Tecsys (Tecsys) Change In Receivables : $2.4 Mil (TTM As of Jan. 2024)

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What is Tecsys Change In Receivables?

Tecsys's change in receivables for the quarter that ended in Jan. 2024 was $-0.6 Mil. It means Tecsys's Accounts Receivable increased by $0.6 Mil from Oct. 2023 to Jan. 2024 .

Tecsys's change in receivables for the fiscal year that ended in Apr. 2023 was $-4.5 Mil. It means Tecsys's Accounts Receivable increased by $4.5 Mil from Apr. 2022 to Apr. 2023 .

Tecsys's Accounts Receivable for the quarter that ended in Jan. 2024 was $18.5 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. Tecsys's Days Sales Outstanding for the three months ended in Jan. 2024 was 51.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tecsys's liquidation value for the three months ended in Jan. 2024 was $-1.2 Mil.

Tecsys Change In Receivables Historical Data

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

Tecsys Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Receivables

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1.23

-2.60

0.89

-0.36

-4.51

Tecsys Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															-2.75	3.23	-2.39	2.20	-0.62

Tecsys 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.4 Mil.

Tecsys (OTCPK:TCYSF) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.455	/	32.648	*	91
=	51.58

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

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	24.741	-	41.722	+	0.75 * 18.455	+	0.5 * 3.942
=	-1.2

Tecsys Change In Receivables Related Terms

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Tecsys (Tecsys) Business Description

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TCS:Canada

Address

1 Place Alexis Nihon, Suite 800, Montreal, QC, CAN, H3Z 3B8

Website

https://www.tecsys.com

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of its revenue from the United States and also has a presence in Canada and Other Countries. Its only operating segment is the development and marketing of enterprise-wide distribution software and related services.