Taronis Fuels (Taronis Fuels) Change In Receivables : $-6.70 Mil (TTM As of Sep. 2020)

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What is Taronis Fuels Change In Receivables?

Taronis Fuels's change in receivables for the quarter that ended in Sep. 2020 was $-6.33 Mil. It means Taronis Fuels's Accounts Receivable increased by $6.33 Mil from Jun. 2020 to Sep. 2020 .

Taronis Fuels's change in receivables for the fiscal year that ended in Dec. 2019 was $-1.22 Mil. It means Taronis Fuels's Accounts Receivable increased by $1.22 Mil from Dec. 2018 to Dec. 2019 .

Taronis Fuels's Accounts Receivable for the quarter that ended in Sep. 2020 was $10.55 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. Taronis Fuels's Days Sales Outstanding for the three months ended in Sep. 2020 was 99.66.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Taronis Fuels's liquidation value for the three months ended in Sep. 2020 was $-25.04 Mil.

Taronis Fuels Change In Receivables Historical Data

The historical data trend for Taronis Fuels'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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Taronis Fuels Change In Receivables Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Change In Receivables

-0.11

-0.59

-1.22

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Change In Receivables	Get a 7-Day Free Trial					-0.26	-0.23	-0.18	0.03	-6.33

Taronis Fuels 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.70 Mil.

Taronis Fuels (OTCPK:TRNFQ) 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.

Taronis Fuels's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.553	/	9.662	*	91
=	99.66

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

Taronis Fuels's liquidation value for the quarter that ended in Sep. 2020 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.212	-	36.796	+	0.75 * 10.553	+	0.5 * 7.257
=	-25.04

Taronis Fuels Change In Receivables Related Terms

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Taronis Fuels (Taronis Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383

Website

https://www.taronisfuels.com

Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.

Executives

Scott Mahoney	director, officer: Chief Executive Officer	4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L.	director	150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson	officer: CFO/Treasurer/Secretary	P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack	director	150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii	director