Movement Industries (Movement Industries) Change In Receivables : $-0.06 Mil (TTM As of Jun. 2023)

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What is Movement Industries Change In Receivables?

Movement Industries's change in receivables for the quarter that ended in Jun. 2023 was $-0.06 Mil. It means Movement Industries's Accounts Receivable increased by $0.06 Mil from Jun. 2022 to Jun. 2023 .

Movement Industries's change in receivables for the fiscal year that ended in Jun. 2023 was $-0.06 Mil. It means Movement Industries's Accounts Receivable increased by $0.06 Mil from Jun. 2022 to Jun. 2023 .

Movement Industries's Accounts Receivable for the quarter that ended in Jun. 2023 was $0.64 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. Movement Industries's Days Sales Outstanding for the six months ended in Jun. 2023 was 133.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Movement Industries's liquidation value for the six months ended in Jun. 2023 was $-1.84 Mil.

Movement Industries Change In Receivables Historical Data

The historical data trend for Movement Industries'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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Movement Industries Change In Receivables Chart

Movement Industries Annual Data

Trend

Jun22

Jun23

Change In Receivables

-0.48

-0.06

Movement Industries Semi-Annual Data
	Jun22	Jun23
Change In Receivables	-0.48	-0.06

Movement Industries 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.06 Mil.

Movement Industries (OTCPK:MVNT) 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.

Movement Industries's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.635	/	0.868	*	91
=	133.51

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

Movement Industries's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.004	-	2.369	+	0.75 * 0.635	+	0.5 * 0.096
=	-1.84

Movement Industries Change In Receivables Related Terms

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Movement Industries (Movement Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

6829 Flintlock Road, Houston, TX, USA, 77040

Website

https://www.mvmnt.in

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.