Strix Group (LSE:KETL) Change In Receivables : £-2.4 Mil (TTM As of Dec. 2023)

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What is Strix Group Change In Receivables?

Strix Group's change in receivables for the quarter that ended in Dec. 2023 was £-1.7 Mil. It means Strix Group's Accounts Receivable increased by £1.7 Mil from Jun. 2023 to Dec. 2023 .

Strix Group's change in receivables for the fiscal year that ended in Dec. 2023 was £-2.4 Mil. It means Strix Group's Accounts Receivable increased by £2.4 Mil from Dec. 2022 to Dec. 2023 .

Strix Group's Accounts Receivable for the quarter that ended in Dec. 2023 was £19.7 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. Strix Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 45.28.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Strix Group's liquidation value for the six months ended in Dec. 2023 was £-103.4 Mil.

Strix Group Change In Receivables Historical Data

The historical data trend for Strix Group'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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Strix Group Change In Receivables Chart

Strix Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.75

-4.29

-6.65

3.16

-2.42

Strix Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial											-5.93	2.72	0.44	-0.77	-1.65

Strix Group 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.4 Mil.

Strix Group (LSE:KETL) 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.

Strix Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19.692	/	79.368	*	91
=	45.28

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

Strix Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	20.114	-	151.046	+	0.75 * 19.692	+	0.5 * 25.44
=	-103.4

Strix Group Change In Receivables Related Terms

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Strix Group (LSE:KETL) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Strix Group PLC (LSE:KETL) » Definitions » Change In Receivables

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SG9:Germany

Address

Forrest House, Ronaldsway, IMN, IM9 2RG

Website

https://www.strixplc.com

Strix Group PLC manufactures and markets kettle controls for appliances worldwide. The Group is engaged in the business of design, manufacture, and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration. Its revenue is generated by the sale of thermostatic controls, cordless interfaces, and other products such as water jugs and filters. It generates maximum revenue from the Kettle controls segment.

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