TBLT (ToughBuilt Industries) Change In Receivables: $2.08 Mil (TTM As of Dec. 2023)

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TBLT ToughBuilt Industries Inc TBLT
12 GF Score
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What is ToughBuilt Industries Change In Receivables?

ToughBuilt Industries TBLT 12 Change In Receivables is $2.08 Mil as of Dec. 2023. GuruFocus rates TBLT with a GF Score™ of 12/100.

ToughBuilt Industries's change in receivables for the quarter that ended in Dec. 2023 was $-2.79 Mil. It means ToughBuilt Industries's Accounts Receivable increased by $2.79 Mil from Sep. 2023 to Dec. 2023 .

ToughBuilt Industries's change in receivables for the fiscal year that ended in Dec. 2023 was $2.08 Mil. It means ToughBuilt Industries's Accounts Receivable declined by $2.08 Mil from Dec. 2022 to Dec. 2023 .

ToughBuilt Industries's Accounts Receivable for the quarter that ended in Dec. 2023 was $10.24 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. ToughBuilt Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 56.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ToughBuilt Industries's liquidation value for the three months ended in Dec. 2023 was $-41.71 Mil.

ToughBuilt Industries  (OTCPK:TBLT) 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.

ToughBuilt Industries's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=10.24/16.549*91
=56.46

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

ToughBuilt Industries'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)
=1.153-61.511+0.75 * 10.24+0.5 * 21.942
=-41.71

* 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.

ToughBuilt Industries Change In Receivables Related Terms

ToughBuilt Industries Change In Receivables Historical Data

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The historical data trend for ToughBuilt Industries'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.

ToughBuilt Industries Change In Receivables Chart

ToughBuilt Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial 0.28 -9.10 -6.84 -1.55 2.08

ToughBuilt Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.67 4.34 3.35 -2.82 -2.79
TBLT
12GF Score
ToughBuilt Industries Inc TBLT
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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ToughBuilt Industries 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.08 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $2.08 Mil mean?
ToughBuilt Industries (TBLT) has a Change In Receivables of $2.08 Mil as of Dec. 2023. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for ToughBuilt Industries and its competitors.
Is ToughBuilt Industries' Change In Receivables too high?
ToughBuilt Industries' current Change In Receivables is $2.08 Mil. Overall, ToughBuilt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does ToughBuilt Industries' Change In Receivables compare to CVR and SNA?
ToughBuilt Industries' Change In Receivables of $2.08 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for an Industrial Products company?
A good Change In Receivables depends on the Industrial Products industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for ToughBuilt Industries and its competitors. ToughBuilt Industries's current Change In Receivables is $2.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ToughBuilt Industries stock overvalued right now?
ToughBuilt Industries (TBLT) has a current Change In Receivables of $2.08 Mil. The current Change In Receivables is $2.08 Mil. ToughBuilt Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For ToughBuilt Industries (TBLT), the current Change In Receivables is $2.08 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ToughBuilt Industries Business Description

Address 8669 Research Drive, Irvine, CA, USA, 92618
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its primary categories contain a total of approximately 22 product lines, consisting of Soft Goods, which include kneepads, tool bags, pouches, and tool belts; Metal Goods, which consist of sawhorses, tool stands, and workbench and; Utility Products, which include utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.
12GF Score

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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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