Q-Free ASA (Q-Free ASA) Change In Receivables : $-1.2 Mil (TTM As of Sep. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Q-Free ASA Change In Receivables?

Q-Free ASA's change in receivables for the quarter that ended in Sep. 2023 was $2.7 Mil. It means Q-Free ASA's Accounts Receivable declined by $2.7 Mil from Jun. 2023 to Sep. 2023 .

Q-Free ASA's change in receivables for the fiscal year that ended in Dec. 2022 was $-6.2 Mil. It means Q-Free ASA's Accounts Receivable increased by $6.2 Mil from Dec. 2021 to Dec. 2022 .

Q-Free ASA's Accounts Receivable for the quarter that ended in Sep. 2023 was $19.3 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. Q-Free ASA's Days Sales Outstanding for the three months ended in Sep. 2023 was 62.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Q-Free ASA's liquidation value for the three months ended in Sep. 2023 was $-26.8 Mil.

Q-Free ASA Change In Receivables Historical Data

The historical data trend for Q-Free ASA'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.

* Premium members only.

Q-Free ASA Change In Receivables Chart

Q-Free ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

Get a 7-Day Free Trial

13.27

-0.69

1.27

-0.11

-6.24

Q-Free ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-2.47	-4.54	1.89	-1.28	2.70

Q-Free ASA 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.2 Mil.

Q-Free ASA (OTCPK:QFREF) 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.

Q-Free ASA's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19.334	/	28.433	*	91
=	62.05

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

Q-Free ASA's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.734	-	51.948	+	0.75 * 19.334	+	0.5 * 9.916
=	-26.8

Q-Free ASA Change In Receivables Related Terms

Thank you for viewing the detailed overview of Q-Free ASA's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Q-Free ASA (Q-Free ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Q-Free ASA (OTCPK:QFREF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Strindfjordvegen 1, Ranheim, NOR, 7053

Website

https://www.q-free.com

Q-Free ASA is engaged in the business of supplying products and solutions within Road User Charging (RUC) and Advanced Transportation Management Systems (ATMs). The company has three segments, namely Tolling, Traffic Management, and Assets held for sale. The majority of its revenue comes from the Tolling segment. Its Tolling solutions include Electronic Multi-Lane Free-Flow Toll Collection, Congestion Charging & Low-Emission Zones, Road User Charging, Enforcement, and Truck & Ferry Tolling. Its geographical segments are Europe, APMEA (Asia Pacific/Middle East/Africa), and the Americas.

Q-Free ASA (Q-Free ASA) Headlines

No Headlines