T.W. Christian (T.W. Christian) Change In Receivables : $-0.08 Mil (TTM As of Sep. 2005)

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What is T.W. Christian Change In Receivables?

T.W. Christian's change in receivables for the quarter that ended in Sep. 2005 was $-0.08 Mil. It means T.W. Christian's Accounts Receivable increased by $0.08 Mil from Jun. 2005 to Sep. 2005 .

T.W. Christian's change in receivables for the fiscal year that ended in Dec. 2004 was $-0.03 Mil. It means T.W. Christian's Accounts Receivable increased by $0.03 Mil from Dec. 2003 to Dec. 2004 .

T.W. Christian's Accounts Receivable for the quarter that ended in Sep. 2005 was $0.10 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. T.W. Christian's Days Sales Outstanding for the three months ended in Sep. 2005 was 75.92.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. T.W. Christian's liquidation value for the three months ended in Sep. 2005 was $-2.34 Mil.

T.W. Christian Change In Receivables Historical Data

The historical data trend for T.W. Christian'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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T.W. Christian Change In Receivables Chart

T.W. Christian Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Change In Receivables

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-0.01

0.01

-0.03

T.W. Christian Quarterly Data
	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05
Change In Receivables	Get a 7-Day Free Trial															-	-	-0.01	0.01	-0.08

T.W. Christian 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. 2005 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.08 Mil.

T.W. Christian (OTCPK:TWCI) 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.

T.W. Christian's Days Sales Outstanding for the quarter that ended in Sep. 2005 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.104	/	0.125	*	91
=	75.92

2. In Ben Graham's calculation of liquidation value, T.W. Christian's accounts receivable are only considered to be worth 75% of book value:

T.W. Christian's liquidation value for the quarter that ended in Sep. 2005 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	2.415	+	0.75 * 0.104	+	0.5 * 0
=	-2.34

T.W. Christian Change In Receivables Related Terms

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T.W. Christian (T.W. Christian) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » T.W. Christian Inc (OTCPK:TWCI) » Definitions » Change In Receivables

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Address

555 Burrard Street, 9th Floor, Vancouver, BC, CAN, V7X 1M8

Website

http://www.twchristian.com

T.W. Christian Inc is an investment banking firm. It offers services such as spin-offs, debt-to-equity conversions, restructurings, direct equity investments and leveraged buyouts.

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