Nortech Systems (Nortech Systems) Change In Receivables : $-1.6 Mil (TTM As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Nortech Systems Change In Receivables?

Nortech Systems's change in receivables for the quarter that ended in Mar. 2024 was $3.5 Mil. It means Nortech Systems's Accounts Receivable declined by $3.5 Mil from Dec. 2023 to Mar. 2024 .

Nortech Systems's change in receivables for the fiscal year that ended in Dec. 2023 was $-6.1 Mil. It means Nortech Systems's Accounts Receivable increased by $6.1 Mil from Dec. 2022 to Dec. 2023 .

Nortech Systems's Accounts Receivable for the quarter that ended in Mar. 2024 was $16.1 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. Nortech Systems's Days Sales Outstanding for the three months ended in Mar. 2024 was 42.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nortech Systems's liquidation value for the three months ended in Mar. 2024 was $-11.9 Mil.

Nortech Systems Change In Receivables Historical Data

The historical data trend for Nortech Systems'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.

* Premium members only.

Nortech Systems Change In Receivables Chart

Nortech Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

0.59

4.10

-6.87

0.19

-6.13

Nortech Systems 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															-1.03	0.48	0.87	-6.45	3.50

Nortech Systems 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 $-1.6 Mil.

Nortech Systems (NAS:NSYS) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.051	/	34.215	*	91
=	42.81

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

Nortech Systems'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)
=	4.028	-	39.446	+	0.75 * 16.051	+	0.5 * 22.951
=	-11.9

Nortech Systems Change In Receivables Related Terms

Thank you for viewing the detailed overview of Nortech Systems's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Nortech Systems (Nortech Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nortech Systems Inc (NAS:NSYS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

7550 Meridian Circle N, Suite 150, Maple Grove, MN, USA, 55369

Website

https://www.nortechsys.com

Nortech Systems Inc is a United States-based electronic manufacturing services company. It offers value-added engineering, technical and manufacturing services and support including project management, design, testing, prototyping, manufacturing, supply chain management, and post-market services. The company's manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electro-mechanical assemblies. It operates in the Medical, Aerospace, Defense and Industrial markets with key revenue coming from Medical device and product manufacturing and related engineering services.

Executives

Amy S. Fredregill	director	7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
Jose Antonio Peris	director	7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
David B Kunin	director	7201 METRO BOULEVARD, MINNEAPOLIS MN 55439
David J. Graff	director	7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Daniel Ramon Everingham	10 percent owner	617 COUNTRY VIEW LANE, GARLAND TX 75043
Jay D Miller	director	7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Christopher Dean Jones	officer: CFO	7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Stacy A Kruse	director	7401 BOONE AVENUE NORTH, BROOKLYN PARK MN 55428
Philip Irving Smith	director	4503 BROWNDALE AVENUE, EDINA MN 55424
Dan Sachs	director	7550 MERIDIAN CIRCLE N., MAPLE GROVE MN 55369
Steven J Rosenstone	director	7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Heidi B Grange	officer: Senior Vice President of HR	7550 MERIDIAN CIRCLE N, MAPLE GROVE MN 55369
John Lindeen	officer: Sr VP - Global Operations	7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369
Beck Constance	officer: Chief Financial Officer	NORTECH SYSTEMS INCORPORATED, 7550 MERDIAN CIRCLE N, MAPLE GROVE MN 55369
Matt Mahmood	officer: Chief Operating Officer	7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369