Snipp Interactive (Snipp Interactive) Change In Receivables : $0.05 Mil (TTM As of Mar. 2024)

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What is Snipp Interactive Change In Receivables?

Snipp Interactive's change in receivables for the quarter that ended in Mar. 2024 was $-0.18 Mil. It means Snipp Interactive's Accounts Receivable increased by $0.18 Mil from Dec. 2023 to Mar. 2024 .

Snipp Interactive's change in receivables for the fiscal year that ended in Dec. 2023 was $0.44 Mil. It means Snipp Interactive's Accounts Receivable declined by $0.44 Mil from Dec. 2022 to Dec. 2023 .

Snipp Interactive's Accounts Receivable for the quarter that ended in Mar. 2024 was $2.26 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. Snipp Interactive's Days Sales Outstanding for the three months ended in Mar. 2024 was 44.18.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Snipp Interactive's liquidation value for the three months ended in Mar. 2024 was $-3.32 Mil.

Snipp Interactive Change In Receivables Historical Data

The historical data trend for Snipp Interactive'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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Snipp Interactive Change In Receivables Chart

Snipp Interactive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.30

0.84

-0.58

-1.17

0.44

Snipp Interactive Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															0.21	-0.96	0.06	1.13	-0.18

Snipp Interactive 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 $0.05 Mil.

Snipp Interactive (OTCPK:SNIPF) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.256	/	4.66	*	91
=	44.18

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

Snipp Interactive'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)
=	4.176	-	9.183	+	0.75 * 2.256	+	0.5 * 0
=	-3.32

Snipp Interactive Change In Receivables Related Terms

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Snipp Interactive (Snipp Interactive) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Snipp Interactive Inc (OTCPK:SNIPF) » Definitions » Change In Receivables

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SPN:Canada

Address

666 Burrard Street, Suite 1700, Vancouver, BC, CAN, V6C 2X8

Website

https://www.snipp.com

Snipp Interactive Inc a loyalty and promotions technology company develops and sells mobile-based promotions software applications and associated campaign services. The company provides its products in a range of solution sets, which include Purchase Promotions and Receipt Processing; Loyalty Programs; Mobile Promotions and Contests; Reward Solutions; Rebate Solutions, and Data Analytics. It offers software applications, which allow advertising agencies, brands, and media to engage and interact with customers. Geographically it operates through in several cities in the United States, and international operations in Canada, India, and Ireland. It derived the majority of its revenues from the United States.