Niutech Group (NGM:NIUTEC) Change In Receivables : kr7.5 Mil (TTM As of Mar. 2024)

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What is Niutech Group Change In Receivables?

Niutech Group's change in receivables for the quarter that ended in Mar. 2024 was kr7.5 Mil. It means Niutech Group's Accounts Receivable declined by kr7.5 Mil from Dec. 2023 to Mar. 2024 .

Niutech Group's change in receivables for the fiscal year that ended in Dec. 2023 was kr8.4 Mil. It means Niutech Group's Accounts Receivable declined by kr8.4 Mil from Dec. 2022 to Dec. 2023 .

Niutech Group's Accounts Receivable for the quarter that ended in Mar. 2024 was kr39.9 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. Niutech Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 40.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Niutech Group's liquidation value for the three months ended in Mar. 2024 was kr-104.5 Mil.

Niutech Group Change In Receivables Historical Data

The historical data trend for Niutech Group'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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Niutech Group Change In Receivables Chart

Niutech Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-9.92

-23.51

8.45

Niutech Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial									2.72	-	-	-	7.54

Niutech Group 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 kr7.5 Mil.

Niutech Group (NGM:NIUTEC) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	39.903	/	90.816	*	91
=	40.09

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

Niutech Group'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)
=	3.385	-	158.534	+	0.75 * 39.903	+	0.5 * 41.409
=	-104.5

Niutech Group Change In Receivables Related Terms

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Niutech Group (NGM:NIUTEC) Business Description

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Skjutbanevagen 11, Orebro, SWE, 703 69

Website

https://www.sun4energy.se

Sun4Energy Group AB is engaged in designing, installing, and commissioning solar cell systems and electric car chargers, both AC and DC chargers for private individuals, companies, and municipalities. The company's goal is to contribute solutions that accelerate the transition to efficient and fossil-free energy solutions.

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