Tan Delta Systems (LSE:TAND) Change In Receivables : £-0.04 Mil (TTM As of Dec. 2023)

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What is Tan Delta Systems Change In Receivables?

Tan Delta Systems's change in receivables for the quarter that ended in Dec. 2023 was £0.00 Mil. It means Tan Delta Systems's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Tan Delta Systems's change in receivables for the fiscal year that ended in Dec. 2023 was £0.05 Mil. It means Tan Delta Systems's Accounts Receivable declined by £0.05 Mil from Dec. 2022 to Dec. 2023 .

Tan Delta Systems's Accounts Receivable for the quarter that ended in Dec. 2023 was £0.14 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. Tan Delta Systems's liquidation value for the six months ended in Dec. 2023 was £4.28 Mil.

Tan Delta Systems Change In Receivables Historical Data

The historical data trend for Tan Delta Systems'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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Tan Delta Systems Change In Receivables Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.08

-0.06

-0.05

0.05

Tan Delta Systems Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial			-	0.04	-0.09	0.04	-

Tan Delta Systems 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.04 Mil.

Tan Delta Systems (LSE:TAND) 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.

Tan Delta Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.144	/	0	*	91
=

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

Tan Delta Systems's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.555	-	0.565	+	0.75 * 0.144	+	0.5 * 0.365
=	4.28

Tan Delta Systems Change In Receivables Related Terms

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Tan Delta Systems (LSE:TAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (LSE:TAND) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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