SRCO (Sparta Commercial Services) Change In Receivables : $-0.22 Mil (TTM As of Jul. 2024)

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What is Sparta Commercial Services Change In Receivables?

Sparta Commercial Services's change in receivables for the quarter that ended in Jul. 2024 was $-0.21 Mil. It means Sparta Commercial Services's Accounts Receivable increased by $0.21 Mil from Apr. 2024 to Jul. 2024 .

Sparta Commercial Services's change in receivables for the fiscal year that ended in Apr. 2024 was $-0.01 Mil. It means Sparta Commercial Services's Accounts Receivable increased by $0.01 Mil from Apr. 2023 to Apr. 2024 .

Sparta Commercial Services's Accounts Receivable for the quarter that ended in Jul. 2024 was $0.01 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. Sparta Commercial Services's Days Sales Outstanding for the three months ended in Jul. 2024 was 15.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sparta Commercial Services's liquidation value for the three months ended in Jul. 2024 was $-10.30 Mil.

Sparta Commercial Services Change In Receivables Historical Data

The historical data trend for Sparta Commercial Services'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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Sparta Commercial Services Change In Receivables Chart

Sparta Commercial Services Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Change In Receivables

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-0.02

-0.01

Sparta Commercial Services Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-0.21

Sparta Commercial Services 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.22 Mil.

Sparta Commercial Services (OTCPK:SRCO) 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.

Sparta Commercial Services's Days Sales Outstanding for the quarter that ended in Jul. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.007	/	0.042	*	91
=	15.21

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

Sparta Commercial Services's liquidation value for the quarter that ended in Jul. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.136	-	10.445	+	0.75 * 0.007	+	0.5 * 0.004
=	-10.30

Sparta Commercial Services Change In Receivables Related Terms

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Sparta Commercial Services Business Description

Industry

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Address

555 Fifth Avenue, 14th Floor, New York, NY, USA, 10017

Website

https://www.spartacommercial.com

Sparta Commercial Services Inc through its subsidiaries offers technology products and services. The company develops, manages, and markets its business mobile applications for smartphones and tablets. Its mobile application offerings range from racetracks, private clubs, country clubs, restaurants, and grocery stores. The company serves small and medium-size businesses under the tradename iMobileApp. It generates maximum revenue from the application source.

Executives

Jeffrey Buchanan Bean	director	325 COTTON AVENUE, MACON GA 31201
Anthony L Havens	director, officer: CEO	555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Sandra L Ahman	director, officer: VP	555 FIFTH AVE, 14TH FLOOR, NEW YORK NY 10017
Kristian Srb	director, 10 percent owner	555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Richard P Trotter	officer: COO	370 LEXINGTON AVE., SUITE 1901, NEW YORK NY 10017
Anthony William Adler	officer: EVP	462 SEVENTH AVENUE, 20TH FLOOR, NEW YORK NY 10018
Leo Long	other: 8.85% OWNER	9109 LORIET BLVD., LENEXA KS 66219
Glenn Little	other: 5% Owner	211 WEST WALL ST, MIDLAND TX 70701
Michael J Mele	officer: Chief Financial Officer	462 SEVENTH AVE, 20TH FL., C/O SPARTA COMMERCIAL SERVICES, INC., NEW YORK NY 10018
Danny Lanjewar	officer: Chief Financial Officer