Electrovaya (TSX:ELVA) Change In Receivables : C$-10.54 Mil (TTM As of Mar. 2024)

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What is Electrovaya Change In Receivables?

Electrovaya's change in receivables for the quarter that ended in Mar. 2024 was C$0.00 Mil. It means Electrovaya's Accounts Receivable stayed the same from Sep. 2023 to Mar. 2024 .

Electrovaya's change in receivables for the fiscal year that ended in Sep. 2023 was C$-10.62 Mil. It means Electrovaya's Accounts Receivable increased by C$10.62 Mil from Sep. 2022 to Sep. 2023 .

Electrovaya's Accounts Receivable for the quarter that ended in Mar. 2024 was C$10.01 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. Electrovaya's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Electrovaya's liquidation value for the three months ended in Mar. 2024 was C$-23.73 Mil.

Electrovaya Change In Receivables Historical Data

The historical data trend for Electrovaya'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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Electrovaya Change In Receivables Chart

Electrovaya Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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0.91

-2.84

1.46

-2.17

-10.62

Electrovaya Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-1.55	0.56	-4.13	-5.42	-

Electrovaya 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 C$-10.54 Mil.

Electrovaya (TSX:ELVA) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.009	/	14.477	*	91
=	63.09

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

Electrovaya'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)
=	1.511	-	40.37	+	0.75 * 10.009	+	0.5 * 15.243
=	-23.73

Electrovaya Change In Receivables Related Terms

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Electrovaya (TSX:ELVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electrovaya Inc (TSX:ELVA) » Definitions » Change In Receivables

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Traded in Other Exchanges

ELVA:USA 4EV0:Germany

Address

6688 Kitimat Road, Mississauga, ON, CAN, L5N 1P8

Website

https://www.electrovaya.com

Electrovaya Inc designs develop and manufacture proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. It is a technology-focused company with extensive IP. The company generates revenue from the sale of batteries and battery systems. Business operations are segmented based on large format batteries and others. This technology offers enhanced safety and industry leading battery longevity. Geographically it earns key revenue from the United States.

Executives

Raj Dasgupta

Senior Officer