Surface Transforms (LSE:SCE) Change In Receivables : £-1.99 Mil (TTM As of Jun. 2023)

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What is Surface Transforms Change In Receivables?

Surface Transforms's change in receivables for the quarter that ended in Jun. 2023 was £-1.14 Mil. It means Surface Transforms's Accounts Receivable increased by £1.14 Mil from Dec. 2022 to Jun. 2023 .

Surface Transforms's change in receivables for the fiscal year that ended in Dec. 2022 was £-1.81 Mil. It means Surface Transforms's Accounts Receivable increased by £1.81 Mil from Dec. 2021 to Dec. 2022 .

Surface Transforms's Accounts Receivable for the quarter that ended in Jun. 2023 was £1.97 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. Surface Transforms's Days Sales Outstanding for the six months ended in Jun. 2023 was 109.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Surface Transforms's liquidation value for the six months ended in Jun. 2023 was £1.12 Mil.

Surface Transforms Change In Receivables Historical Data

The historical data trend for Surface Transforms'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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Surface Transforms Change In Receivables Chart

Surface Transforms Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

Dec20

Dec21

Dec22

Change In Receivables

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-0.41

0.28

0.52

-0.96

-1.81

Surface Transforms Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial															-0.03	-0.93	-0.95	-0.85	-1.14

Surface Transforms 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.99 Mil.

Surface Transforms (LSE:SCE) 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.

Surface Transforms's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.97	/	3.282	*	91
=	109.54

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

Surface Transforms's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.506	-	6.872	+	0.75 * 1.97	+	0.5 * 4.023
=	1.12

Surface Transforms Change In Receivables Related Terms

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Surface Transforms (LSE:SCE) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Surface Transforms PLC (LSE:SCE) » Definitions » Change In Receivables

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XE4:Germany

Address

Acornfield Road, Knowsley Industrial Estate, Image Business Park, Liverpool, GBR, L33 7UF

Website

https://www.surfacetransforms.com

Surface Transforms PLC is a company that develops, manufactures, and markets carbon-ceramic products for the brakes market. It also engages in developing new products and applications for carbon fiber-reinforced ceramic friction and non-friction materials. It has operations spread across the United Kingdom, Germany, Sweden the United States of America, the Rest of Europe, and the Rest of the World.

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