Axis Auto Finance (TSX:AXIS) Change In Receivables : C$-25.71 Mil (TTM As of Mar. 2024)

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What is Axis Auto Finance Change In Receivables?

Axis Auto Finance's change in receivables for the quarter that ended in Mar. 2024 was C$4.40 Mil. It means Axis Auto Finance's Accounts Receivable declined by C$4.40 Mil from Dec. 2023 to Mar. 2024 .

Axis Auto Finance's change in receivables for the fiscal year that ended in Jun. 2023 was C$-83.97 Mil. It means Axis Auto Finance's Accounts Receivable increased by C$83.97 Mil from Jun. 2022 to Jun. 2023 .

Axis Auto Finance's Accounts Receivable for the quarter that ended in Mar. 2024 was C$1.77 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. Axis Auto Finance's Days Sales Outstanding for the three months ended in Mar. 2024 was 16.60.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Axis Auto Finance's liquidation value for the three months ended in Mar. 2024 was C$-178.47 Mil.

Axis Auto Finance Change In Receivables Historical Data

The historical data trend for Axis Auto Finance'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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Axis Auto Finance Change In Receivables Chart

Axis Auto Finance Annual Data

Trend

Apr14

Apr15

Apr16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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-9.06

-17.90

-33.39

-61.20

-83.97

Axis Auto Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-27.27	-11.82	-9.67	-8.62	4.40

Axis Auto Finance 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-25.71 Mil.

Axis Auto Finance (TSX:AXIS) 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.

Axis Auto Finance's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.765	/	9.702	*	91
=	16.60

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

Axis Auto Finance's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.85	-	185.849	+	0.75 * 1.765	+	0.5 * 4.404
=	-178.47

Axis Auto Finance Change In Receivables Related Terms

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Axis Auto Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axis Auto Finance Inc (TSX:AXIS) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

165 Galaxy Boulevard, 2nd Floor, Etobicoke, ON, CAN, M9W 0C8

Website

https://www.axisautofinance.com

Axis Auto Finance Inc is a fintech company that is changing the way used vehicles are purchased and financed in Canada. The company's direct-to-consumer website, DriveAxis.ca, enables users to choose their next used vehicle, customize financing terms, and get the car delivered to homes. In addition, the company continues to grow business-to-business non-prime auto loan originations by delivering innovative technology solutions and superior service to its dealer partners.

Executives

Todd Charles Hudson

Senior Officer

Axis Auto Finance Headlines

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