CardioComm Solutions (TSXV:EKG) Change In Receivables : C$0.13 Mil (TTM As of Sep. 2024)

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What is CardioComm Solutions Change In Receivables?

CardioComm Solutions's change in receivables for the quarter that ended in Sep. 2024 was C$0.09 Mil. It means CardioComm Solutions's Accounts Receivable declined by C$0.09 Mil from Jun. 2024 to Sep. 2024 .

CardioComm Solutions's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.03 Mil. It means CardioComm Solutions's Accounts Receivable declined by C$0.03 Mil from Dec. 2022 to Dec. 2023 .

CardioComm Solutions's Accounts Receivable for the quarter that ended in Sep. 2024 was C$0.12 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. CardioComm Solutions's Days Sales Outstanding for the three months ended in Sep. 2024 was 78.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CardioComm Solutions's liquidation value for the three months ended in Sep. 2024 was C$-0.33 Mil.

CardioComm Solutions Change In Receivables Historical Data

The historical data trend for CardioComm Solutions'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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CardioComm Solutions Change In Receivables Chart

CardioComm Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.11

0.02

-0.15

0.13

0.03

CardioComm Solutions Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-0.10	0.15	-0.02	-0.10	0.09

CardioComm Solutions 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.13 Mil.

CardioComm Solutions (TSXV:EKG) 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.

CardioComm Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.12	/	0.14	*	91
=	78.21

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

CardioComm Solutions's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.077	-	0.516	+	0.75 * 0.12	+	0.5 * 0.041
=	-0.33

CardioComm Solutions Change In Receivables Related Terms

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CardioComm Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CardioComm Solutions Inc (TSXV:EKG) » Definitions » Change In Receivables

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EKGGF:USA

Address

18 Wynford Drive, Suite 305, North York, ON, CAN, M3C 3S2

Website

https://www.cardiocommsolutions.com

CardioComm Solutions Inc develops advanced software, hardware and core laboratory reading services related to the electrocardiogram ("ECG") and ambulatory arrhythmia monitoring systems for medical and consumer markets. It engages in the provision of management software solutions. It specializes in software engineering of computer-based electrocardiogram management and reporting software. The company's products include software, Gems Win, Global ECG Management System, GlobalCardio 12 lead; hardware, include handheld ECG monitor; Asp Services, include ECG management service and smart monitoring; software modules, consists of Win Air, Auto attendant, HL7 interface and EMR integration; and other products, include ECG viewer SDK and QRS 12 lead universal.

Executives

Etienne Anthony Grima	Director
Steven Vincent Benyo	Director