Tantalus Systems Holding (TSX:GRID) Change In Receivables : C$-2.56 Mil (TTM As of Mar. 2024)

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What is Tantalus Systems Holding Change In Receivables?

Tantalus Systems Holding's change in receivables for the quarter that ended in Mar. 2024 was C$-3.13 Mil. It means Tantalus Systems Holding's Accounts Receivable increased by C$3.13 Mil from Dec. 2023 to Mar. 2024 .

Tantalus Systems Holding's change in receivables for the fiscal year that ended in Dec. 2023 was C$1.58 Mil. It means Tantalus Systems Holding's Accounts Receivable declined by C$1.58 Mil from Dec. 2022 to Dec. 2023 .

Tantalus Systems Holding's Accounts Receivable for the quarter that ended in Mar. 2024 was C$13.78 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. Tantalus Systems Holding's Days Sales Outstanding for the three months ended in Mar. 2024 was 98.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tantalus Systems Holding's liquidation value for the three months ended in Mar. 2024 was C$-25.18 Mil.

Tantalus Systems Holding Change In Receivables Historical Data

The historical data trend for Tantalus Systems Holding'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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Tantalus Systems Holding Change In Receivables Chart

Tantalus Systems Holding Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

6.03

-4.05

1.58

Tantalus Systems Holding Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial											1.04	-1.02	1.03	0.57	-3.13

Tantalus Systems Holding 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$-2.56 Mil.

Tantalus Systems Holding (TSX:GRID) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	13.784	/	12.717	*	91
=	98.91

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

Tantalus Systems Holding'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)
=	7.308	-	46.733	+	0.75 * 13.784	+	0.5 * 7.813
=	-25.18

Tantalus Systems Holding Change In Receivables Related Terms

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Tantalus Systems Holding (TSX:GRID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tantalus Systems Holding Inc (TSX:GRID) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

TNTLF:USA

Address

3555 Gilmore Way, Suite 200, Burnaby, BC, CAN, V5G 0B3

Website

https://www.tantalus.com

Tantalus Systems Holding Inc Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Utility Software Applications and Services. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.

Executives

Peter Londa

Director, Senior Officer