Grid Dynamics Holdings (Grid Dynamics Holdings) Change In Receivables : $0.4 Mil (TTM As of Mar. 2024)

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What is Grid Dynamics Holdings Change In Receivables?

Grid Dynamics Holdings's change in receivables for the quarter that ended in Mar. 2024 was $-5.2 Mil. It means Grid Dynamics Holdings's Accounts Receivable increased by $5.2 Mil from Dec. 2023 to Mar. 2024 .

Grid Dynamics Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $2.1 Mil. It means Grid Dynamics Holdings's Accounts Receivable declined by $2.1 Mil from Dec. 2022 to Dec. 2023 .

Grid Dynamics Holdings's Accounts Receivable for the quarter that ended in Mar. 2024 was $53.0 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. Grid Dynamics Holdings's Days Sales Outstanding for the three months ended in Mar. 2024 was 60.64.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Grid Dynamics Holdings's liquidation value for the three months ended in Mar. 2024 was $236.8 Mil.

Grid Dynamics Holdings Change In Receivables Historical Data

The historical data trend for Grid Dynamics Holdings'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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Grid Dynamics Holdings Change In Receivables Chart

Grid Dynamics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.61

1.82

-19.53

-9.85

2.08

Grid Dynamics Holdings 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															-3.53	3.13	1.98	0.51	-5.22

Grid Dynamics Holdings 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 $0.4 Mil.

Grid Dynamics Holdings (NAS:GDYN) 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.

Grid Dynamics Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	53.039	/	79.817	*	91
=	60.64

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

Grid Dynamics Holdings'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)
=	249.437	-	52.45	+	0.75 * 53.039	+	0.5 * 0
=	236.8

Grid Dynamics Holdings Change In Receivables Related Terms

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Grid Dynamics Holdings (Grid Dynamics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Grid Dynamics Holdings Inc (NAS:GDYN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5000 Executive Parkway, Suite 520, San Ramon, CA, USA, 94583

Website

https://www.griddynamics.com

Grid Dynamics Holdings Inc provides enterprise-level digital transformation in the areas of search, analytics, and release automation to Fortune 1000 companies. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. Geographically company earns revenue from North America, Europe and other regions.

Executives

Leonard Livschitz	director, officer: Chief Executive Officer	C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 250, SAN RAMON CA 94583
Anil Doradla	officer: Chief Financial Officer	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Patrick Nicolet	director	C/O GRID DYNAMICS HOLDINGS. INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Lloyd Carney	director	C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Stan Klimoff	officer: VP of Corporate Development	C/O GRID DYNAMICS HOLDINGS, INC., 5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Eric Benhamou	director	350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Shuo Zhang	director	5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Yueou Wang	director	5000 EXECUTIVE PARKWAY, SUITE 520, SAN RAMON CA 94583
Marina Levinson	director	C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Vadim Kozyrkov	officer: SVP of Engineering	C/O GRID DYNAMICS HOLDINGS INC, 5000 EXECUTIVE PARKWAY SUITE 520, SAN RAMON CA 94583
Beijing Teamsun Technology Co. Ltd.	10 percent owner	ROOM 501, 5/F., NO. 23 BUILDING, 10 E.BLOCK XIBEIWANG E. RD, HAIDIAN DIST, BEIJING F4 0000000
Automated Systems Holdings Ltd	10 percent owner	15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Teamsun Technology (hk) Ltd	10 percent owner	UNIT 907, 9TH FLOOR, TAI YAU BUILDING, 181 JOHNSTON ROAD, WANCHAI K3 00000
Gdd International Holding Co	10 percent owner	15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000
Gdb International Investment Ltd	10 percent owner	15/F, TOPSAIL PLAZA, 11 ON SUM STREET, SHATIN K3 00000