WKSP (Worksport) Change In Receivables : $0.06 Mil (TTM As of Sep. 2024)

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What is Worksport Change In Receivables?

Worksport's change in receivables for the quarter that ended in Sep. 2024 was $0.14 Mil. It means Worksport's Accounts Receivable declined by $0.14 Mil from Jun. 2024 to Sep. 2024 .

Worksport's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.30 Mil. It means Worksport's Accounts Receivable increased by $0.30 Mil from Dec. 2022 to Dec. 2023 .

Worksport's Accounts Receivable for the quarter that ended in Sep. 2024 was $0.47 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. Worksport's Days Sales Outstanding for the three months ended in Sep. 2024 was 13.62.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Worksport's liquidation value for the three months ended in Sep. 2024 was $-3.30 Mil.

Worksport Change In Receivables Historical Data

The historical data trend for Worksport'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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Worksport Change In Receivables Chart

Worksport Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.01

-0.24

-0.02

-0.08

-0.30

Worksport 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															-0.05	0.05	0.32	-0.45	0.14

Worksport 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 $0.06 Mil.

Worksport (NAS:WKSP) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.466	/	3.122	*	91
=	13.62

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

Worksport'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)
=	1.858	-	8.576	+	0.75 * 0.466	+	0.5 * 6.138
=	-3.30

Worksport Change In Receivables Related Terms

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Worksport Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Worksport Ltd (NAS:WKSP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

2500 N America Drive, West Seneca, NY, USA, 14224

Website

https://www.worksport.com

Worksport Ltd through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. The company's product includes soft vinyl tonneau covers and hard aluminum tonneau covers.

Executives

Steven F. Rossi	10 percent owner	1895 CLEMENTS ROAD, PICKERING A6 M1P 4Y9
Ned L Siegel	director	600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
William J Caragol	director	1690 SOUTH CONGRESS AVENUE, SUITE 200, DELRAY BEACH FL 33445
Craig William Loverock	director	48 UNION AVE, PORT PERRY A6 L9L 1G2
Michael D Johnston	officer: Chief Financial Officer	340 RICHMOND STREET WEST, TORONTO Z4 MSV 1X2
Lorenzo Rossi	director, officer: Treasurer	1895 CLEMENTS ROAD, SUITE 155, PICKERING A6 M1P 4Y9
Steven Raivio	director, officer: COO, Secretary	8820 JANE STREET, VAUGHAN A6 L4K 2M9
Truxmart Ltd.	10 percent owner	1895 CLEMENTS ROAD, PICKERING A6 MIP 4Y9
Mathis Family Partners Ltd.	10 percent owner	2560 W. MAIN STREET, SUITE 200, LITTLETON CO 80120
Lazzeri Family Trust, Robert Lazzeri, Trustee	10 percent owner	5046 CHRISTENSEN DRIVE, LITTLETON CO 80123
Earnco M.p.p.p.	10 percent owner	2560 W MAIN ST, STE 200, LITTLETON CO 80120
Lazzeri Equity Partners 401k Plan	10 percent owner	2560 W MAIN STREET, SUITE 200, LITTLETON CO 80120
A. J. Boisdrenghien	director, 10 percent owner, officer: President	5910 SOUTH UNIVERSITY BOULEVARD, C-18, UNIT 165, LITTLETON CO 80121-2800