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TMGEF (Thermal Energy International) Change In Receivables : $-1.03 Mil (TTM As of Aug. 2024)


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What is Thermal Energy International Change In Receivables?

Thermal Energy International's change in receivables for the quarter that ended in Aug. 2024 was $-0.64 Mil. It means Thermal Energy International's Accounts Receivable increased by $0.64 Mil from May. 2024 to Aug. 2024 .

Thermal Energy International's change in receivables for the fiscal year that ended in May. 2024 was $1.36 Mil. It means Thermal Energy International's Accounts Receivable declined by $1.36 Mil from May. 2023 to May. 2024 .

Thermal Energy International's Accounts Receivable for the quarter that ended in Aug. 2024 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. Thermal Energy International's Days Sales Outstanding for the three months ended in Aug. 2024 was 43.74.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thermal Energy International's liquidation value for the three months ended in Aug. 2024 was $-1.82 Mil.

Thermal Energy International Change In Receivables Historical Data

The historical data trend for Thermal Energy International'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.

* Premium members only.

Thermal Energy International Change In Receivables Chart

Thermal Energy International Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 -0.81 0.05 -2.28 1.36

Thermal Energy International Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 1.74 -1.75 0.95 0.41 -0.64

Thermal Energy International 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.03 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.

Thermal Energy International  (OTCPK:TMGEF) 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.

Thermal Energy International's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.973/6.202*91
=43.74

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

Thermal Energy International's liquidation value for the quarter that ended in Aug. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=3.697-8.341+0.75 * 2.973+0.5 * 1.181
=-1.82

* 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.

Thermal Energy International Change In Receivables Related Terms

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Thermal Energy International Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermal Energy International Inc (OTCPK:TMGEF) » Definitions » Change In Receivables
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Traded in Other Exchanges
EUW:Germany TMG:Canada
Address
36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5
Website
https://www.thermalenergy.com
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.