I-Remit (PHS:I) Change In Receivables : ₱42.02 Mil (TTM As of Sep. 2024)

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What is I-Remit Change In Receivables?

I-Remit's change in receivables for the quarter that ended in Sep. 2024 was ₱-53.78 Mil. It means I-Remit's Accounts Receivable increased by ₱53.78 Mil from Jun. 2024 to Sep. 2024 .

I-Remit's change in receivables for the fiscal year that ended in Dec. 2023 was ₱-640.75 Mil. It means I-Remit's Accounts Receivable increased by ₱640.75 Mil from Dec. 2022 to Dec. 2023 .

I-Remit's Accounts Receivable for the quarter that ended in Sep. 2024 was ₱958.22 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. I-Remit's Days Sales Outstanding for the three months ended in Sep. 2024 was 9,614.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. I-Remit's liquidation value for the three months ended in Sep. 2024 was ₱-727.67 Mil.

I-Remit Change In Receivables Historical Data

The historical data trend for I-Remit'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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I-Remit Change In Receivables Chart

I-Remit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-268.06

803.90

-68.09

-270.75

-640.75

I-Remit Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															1.87	-265.59	361.68	-0.29	-53.78

I-Remit 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱42.02 Mil.

I-Remit (PHS:I) 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.

I-Remit's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	958.215	/	9.094	*	91
=	9,614.81

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

I-Remit's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	350.194	-	1796.527	+	0.75 * 958.215	+	0.5 * 0
=	-727.67

I-Remit Change In Receivables Related Terms

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I-Remit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » I-Remit Inc (PHS:I) » Definitions » Change In Receivables

Comparable Companies

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Address

No. 25 ADB Avenue, 26th Floor, Discovery Centre, Ortigas Center, Metro Manila, Pasig, QUE, PHL, 1605

Website

https://www.iremitx.com

I-Remit Inc is a Philippine-based firm. The company with its subsidiaries provides fund transfer and remittance services to overseas Filipino workers and other migrant workers. It offers the bank-to-bank facility for online crediting to a bank account, delivers cash remittances to designated beneficiaries, and provides a visa card, a debit, and an automated teller machine card for sending money to their beneficiaries. The company operates in four geographical segments namely, the Philippines which contributes a majority of revenue, Asia Pacific, North America, and Europe segment.

I-Remit Headlines

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