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Tactile Systems Technology's change in receivables for the quarter that ended in Jun. 2024 was $1.0 Mil. It means Tactile Systems Technology's Accounts Receivable declined by $1.0 Mil from Mar. 2024 to Jun. 2024 .
Tactile Systems Technology's change in receivables for the fiscal year that ended in Dec. 2023 was $23.8 Mil. It means Tactile Systems Technology's Accounts Receivable declined by $23.8 Mil from Dec. 2022 to Dec. 2023 .
Tactile Systems Technology's Accounts Receivable for the quarter that ended in Jun. 2024 was $41.9 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. Tactile Systems Technology's Days Sales Outstanding for the three months ended in Jun. 2024 was 52.26.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tactile Systems Technology's liquidation value for the three months ended in Jun. 2024 was $49.9 Mil.
The historical data trend for Tactile Systems Technology'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.
Tactile Systems Technology Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Receivables | Get a 7-Day Free Trial | -11.41 | -15.65 | -9.04 | -15.56 | 23.78 |
Tactile Systems Technology Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Change In Receivables | Get a 7-Day Free Trial | 9.02 | 3.47 | 4.41 | 6.67 | 1.00 |
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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $15.5 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.
Tactile Systems Technology (NAS:TCMD) 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.
Tactile Systems Technology's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 41.935 | / | 73.218 | * | 91 |
= | 52.26 |
2. In Ben Graham's calculation of liquidation value, Tactile Systems Technology's accounts receivable are only considered to be worth 75% of book value:
Tactile Systems Technology's liquidation value for the quarter that ended in Jun. 2024 is calculated as:
Liquidation Value | |||||||
= | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
= | 87.169 | - | 78.108 | + | 0.75 * 41.935 | + | 0.5 * 18.846 |
= | 49.9 |
* 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 Tactile Systems Technology's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
Boyd Vindell Washington | director | 1331 TYLER STREET NE, STE 200, MINNEAPOLIS MN 55413 |
Daniel L. Reuvers | director, officer: President and CEO | INTEGRA LIFESCIENCES CORPORATION, 311 ENTERPRISE DRIVE, PLAINSBORO NJ 08536 |
Sherri Lee Ferstler | officer: Senior VP, Sales | 1331 TYLER STREET NE, STE 200, MINNEAPOLIS MN 55413 |
William W Burke | director | 3868 MOCKINGBIRD LN, DALLAS TX 75205 |
Kristie Burns | officer: Sr. VP Mktg & Clinical Affairs | 3701 WAYZATA BLVD, MINNEAPOLIS MN 55416 |
Eric Pauls | officer: Senior VP, Sales | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
Elaine M. Birkemeyer | officer: Chief Financial Officer | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
Brent Moen | officer: Chief Financial Officer | 3600 HOLLY LANE NORTH, SUITE 40, PLYMOUTH MN 55447 |
Carmen B Volkart | director | C/O MODULAR MEDICAL, INC., 16772 WEST BERNARDO DRIVE, SAN DIEGO CA 92127 |
Valerie L. Asbury | director | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
David Brent Shafer | director | 2800 ROCKCREEK PARKWAY, NORTH KANSAS CITY MO 64117 |
Bryan Rishe | officer: Vice President, Sales | 1331 TYLER STREET NE, SUITE 200, MINNEAPOLIS MN 55413 |
Deepti Jain | director | 3701 WAYZATA BLVD, MINNEAPOLIS MN 55416 |
Sheri Louise Dodd | director | 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS MN 55416 |
Gerald R. Mattys | director, officer: Chief Executive Officer | 1331 TYLER STREET NE, SUITE 200, MINNEAPOLIS MN 55413 |
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