Hipgnosis Songs Fund (LSE:SONG) Change In Receivables : £7.48 Mil (TTM As of Sep. 2023)

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What is Hipgnosis Songs Fund Change In Receivables?

Hipgnosis Songs Fund's change in receivables for the quarter that ended in Sep. 2023 was £3.89 Mil. It means Hipgnosis Songs Fund's Accounts Receivable declined by £3.89 Mil from Mar. 2023 to Sep. 2023 .

Hipgnosis Songs Fund's change in receivables for the fiscal year that ended in Mar. 2023 was £-11.55 Mil. It means Hipgnosis Songs Fund's Accounts Receivable increased by £11.55 Mil from Mar. 2022 to Mar. 2023 .

Hipgnosis Songs Fund's Accounts Receivable for the quarter that ended in Sep. 2023 was £0.00 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. Hipgnosis Songs Fund's Days Sales Outstanding for the six months ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hipgnosis Songs Fund's liquidation value for the six months ended in Sep. 2023 was £-552.53 Mil.

Hipgnosis Songs Fund Change In Receivables Historical Data

The historical data trend for Hipgnosis Songs Fund'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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Hipgnosis Songs Fund Change In Receivables Chart

Hipgnosis Songs Fund Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

-28.27

-38.94

-28.29

-11.55

Hipgnosis Songs Fund Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial				1.90	-30.27	-16.22	3.58	3.89

Hipgnosis Songs Fund 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 £7.48 Mil.

Hipgnosis Songs Fund (LSE:SONG) 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.

Hipgnosis Songs Fund's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	31.189	*	91
=	0.00

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

Hipgnosis Songs Fund'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)
=	27.743	-	580.276	+	0.75 * 0	+	0.5 * 0
=	-552.53

Hipgnosis Songs Fund Change In Receivables Related Terms

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Hipgnosis Songs Fund (LSE:SONG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hipgnosis Songs Fund Ltd (LSE:SONG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY

Website

https://www.hipgnosissongs.com

Hipgnosis Songs Fund Ltd is an investment company. The company's investment objective is to provide shareholders with an attractive and growing level of income, together with the potential for capital growth. It offers to play exposure to songs and associated musical intellectual property rights. Hipgnosis Songs Fund serves customers globally.