WeCommerce Holdings (TSXV:WE) Change In Receivables : C$0.95 Mil (TTM As of Dec. 2022)

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What is WeCommerce Holdings Change In Receivables?

WeCommerce Holdings's change in receivables for the quarter that ended in Dec. 2022 was C$0.08 Mil. It means WeCommerce Holdings's Accounts Receivable declined by C$0.08 Mil from Sep. 2022 to Dec. 2022 .

WeCommerce Holdings's change in receivables for the fiscal year that ended in Dec. 2022 was C$0.95 Mil. It means WeCommerce Holdings's Accounts Receivable declined by C$0.95 Mil from Dec. 2021 to Dec. 2022 .

WeCommerce Holdings's Accounts Receivable for the quarter that ended in Dec. 2022 was C$2.04 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. WeCommerce Holdings's Days Sales Outstanding for the three months ended in Dec. 2022 was 14.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. WeCommerce Holdings's liquidation value for the three months ended in Dec. 2022 was C$-46.91 Mil.

WeCommerce Holdings Change In Receivables Historical Data

The historical data trend for WeCommerce Holdings'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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WeCommerce Holdings Change In Receivables Chart

WeCommerce Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Change In Receivables

-0.36

-0.53

-0.71

0.95

WeCommerce Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Change In Receivables	Get a 7-Day Free Trial									0.45	1.00	0.12	-0.26	0.08

WeCommerce Holdings 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 Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.95 Mil.

WeCommerce Holdings (TSXV:WE) 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.

WeCommerce Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.04	/	13.3	*	91
=	14.00

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

WeCommerce Holdings's liquidation value for the quarter that ended in Dec. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	10.947	-	59.39	+	0.75 * 2.04	+	0.5 * 0
=	-46.91

WeCommerce Holdings Change In Receivables Related Terms

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WeCommerce Holdings (TSXV:WE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WeCommerce Holdings Ltd (TSXV:WE) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

329 Howe Street, PMB 2066, Victoria, BC, CAN, V6C 3N2

Website

https://www.wecommerce.co

WeCommerce Holdings Ltd is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Stamped and Foursixty. The company's primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants. The company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. Its segments include Themes, Apps and Agency.

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