ShiftPixy (STU:19U0) Change In Receivables : €0.98 Mil (TTM As of May. 2024)

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What is ShiftPixy Change In Receivables?

ShiftPixy's change in receivables for the quarter that ended in May. 2024 was €0.18 Mil. It means ShiftPixy's Accounts Receivable declined by €0.18 Mil from Feb. 2024 to May. 2024 .

ShiftPixy's change in receivables for the fiscal year that ended in Aug. 2023 was €-0.16 Mil. It means ShiftPixy's Accounts Receivable increased by €0.16 Mil from Aug. 2022 to Aug. 2023 .

ShiftPixy's Accounts Receivable for the quarter that ended in May. 2024 was €0.58 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. ShiftPixy's Days Sales Outstanding for the three months ended in May. 2024 was 13.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ShiftPixy's liquidation value for the three months ended in May. 2024 was €-57.17 Mil.

ShiftPixy Change In Receivables Historical Data

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

ShiftPixy Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

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-0.79

-0.94

-0.57

0.84

-0.16

ShiftPixy Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Change In Receivables	Get a 7-Day Free Trial															0.30	0.03	0.23	0.55	0.18

ShiftPixy 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.98 Mil.

ShiftPixy (STU:19U0) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.583	/	3.824	*	91
=	13.91

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

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.333	-	57.939	+	0.75 * 0.583	+	0.5 * 0
=	-57.17

ShiftPixy Change In Receivables Related Terms

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ShiftPixy Business Description

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PIXY:USA

Address

4101 NW 25th Street, Miami, FL, USA, 33131

Website

https://www.shiftpixy.com

ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.

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