 140.155
=	-4.6

Innovex International Change In Receivables Related Terms

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Innovex International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Innovex International Inc (NYSE:INVX) » Definitions » Change In Receivables

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Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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