Sollensys (Sollensys) Change In Receivables : $-0.02 Mil (TTM As of Dec. 2022)

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What is Sollensys Change In Receivables?

Sollensys's change in receivables for the quarter that ended in Dec. 2022 was $0.08 Mil. It means Sollensys's Accounts Receivable declined by $0.08 Mil from Sep. 2022 to Dec. 2022 .

Sollensys's change in receivables for the fiscal year that ended in Dec. 2022 was $-0.02 Mil. It means Sollensys's Accounts Receivable increased by $0.02 Mil from Dec. 2021 to Dec. 2022 .

Sollensys's Accounts Receivable for the quarter that ended in Dec. 2022 was $0.29 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sollensys's liquidation value for the three months ended in Dec. 2022 was $-4.74 Mil.

Sollensys Change In Receivables Historical Data

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

Sollensys Annual Data

Trend

Mar12

Mar19

Mar20

Dec21

Dec22

Change In Receivables

-0.02

Sollensys Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Change In Receivables	Get a 7-Day Free Trial															-	-0.19	0.06	0.03	0.08

Sollensys 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 Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

Sollensys (OTCPK:SOLS) 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.

Sollensys's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.287	/	-0.546	*	91
=

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

Sollensys's liquidation value for the quarter that ended in Dec. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.799	-	5.758	+	0.75 * 0.287	+	0.5 * 0.012
=	-4.74

Sollensys Change In Receivables Related Terms

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Sollensys (Sollensys) Business Description

Industry

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Address

1470 Treeland Boulevard Southeast, Palm Bay, FL, USA, 32909

Website

https://www.sollensys.com

Sollensys Corp manufactures the blockchain archive server that maintains a redundant, immutable backup of data. Its blockchain archive server protects client data from ransomware malicious software that infects computers and displays messages.