Microbix Biosystems (TSX:MBX) Change In Receivables : C$-1.31 Mil (TTM As of Mar. 2024)

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What is Microbix Biosystems Change In Receivables?

Microbix Biosystems's change in receivables for the quarter that ended in Mar. 2024 was C$-0.60 Mil. It means Microbix Biosystems's Accounts Receivable increased by C$0.60 Mil from Dec. 2023 to Mar. 2024 .

Microbix Biosystems's change in receivables for the fiscal year that ended in Sep. 2023 was C$-1.09 Mil. It means Microbix Biosystems's Accounts Receivable increased by C$1.09 Mil from Sep. 2022 to Sep. 2023 .

Microbix Biosystems's Accounts Receivable for the quarter that ended in Mar. 2024 was C$4.41 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. Microbix Biosystems's Days Sales Outstanding for the three months ended in Mar. 2024 was 71.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Microbix Biosystems's liquidation value for the three months ended in Mar. 2024 was C$9.09 Mil.

Microbix Biosystems Change In Receivables Historical Data

The historical data trend for Microbix Biosystems'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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Microbix Biosystems Change In Receivables Chart

Microbix Biosystems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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-0.37

-0.11

-2.32

1.12

-1.09

Microbix Biosystems 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															-0.29	-0.22	-0.80	0.31	-0.60

Microbix Biosystems 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$-1.31 Mil.

Microbix Biosystems (TSX:MBX) 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.

Microbix Biosystems's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.408	/	5.633	*	91
=	71.41

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

Microbix Biosystems'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)
=	12.873	-	10.166	+	0.75 * 4.408	+	0.5 * 6.157
=	9.09

Microbix Biosystems Change In Receivables Related Terms

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Microbix Biosystems (TSX:MBX) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Microbix Biosystems Inc (TSX:MBX) » Definitions » Change In Receivables

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MBXBF:USA

Address

265 Watline Avenue, Mississauga, ON, CAN, L4Z 1P3

Website

https://www.microbix.com

Microbix Biosystems Inc develops biological products and technologies. The company manufactures and develops cell culture-based biological products and technologies. It has developed and acquired two technologies; Kinlytic and LumiSort. The company's operating segment includes Antigen, QAPs DxTM and Other Includes Kinlytic. It generates maximum revenue from the Antigen QAPs segment. Geographically, it derives a majority of revenue from North America.

Executives

James Stuart Currie

Senior Officer

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