Matrix IT (XTAE:MTRX) Change In Receivables : ₪-87 Mil (TTM As of Mar. 2024)

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What is Matrix IT Change In Receivables?

Matrix IT's change in receivables for the quarter that ended in Mar. 2024 was ₪-48 Mil. It means Matrix IT's Accounts Receivable increased by ₪48 Mil from Dec. 2023 to Mar. 2024 .

Matrix IT's change in receivables for the fiscal year that ended in Dec. 2023 was ₪-52 Mil. It means Matrix IT's Accounts Receivable increased by ₪52 Mil from Dec. 2022 to Dec. 2023 .

Matrix IT's Accounts Receivable for the quarter that ended in Mar. 2024 was ₪1,727 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. Matrix IT's Days Sales Outstanding for the three months ended in Mar. 2024 was 108.39.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Matrix IT's liquidation value for the three months ended in Mar. 2024 was ₪-1,090 Mil.

Matrix IT Change In Receivables Historical Data

The historical data trend for Matrix IT'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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Matrix IT Change In Receivables Chart

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-23.24

117.59

-331.11

-85.77

-51.90

Matrix IT 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															20.25	-4.81	-49.47	15.37	-47.67

Matrix IT 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 ₪-87 Mil.

Matrix IT (XTAE:MTRX) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1726.842	/	1453.713	*	91
=	108.39

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

Matrix IT'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)
=	560.833	-	3006.068	+	0.75 * 1726.842	+	0.5 * 120.192
=	-1,090

Matrix IT Change In Receivables Related Terms

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Matrix IT (XTAE:MTRX) Business Description

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Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.