2 Cheap Cars Group (NZSE:2CC) Change In Receivables : NZ$0.00 Mil (TTM As of Mar. 2024)

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What is 2 Cheap Cars Group Change In Receivables?

2 Cheap Cars Group's change in receivables for the quarter that ended in Mar. 2024 was NZ$0.00 Mil. It means 2 Cheap Cars Group's Accounts Receivable stayed the same from Sep. 2023 to Mar. 2024 .

2 Cheap Cars Group's change in receivables for the fiscal year that ended in Mar. 2024 was NZ$0.00 Mil. It means 2 Cheap Cars Group's Accounts Receivable stayed the same from Mar. 2023 to Mar. 2024 .

2 Cheap Cars Group's Accounts Receivable for the quarter that ended in Mar. 2024 was NZ$0.60 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. 2 Cheap Cars Group's Days Sales Outstanding for the six months ended in Mar. 2024 was 2.47.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. 2 Cheap Cars Group's liquidation value for the six months ended in Mar. 2024 was NZ$-1.93 Mil.

2 Cheap Cars Group Change In Receivables Historical Data

The historical data trend for 2 Cheap Cars 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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2 Cheap Cars Group Change In Receivables Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Change In Receivables

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Change In Receivables	Get a 7-Day Free Trial			-	-	-	-	-

2 Cheap Cars 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$0.00 Mil.

2 Cheap Cars Group (NZSE:2CC) 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.

2 Cheap Cars Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.601	/	44.378	*	91
=	2.47

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

2 Cheap Cars Group'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)
=	4.673	-	13.992	+	0.75 * 0.601	+	0.5 * 13.873
=	-1.93

2 Cheap Cars Group Change In Receivables Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Change In Receivables

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Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

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