Two Hands (XCNQ:TWOH) Change In Receivables : C$-0.03 Mil (TTM As of Mar. 2024)

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What is Two Hands Change In Receivables?

Two Hands's change in receivables for the quarter that ended in Mar. 2024 was C$-0.03 Mil. It means Two Hands's Accounts Receivable increased by C$0.03 Mil from Dec. 2023 to Mar. 2024 .

Two Hands's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.04 Mil. It means Two Hands's Accounts Receivable increased by C$0.04 Mil from Dec. 2022 to Dec. 2023 .

Two Hands's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.15 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. Two Hands's Days Sales Outstanding for the three months ended in Mar. 2024 was 62.76.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Two Hands's liquidation value for the three months ended in Mar. 2024 was C$-3.92 Mil.

Two Hands Change In Receivables Historical Data

The historical data trend for Two Hands'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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Two Hands Change In Receivables Chart

Two Hands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.01

-0.05

-0.21

-0.05

-0.04

Two Hands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.04	-0.02	-	0.03	-0.03

Two Hands 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.03 Mil.

Two Hands (XCNQ:TWOH) 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.

Two Hands's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.152	/	0.221	*	91
=	62.76

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

Two Hands's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.015	-	4.099	+	0.75 * 0.152	+	0.5 * 0.108
=	-3.92

Two Hands Change In Receivables Related Terms

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Two Hands (XCNQ:TWOH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Two Hands Corp (XCNQ:TWOH) » Definitions » Change In Receivables

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TWOH:USA

Address

1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1

Website

https://www.twohandsgroup.com

Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.