VSMR (Verify Smart) Change In Receivables : $0.33 Mil (TTM As of Jun. 2024)

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What is Verify Smart Change In Receivables?

Verify Smart's change in receivables for the quarter that ended in Jun. 2024 was $0.33 Mil. It means Verify Smart's Accounts Receivable declined by $0.33 Mil from Jun. 2023 to Jun. 2024 .

Verify Smart's change in receivables for the fiscal year that ended in Jun. 2024 was $0.33 Mil. It means Verify Smart's Accounts Receivable declined by $0.33 Mil from Jun. 2023 to Jun. 2024 .

Verify Smart's Accounts Receivable for the quarter that ended in Jun. 2024 was $0.00 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Verify Smart's liquidation value for the six months ended in Jun. 2024 was $-1.94 Mil.

Verify Smart Change In Receivables Historical Data

The historical data trend for Verify Smart'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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Verify Smart Change In Receivables Chart

Verify Smart Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun17

Jun18

Jun22

Jun23

Jun24

Change In Receivables

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-0.02

-0.06

-0.01

-1.62

0.33

Verify Smart Semi-Annual Data
	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun17	Jun18	Jun22	Jun23	Jun24
Change In Receivables	Get a 7-Day Free Trial							-0.02	-0.06	-0.01	-1.62	0.33

Verify Smart 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2024 was $0.33 Mil.

Verify Smart (OTCPK:VSMR) 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.

Verify Smart's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

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

Verify Smart's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.001	-	1.948	+	0.75 * 0	+	0.5 * 0.013
=	-1.94

Verify Smart Change In Receivables Related Terms

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Verify Smart Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Verify Smart Corp (OTCPK:VSMR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Hillside Avenue, Mahwah, NJ, USA, 07430

Website

https://www.verifysmart.net

Verify Smart Corp is engaged in the business of developing and selling internet security software for credit card fraud prevention. The Company was originally formed to engage in the acquisition, exploration and development of natural resource properties.

Executives

Howard Stephen Gelfand	director, 10 percent owner, officer: PRES, CEO, TRES, CFO, SECR	5050 KINGSWAY,, BURNABY, BC A1 V5H 4H2
Gordon Koshowski	director	#109 - 114 W MAGNOLIA, SUITE 400, BELLINGHAM WA 98225

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