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SilverSun Technologies's change in receivables for the quarter that ended in Dec. 2023 was $-0.20 Mil. It means SilverSun Technologies's Accounts Receivable increased by $0.20 Mil from Sep. 2023 to Dec. 2023 .
SilverSun Technologies's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.58 Mil. It means SilverSun Technologies's Accounts Receivable increased by $0.58 Mil from Dec. 2022 to Dec. 2023 .
SilverSun Technologies's Accounts Receivable for the quarter that ended in Dec. 2023 was $2.97 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. SilverSun Technologies's Days Sales Outstanding for the three months ended in Dec. 2023 was 18.42.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SilverSun Technologies's liquidation value for the three months ended in Dec. 2023 was $-4.65 Mil.
The historical data trend for SilverSun Technologies'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.
SilverSun Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Receivables | Get a 7-Day Free Trial | -0.62 | 1.11 | -0.53 | -0.55 | -0.58 |
SilverSun Technologies Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Change In Receivables | Get a 7-Day Free Trial | - | -0.59 | 0.53 | -0.33 | -0.20 |
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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.58 Mil.
* 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.
SilverSun Technologies (NAS:SSNT) 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.
SilverSun Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 2.969 | / | 14.709 | * | 91 |
= | 18.42 |
2. In Ben Graham's calculation of liquidation value, SilverSun Technologies's accounts receivable are only considered to be worth 75% of book value:
SilverSun Technologies's liquidation value for the quarter that ended in Dec. 2023 is calculated as:
Liquidation Value | |||||||
= | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
= | 6.143 | - | 13.023 | + | 0.75 * 2.969 | + | 0.5 * 0 |
= | -4.65 |
* 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.
Thank you for viewing the detailed overview of SilverSun Technologies's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
Stanley Wunderlich | director | |
John D. Schachtel | director | 979 BATESVILLE ROAD, SUITE B, GREER SC 29651 |
Joseph P Macaluso | director | |
Bitnile Holdings, Inc. | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
Ault Milton C Iii | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
Jeffrey D Roth | 10 percent owner | 202 VIERA DRIVE, CEDAR KNOLLS NJ 07927-2402 |
Christine Elizabeth Dye | officer: Chief Financial Officer | 120 EAGLE ROCK AVE., SUITE 330, EAST HANOVER NJ 07936 |
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John Rudy | director | C/O ADSTAR INC., 4553 GLENCOE AVENUE SUITE 325, MARINA DEL REY CA 90292 |
Mark Meller | director, 10 percent owner, officer: President and CEO | C/O TREY RESOURCES, INC., 293 EISENHOWER PARKWAY, SUITE 250, LIVINGSTON NJ 07039 |
Jerome R Mahoney | director, 10 percent owner, officer: President, Secretary and CEO | C/O VOICE INC, 750 HIGHWAY 34, MATAWAN NJ 07747 |
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