Procurri (SGX:BVQ) Change In Receivables : S$2.5 Mil (TTM As of Jun. 2024)

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What is Procurri Change In Receivables?

Procurri's change in receivables for the quarter that ended in Jun. 2024 was S$-0.7 Mil. It means Procurri's Accounts Receivable increased by S$0.7 Mil from Dec. 2023 to Jun. 2024 .

Procurri's change in receivables for the fiscal year that ended in Dec. 2023 was S$2.7 Mil. It means Procurri's Accounts Receivable declined by S$2.7 Mil from Dec. 2022 to Dec. 2023 .

Procurri's Accounts Receivable for the quarter that ended in Jun. 2024 was S$33.6 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. Procurri's Days Sales Outstanding for the six months ended in Jun. 2024 was 63.80.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Procurri's liquidation value for the six months ended in Jun. 2024 was S$-6.7 Mil.

Procurri Change In Receivables Historical Data

The historical data trend for Procurri'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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Procurri Change In Receivables Chart

Procurri Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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1.30

17.07

-16.79

11.28

2.66

Procurri Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial															4.88	6.40	-0.56	3.21	-0.68

Procurri 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$2.5 Mil.

Procurri (SGX:BVQ) 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.

Procurri's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	33.598	/	96.108	*	91
=	63.80

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

Procurri's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	33.457	-	74.555	+	0.75 * 33.598	+	0.5 * 18.35
=	-6.7

Procurri Change In Receivables Related Terms

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Procurri Business Description

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Address

29 Tai Seng Avenue, No. 02-01, Natural Cool Lifestyle Hub, Singapore, SGP, 534119

Website

https://www.procurri.com

Procurri Corp Ltd is an independent provider of IT lifecycle services and data centre equipment. It operates in the Hardware, Lifecycle Services and IT Asset Disposition; and Third Party Maintenance segments. The Hardware, Lifecycle Services segment which accounts for the majority of revenue resells hardware products such as pre-owned servers, storage, and networking equipment, and provides supply chain management. The Third Party Maintenance segment is the rendering of information technology maintenance services for a variety of (IT) systems and networks; hardware as a service on a transaction-based pricing model as well as sales of maintenance parts tied to systems on the renewable contract and professional services tied to systems on the renewable contracts.

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