Thinkific Labs (TSX:THNC) Change In Receivables : C$-2.17 Mil (TTM As of Mar. 2024)

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What is Thinkific Labs Change In Receivables?

Thinkific Labs's change in receivables for the quarter that ended in Mar. 2024 was C$-0.64 Mil. It means Thinkific Labs's Accounts Receivable increased by C$0.64 Mil from Dec. 2023 to Mar. 2024 .

Thinkific Labs's change in receivables for the fiscal year that ended in Dec. 2023 was C$-1.91 Mil. It means Thinkific Labs's Accounts Receivable increased by C$1.91 Mil from Dec. 2022 to Dec. 2023 .

Thinkific Labs's Accounts Receivable for the quarter that ended in Mar. 2024 was C$4.47 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. Thinkific Labs's Days Sales Outstanding for the three months ended in Mar. 2024 was 18.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thinkific Labs's liquidation value for the three months ended in Mar. 2024 was C$96.90 Mil.

Thinkific Labs Change In Receivables Historical Data

The historical data trend for Thinkific Labs'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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Thinkific Labs Change In Receivables Chart

Thinkific Labs Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.31

-1.11

-0.37

-2.30

-1.91

Thinkific Labs Quarterly Data
	Dec18	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														-0.38	-1.54	0.13	-0.12	-0.64

Thinkific Labs 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$-2.17 Mil.

Thinkific Labs (TSX:THNC) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.466	/	21.609	*	91
=	18.86

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

Thinkific Labs'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)
=	118.188	-	24.636	+	0.75 * 4.466	+	0.5 * 0
=	96.90

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Thinkific Labs (TSX:THNC) Business Description

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THNCF:USA 5S0:Germany

Address

369 Terminal Ave, Suite 400, Vancouver, BC, CAN, V6A 4C4

Website

https://www.thinkific.com

Thinkific Labs Inc is a cloud-based software platform. The Company's primary business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching what they know. The Company's platform provides its Creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites, and other experiences that our Creators can create, sell and deliver using the Company's Platform.

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