IONM (Assure Holdings) Change In Receivables: $6.44 Mil (TTM As of Jun. 2024)


IONM Assure Holdings Corp IONM
12 GF Score
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What is Assure Holdings Change In Receivables?

Assure Holdings IONM 12 Change In Receivables is $6.44 Mil as of Jun. 2024. GuruFocus rates IONM with a GF Score™ of 12/100.

Assure Holdings's change in receivables for the quarter that ended in Jun. 2024 was $-1.24 Mil. It means Assure Holdings's Accounts Receivable increased by $1.24 Mil from Mar. 2024 to Jun. 2024 .

Assure Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $12.19 Mil. It means Assure Holdings's Accounts Receivable declined by $12.19 Mil from Dec. 2022 to Dec. 2023 .

Assure Holdings's Accounts Receivable for the quarter that ended in Jun. 2024 was $3.30 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. Assure Holdings's Days Sales Outstanding for the three months ended in Jun. 2024 was 301,216.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Assure Holdings's liquidation value for the three months ended in Jun. 2024 was $-21.40 Mil.

Assure Holdings  (OTCPK:IONM) 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.

Assure Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.301/0.001*91
=301,216.25

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

Assure Holdings's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.045-23.92+0.75 * 3.301+0.5 * 0
=-21.40

* 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.

Assure Holdings Change In Receivables Related Terms

Assure Holdings Change In Receivables Historical Data

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The historical data trend for Assure Holdings'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.

Assure Holdings Change In Receivables Chart

Assure Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.78 13.33 -11.92 12.35 12.19

Assure Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 3.80 3.42 2.72 1.54 -1.24
IONM
12GF Score
Assure Holdings Corp IONM
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Assure Holdings 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.44 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 $6.44 Mil mean?
Assure Holdings (IONM) has a Change In Receivables of $6.44 Mil as of Jun. 2024. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Assure Holdings and its competitors.
Is Assure Holdings' Change In Receivables too high?
Assure Holdings' current Change In Receivables is $6.44 Mil. Overall, Assure Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Assure Holdings' Change In Receivables compare to NHLG and HCA?
Assure Holdings' Change In Receivables of $6.44 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Change In Receivables depends on the Healthcare Providers & Services 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 Assure Holdings and its competitors. Assure Holdings's current Change In Receivables is $6.44 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Assure Holdings stock overvalued right now?
Assure Holdings (IONM) has a current Change In Receivables of $6.44 Mil. The current Change In Receivables is $6.44 Mil. Assure Holdings' overall GF Score™ is 12/100. 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 Assure Holdings (IONM), the current Change In Receivables is $6.44 Mil as of Jun. 2024. 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.

Assure Holdings Business Description

Address 7887 East Belleview Avenue, Suite 240, Denver, CO, USA, 80111
Assure Holdings Corp provides technical and professional intraoperative neuromonitoring (IONM) surgical support services for neurosurgery, spine, cardiovascular, orthopedic, ear, nose, and throat, and other surgical procedures that place the nervous system at risk.
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