Aduro Clean Technologies (XCNQ:ACT) Change In Receivables : C$-0.01 Mil (TTM As of Feb. 2024)

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What is Aduro Clean Technologies Change In Receivables?

Aduro Clean Technologies's change in receivables for the quarter that ended in Feb. 2024 was C$0.03 Mil. It means Aduro Clean Technologies's Accounts Receivable declined by C$0.03 Mil from Nov. 2023 to Feb. 2024 .

Aduro Clean Technologies's change in receivables for the fiscal year that ended in May. 2023 was C$-0.31 Mil. It means Aduro Clean Technologies's Accounts Receivable increased by C$0.31 Mil from May. 2022 to May. 2023 .

Aduro Clean Technologies's Accounts Receivable for the quarter that ended in Feb. 2024 was C$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. Aduro Clean Technologies's Days Sales Outstanding for the three months ended in Feb. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Aduro Clean Technologies's liquidation value for the three months ended in Feb. 2024 was C$1.63 Mil.

Aduro Clean Technologies Change In Receivables Historical Data

The historical data trend for Aduro Clean Technologies'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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Aduro Clean Technologies Change In Receivables Chart

Aduro Clean Technologies Annual Data

Trend

May18

May19

May20

May21

May22

May23

Change In Receivables

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0.03

-0.06

-0.08

-0.31

Aduro Clean Technologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-0.11	-0.16	0.26	-0.15	0.03

Aduro Clean Technologies 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Aduro Clean Technologies (XCNQ:ACT) 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.

Aduro Clean Technologies's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.104	*	91
=	0.00

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

Aduro Clean Technologies's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.156	-	0.527	+	0.75 * 0	+	0.5 * 0
=	1.63

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Aduro Clean Technologies (XCNQ:ACT) Business Description

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ACTHF:USA 9D50:Germany

Address

1086 Modeland Road, Suite 104, Sarnia, ON, CAN, N7S 6L2

Website

https://www.adurocleantech.com

Aduro Clean Technologies Inc is a developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into feedstocks and higher-value fuels. The company's technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and costs.