Progressive Care (Progressive Care) Change In Receivables : $-8.06 Mil (TTM As of Mar. 2024)

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What is Progressive Care Change In Receivables?

Progressive Care's change in receivables for the quarter that ended in Mar. 2024 was $-4.14 Mil. It means Progressive Care's Accounts Receivable increased by $4.14 Mil from Dec. 2023 to Mar. 2024 .

Progressive Care's change in receivables for the fiscal year that ended in Dec. 2023 was $0.00 Mil. It means Progressive Care's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Progressive Care's Accounts Receivable for the quarter that ended in Mar. 2024 was $12.25 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. Progressive Care's Days Sales Outstanding for the three months ended in Mar. 2024 was 76.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Progressive Care's liquidation value for the three months ended in Mar. 2024 was $1.29 Mil.

Progressive Care Change In Receivables Historical Data

The historical data trend for Progressive Care'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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Progressive Care Change In Receivables Chart

Progressive Care Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.99

-0.31

0.27

-3.10

Progressive Care 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															-0.66	-0.17	-3.73	-0.03	-4.14

Progressive Care 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 $-8.06 Mil.

Progressive Care (OTCPK:RXMD) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.253	/	14.628	*	91
=	76.43

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

Progressive Care'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)
=	5.544	-	15.141	+	0.75 * 12.253	+	0.5 * 3.385
=	1.29

Progressive Care Change In Receivables Related Terms

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Progressive Care (Progressive Care) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Progressive Care Inc (OTCPK:RXMD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

400 Ansin Boulevard, Suite A, Hallandale Beach, FL, USA, 33009

Website

https://www.progressivecareus.com

Progressive Care Inc is a personalized healthcare services and technology company which provides prescription pharmaceutical services, risk management, and data analytics to healthcare organizations and providers. The company through its wholly-owned subsidiary Pharmco, provides prescription pharmaceuticals, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, the supply of prescription medications to long-term care facilities, and health practice risk management. It also offers certain disease testing and vaccinations. It offers services in a variety of languages, including English, Spanish, French, Creole, Portuguese, Ukrainian, and Russian.

Executives

Charles M. Fernandez	director, 10 percent owner, officer: Chairman & CEO	C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C., 4400 BISCAYNE BOULEVARD, 9TH FLOOR, MIAMI FL 33137
Rodney Barreto	director, 10 percent owner	460 MARQUESA DRIVE, CORAL GABLES FL 33156
Pamela M Roberts	officer: CHIEF OPERATING OFFICER	1540 NW 203 ST, MIAMI FL 33169
Pedro Rodriguez	director	258 NE 27TH STREET, MIAMI FL 33137
Birute Norkute	officer: Chief Operating Officer	2311 NE 174TH ST, MIAMI FL 33160
Alan Jay Weisberg	officer: CHIEF FINANCIAL OFFICER	2500 NORTH MILITARY TRAIL, SUITE 206, BOCA RATON FL 33431
Cecile Munnik	officer: CFO	400 ANSIN BLVD SUITE A, HALLANDALE BEACH FL 33009
Joseph Ziegler	director	1051 HILLSBORO MILE, PH2, HILLSBORO BEACH FL 33062
Jervis Hough	director	6053 BARTAM COVE, DULUTH GA 30097
Shital P Parikh	director, officer: Chief Operating Officer	1111 PARK CENTER BLVD., SUITE 202, MIAMI GARDENS FL 33169
Vernon Watson	officer: Chief Executive Officer	1111 PARK CENTER BLVD., SUITE 202, MIAMI GARDENS FL 33169
Armen Karapetyan	10 percent owner	17395 NORTH BAY ROAD, SUITE 102, SUNNY ISLES BEACH FL 33160
Avraham A. Friedman	director, 10 percent owner, officer: Chief Executive Officer	C/O PROGRESSIVE CARE INC., 901 N. MIAMI BEACH BLVD., SUITE 1, N. MIAMI BEACH FL 33162
Andy Subachan	director, 10 percent owner, officer: Chief Operating Officer	C/O PROGRESSIVE CARE INC., 901 N. MIAMI BEACH BLVD., SUITE 1, N. MIAMI BEACH FL 33162
Buddy Young	director, 10 percent owner, officer: President, CEO, CFO, Chairman