Federated Hermes (Federated Hermes) Change In Receivables : $-9 Mil (TTM As of Mar. 2024)

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What is Federated Hermes Change In Receivables?

Federated Hermes's change in receivables for the quarter that ended in Mar. 2024 was $3 Mil. It means Federated Hermes's Accounts Receivable declined by $3 Mil from Dec. 2023 to Mar. 2024 .

Federated Hermes's change in receivables for the fiscal year that ended in Dec. 2023 was $-28 Mil. It means Federated Hermes's Accounts Receivable increased by $28 Mil from Dec. 2022 to Dec. 2023 .

Federated Hermes's Accounts Receivable for the quarter that ended in Mar. 2024 was $72 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. Federated Hermes's Days Sales Outstanding for the three months ended in Mar. 2024 was 16.49.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Federated Hermes's liquidation value for the three months ended in Mar. 2024 was $-254 Mil.

Federated Hermes Change In Receivables Historical Data

The historical data trend for Federated Hermes'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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Federated Hermes Change In Receivables Chart

Federated Hermes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-7.25

11.65

6.66

-4.37

-27.57

Federated Hermes 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															-15.23	-25.40	9.66	3.41	2.98

Federated Hermes 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 $-9 Mil.

Federated Hermes (NYSE:FHI) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	71.648	/	396.371	*	91
=	16.49

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

Federated Hermes'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)
=	558.532	-	866.415	+	0.75 * 71.648	+	0.5 * 0
=	-254

Federated Hermes Change In Receivables Related Terms

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Federated Hermes (Federated Hermes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Inc (NYSE:FHI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

3KC:Germany

Address

1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779

Website

https://www.federatedhermes.com

Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).

Executives

Saker Anwar Nusseibeh	officer: CEO, Hermes Fund Managers Ltd.	HERMES INVESTMENT MANAGEMENT, 150 CHEAPSIDE, 6TH FLOOR, LONDON X0 EC2V6ET
John B Fisher	director, officer: Pres Inst Sales Div. FSC	1001 LIBERTY AVENUE, FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779
Dolores D Dudiak	officer: Vice President	1001 LIBERTY AVENUE, 19TH FLOOR, PITTSBURGH PA 15222
Gordon J Ceresino	officer: Exec. Director, Int'l Dist.	FEDERATED MDT ADVISER, 125 HIGH STREET, OLIVER STREET TOWER, 21ST FLOOR, BOSTON MA 02110
Richard A Novak	officer: Principal Accounting Officer	FEDERATED INVESTORS INC., FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779
Paul A Uhlman	officer: Vice President	1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Peter J Germain	officer: EVP, Chief Legal Officer & GC	C/O FEDERATED INVESTORS, 1001 LIBERTY AVE, PITTSBURGH PA 15222
Meter Stephen Van	officer: VP, Chief Compliance Officer	FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
J Christopher Donahue	director, officer: President and CEO	5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000
Michael J Farrell	director	1001 LIBERTY AVENUE, FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779
Thomas R Donahue	director, officer: VP, CFO, Treasurer	5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000
Marie Milie Jones	director	FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Eugene F Maloney	director, officer: Vice President	FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Joseph C Bartolacci	director
Thomas E Territ	officer: Vice President	FEDERATED INVESTORS, INC., FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779