Globavend Holdings (Globavend Holdings) Change In Receivables : $-0.47 Mil (TTM As of Sep. 2023)

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What is Globavend Holdings Change In Receivables?

Globavend Holdings's change in receivables for the quarter that ended in Sep. 2023 was $-0.66 Mil. It means Globavend Holdings's Accounts Receivable increased by $0.66 Mil from Mar. 2023 to Sep. 2023 .

Globavend Holdings's change in receivables for the fiscal year that ended in Sep. 2023 was $-0.47 Mil. It means Globavend Holdings's Accounts Receivable increased by $0.47 Mil from Sep. 2022 to Sep. 2023 .

Globavend Holdings's Accounts Receivable for the quarter that ended in Sep. 2023 was $1.43 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. Globavend Holdings's Days Sales Outstanding for the six months ended in Sep. 2023 was 28.39.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Globavend Holdings's liquidation value for the six months ended in Sep. 2023 was $-2.35 Mil.

Globavend Holdings Change In Receivables Historical Data

The historical data trend for Globavend 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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Globavend Holdings Change In Receivables Chart

Globavend Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Change In Receivables

-0.08

-0.36

-0.47

Globavend Holdings Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	-	-0.09	-0.27	0.19	-0.66

Globavend 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.47 Mil.

Globavend Holdings (NAS:GVH) 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.

Globavend Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.429	/	9.186	*	91
=	28.39

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

Globavend Holdings's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.554	-	3.973	+	0.75 * 1.429	+	0.5 * 0
=	-2.35

Globavend Holdings Change In Receivables Related Terms

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Globavend Holdings (Globavend Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globavend Holdings Ltd (NAS:GVH) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office 1401, Level 14, 197, St Georges Tce, Perth, WA, AUS, 6000

Website

https://www.globavend.com

Globavend Holdings Ltd is a e-commerce logistics provider it provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where they provide customers with a one-stop solution from parcel consolidation to air freight forwarding, customs clearance, on-carriage parcel transportation and delivery. It operates in logistics and freight forwarding industry, which involves the provision of services such as freight transport, freight forwarding, warehouse management, and distribution.

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