TerraVest Industries (TSX:TVK) Change In Receivables : C$2.0 Mil (TTM As of Mar. 2024)

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What is TerraVest Industries Change In Receivables?

TerraVest Industries's change in receivables for the quarter that ended in Mar. 2024 was C$21.2 Mil. It means TerraVest Industries's Accounts Receivable declined by C$21.2 Mil from Dec. 2023 to Mar. 2024 .

TerraVest Industries's change in receivables for the fiscal year that ended in Sep. 2023 was C$-11.9 Mil. It means TerraVest Industries's Accounts Receivable increased by C$11.9 Mil from Sep. 2022 to Sep. 2023 .

TerraVest Industries's Accounts Receivable for the quarter that ended in Mar. 2024 was C$113.2 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. TerraVest Industries's Days Sales Outstanding for the three months ended in Mar. 2024 was 48.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TerraVest Industries's liquidation value for the three months ended in Mar. 2024 was C$-308.9 Mil.

TerraVest Industries Change In Receivables Historical Data

The historical data trend for TerraVest Industries'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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TerraVest Industries Change In Receivables Chart

TerraVest Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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6.32

26.27

0.81

-30.80

-11.90

TerraVest Industries 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															3.91	1.83	-25.69	4.64	21.22

TerraVest Industries 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$2.0 Mil.

TerraVest Industries (TSX:TVK) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	113.208	/	214.943	*	91
=	48.06

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

TerraVest Industries'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)
=	18.149	-	514.902	+	0.75 * 113.208	+	0.5 * 205.82
=	-308.9

TerraVest Industries Change In Receivables Related Terms

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TerraVest Industries (TSX:TVK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TerraVest Industries Inc (TSX:TVK) » Definitions » Change In Receivables

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TRRVF:USA

Address

60 Street, Suite 6205, Vegreville, AB, CAN, T9C 1P7

Website

https://www.terravestindustries.com

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments include, : Home Heating and Cooling Products (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment (Processing Equipment) and Service. Majority of the revenue for the company is generated from its Compressed Gas Equipment segment which manufactures engineered products for the storage, distribution and dispensing of compressed gases including liquid propane gas, natural gas liquids, carbon dioxide and other gases. The company operates in Canada and United States.

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