Carmit Candy Industries (XTAE:CRMT) Change In Receivables : ₪13.4 Mil (TTM As of Dec. 2023)

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What is Carmit Candy Industries Change In Receivables?

Carmit Candy Industries's change in receivables for the quarter that ended in Dec. 2023 was ₪12.0 Mil. It means Carmit Candy Industries's Accounts Receivable declined by ₪12.0 Mil from Jun. 2023 to Dec. 2023 .

Carmit Candy Industries's change in receivables for the fiscal year that ended in Dec. 2023 was ₪13.4 Mil. It means Carmit Candy Industries's Accounts Receivable declined by ₪13.4 Mil from Dec. 2022 to Dec. 2023 .

Carmit Candy Industries's Accounts Receivable for the quarter that ended in Dec. 2023 was ₪65.6 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. Carmit Candy Industries's Days Sales Outstanding for the six months ended in Dec. 2023 was 102.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Carmit Candy Industries's liquidation value for the six months ended in Dec. 2023 was ₪-95.6 Mil.

Carmit Candy Industries Change In Receivables Historical Data

The historical data trend for Carmit Candy Industries'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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Carmit Candy Industries Change In Receivables Chart

Carmit Candy Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-6.23

-0.46

-5.10

-27.44

13.38

Carmit Candy Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial									11.23	-24.63	-2.81	1.40	11.98

Carmit Candy Industries 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₪13.4 Mil.

Carmit Candy Industries (XTAE:CRMT) 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.

Carmit Candy Industries's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	65.595	/	116.384	*	91
=	102.86

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

Carmit Candy Industries's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.554	-	173.712	+	0.75 * 65.595	+	0.5 * 48.748
=	-95.6

Carmit Candy Industries Change In Receivables Related Terms

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Carmit Candy Industries (XTAE:CRMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Hahagana Street, Rishon Lezion, ISR, 75706

Website

http://www.carmit.co.il

Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.