Tuga Innovations (XCNQ:TUGA) Change In Receivables : C$0.07 Mil (TTM As of Jan. 2024)

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What is Tuga Innovations Change In Receivables?

Tuga Innovations's change in receivables for the quarter that ended in Jan. 2024 was C$-0.01 Mil. It means Tuga Innovations's Accounts Receivable increased by C$0.01 Mil from Oct. 2023 to Jan. 2024 .

Tuga Innovations's change in receivables for the fiscal year that ended in Jul. 2023 was C$0.01 Mil. It means Tuga Innovations's Accounts Receivable declined by C$0.01 Mil from Jul. 2022 to Jul. 2023 .

Tuga Innovations's Accounts Receivable for the quarter that ended in Jan. 2024 was C$0.03 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. Tuga Innovations's liquidation value for the three months ended in Jan. 2024 was C$-0.91 Mil.

Tuga Innovations Change In Receivables Historical Data

The historical data trend for Tuga Innovations'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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Tuga Innovations Change In Receivables Chart

Tuga Innovations Annual Data

Trend

Jul21

Jul22

Jul23

Change In Receivables

-0.07

0.01

Tuga Innovations Quarterly Data
	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial							-0.01	0.01	0.01	0.05	-0.01

Tuga Innovations 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.07 Mil.

Tuga Innovations (XCNQ:TUGA) 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.

Tuga Innovations's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.025	/	0	*	91
=

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

Tuga Innovations's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.538	-	1.466	+	0.75 * 0.025	+	0.5 * 0
=	-0.91

Tuga Innovations Change In Receivables Related Terms

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Tuga Innovations (XCNQ:TUGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tuga Innovations Inc (XCNQ:TUGA) » Definitions » Change In Receivables

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Traded in Other Exchanges

TUGAF:USA DQ5:Germany

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.tugainnovations.com

Tuga Innovations Inc is a development-stage electric vehicle company involved in the conception, design, and production of specialized EVs to improve the urban mobility experience. It is engaged in the reduction of urban mobility difficulties by developing a three-wheeled, fully electric fore-and-aft 2-seat vehicle.

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