Accsys Technologies (LSE:AXS) Change In Receivables : £-2.1 Mil (TTM As of Sep. 2023)

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What is Accsys Technologies Change In Receivables?

Accsys Technologies's change in receivables for the quarter that ended in Sep. 2023 was £3.8 Mil. It means Accsys Technologies's Accounts Receivable declined by £3.8 Mil from Mar. 2023 to Sep. 2023 .

Accsys Technologies's change in receivables for the fiscal year that ended in Mar. 2023 was £-1.0 Mil. It means Accsys Technologies's Accounts Receivable increased by £1.0 Mil from Mar. 2022 to Mar. 2023 .

Accsys Technologies's Accounts Receivable for the quarter that ended in Sep. 2023 was £11.8 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. Accsys Technologies's Days Sales Outstanding for the six months ended in Sep. 2023 was 34.97.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Accsys Technologies's liquidation value for the six months ended in Sep. 2023 was £-44.2 Mil.

Accsys Technologies Change In Receivables Historical Data

The historical data trend for Accsys Technologies'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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Accsys Technologies Change In Receivables Chart

Accsys Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-3.17

-2.17

-0.14

-4.23

-1.02

Accsys Technologies Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial															0.22	-4.44	4.85	-5.91	3.84

Accsys Technologies 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.1 Mil.

Accsys Technologies (LSE:AXS) 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.

Accsys Technologies's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.765	/	61.404	*	91
=	34.97

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

Accsys Technologies's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	17.919	-	84.656	+	0.75 * 11.765	+	0.5 * 27.432
=	-44.2

Accsys Technologies Change In Receivables Related Terms

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Accsys Technologies (LSE:AXS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Accsys Technologies PLC (LSE:AXS) » Definitions » Change In Receivables

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ACSYF:USA AXS:Netherlands AXSa:UK AXS.GB:UK 1D8:Germany

Address

3 Moorgate Place, 4th floor, London, GBR, EC2R 6EA

Website

https://www.accsysplc.com

Accsys Technologies PLC is a chemical technology company focused on acetylation of wood. It is engaged in the development, commercialisation, and licensing of the associated proprietary technologies. Its product includes Accoya and Tricoya wood. The company offers Accoya wood for use in external doors, cladding/siding, decking, structural and civil engineering projects and Tricoya wood elements are used in window and door components, door skins, wet interiors, and wall linings. It generates maximum revenue through the sale of Accoya Woods. The maximum geographical areas of customers are from the UK and Ireland region.