TORM (TOR Minerals International) Change In Receivables: $-0.60 Mil (TTM As of Dec. 2017)

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TORM TOR Minerals International Inc TORM
12 GF Score
Price $2.15
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What is TOR Minerals International Change In Receivables?

TOR Minerals International TORM -1.83% 12 Change In Receivables is $-0.60 Mil as of Dec. 2017. GuruFocus rates TORM with a GF Score™ of 12/100.

TOR Minerals International's change in receivables for the quarter that ended in Dec. 2017 was $-0.60 Mil. It means TOR Minerals International's Accounts Receivable increased by $0.60 Mil from Dec. 2016 to Dec. 2017 .

TOR Minerals International's change in receivables for the fiscal year that ended in Dec. 2017 was $-0.60 Mil. It means TOR Minerals International's Accounts Receivable increased by $0.60 Mil from Dec. 2016 to Dec. 2017 .

TOR Minerals International's Accounts Receivable for the quarter that ended in Dec. 2017 was $4.32 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. TOR Minerals International's Days Sales Outstanding for the six months ended in Dec. 2017 was 20.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TOR Minerals International's liquidation value for the six months ended in Dec. 2017 was $3.94 Mil.

TOR Minerals International  (OTCPK:TORM) 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.

TOR Minerals International's Days Sales Outstanding for the quarter that ended in Dec. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.323/38.966*91
=20.25

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

TOR Minerals International's liquidation value for the quarter that ended in Dec. 2017 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=3.609-7.477+0.75 * 4.323+0.5 * 9.136
=3.94

* 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.

TOR Minerals International Change In Receivables Related Terms

TOR Minerals International Change In Receivables Historical Data

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The historical data trend for TOR Minerals 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.

TOR Minerals International Change In Receivables Chart

TOR Minerals International Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.53 -0.56 0.86 0.18 -0.60

TOR Minerals International Semi-Annual Data
Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
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 -0.53 -0.56 0.86 0.18 -0.60
TORM
12GF Score
TOR Minerals International Inc TORM
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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TOR Minerals 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2017 was $-0.60 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 $-0.60 Mil mean?
TOR Minerals International (TORM) has a Change In Receivables of $-0.60 Mil as of Dec. 2017. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for TOR Minerals International and its competitors.
Is TOR Minerals International's Change In Receivables too high?
TOR Minerals International's current Change In Receivables is $-0.60 Mil. Overall, TOR Minerals International has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does TOR Minerals International's Change In Receivables compare to BGLC and CRKN?
TOR Minerals International's Change In Receivables of $-0.60 Mil can be compared against companies in the Chemicals 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 a Chemicals company?
A good Change In Receivables depends on the Chemicals 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 TOR Minerals International and its competitors. TOR Minerals International's current Change In Receivables is $-0.60 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOR Minerals International stock overvalued right now?
TOR Minerals International (TORM) has a current Change In Receivables of $-0.60 Mil. The current Change In Receivables is $-0.60 Mil. TOR Minerals International's 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 TOR Minerals International (TORM), the current Change In Receivables is $-0.60 Mil as of Dec. 2017. 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.

TOR Minerals International Business Description

Address 711 N. Carancahua Street, Suite 1750, Corpus Christi, TX, USA, 78401
TOR Minerals International Inc is engaged in the manufacture and sale of mineral products for use as pigments and extenders, majorly in the manufacture of paints, industrial coatings plastics, and solid surface applications. It has a business presence in the U.S., Pacific Rim; Canada, Mexico and South/Central America; Europe, Africa and the Middle East countries. Some of its products are Aluprem, Hitox and Tioprem, BARTEX and Haltex, among others.
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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