2Go Group (PHS:2GO) Change In Receivables : ₱-253 Mil (TTM As of Mar. 2023)

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What is 2Go Group Change In Receivables?

2Go Group's change in receivables for the quarter that ended in Mar. 2023 was ₱345 Mil. It means 2Go Group's Accounts Receivable declined by ₱345 Mil from Dec. 2022 to Mar. 2023 .

2Go Group's change in receivables for the fiscal year that ended in Dec. 2022 was ₱-545 Mil. It means 2Go Group's Accounts Receivable increased by ₱545 Mil from Dec. 2021 to Dec. 2022 .

2Go Group's Accounts Receivable for the quarter that ended in Mar. 2023 was ₱2,803 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. 2Go Group's Days Sales Outstanding for the three months ended in Mar. 2023 was 49.60.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. 2Go Group's liquidation value for the three months ended in Mar. 2023 was ₱-9,770 Mil.

2Go Group Change In Receivables Historical Data

The historical data trend for 2Go 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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2Go Group Change In Receivables Chart

2Go Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-23.86

-39.58

-40.59

1,040.36

-544.61

2Go Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Receivables	Get a 7-Day Free Trial															53.74	-505.60	196.39	-289.14	345.37

2Go 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-253 Mil.

2Go Group (PHS:2GO) 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.

2Go Group's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2803.125	/	5156.739	*	91
=	49.60

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

2Go Group's liquidation value for the quarter that ended in Mar. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1328.833	-	13414.463	+	0.75 * 2803.125	+	0.5 * 426.947
=	-9,770

2Go Group Change In Receivables Related Terms

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2Go Group (PHS:2GO) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » 2Go Group Inc (PHS:2GO) » Definitions » Change In Receivables

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Address

Macapagal Boulevard, 8th Floor Double Dragon Plaza, Tower 1, corner EDSA Extension, Pasay, PHL, 1302

Website

https://www.2go.com.ph

2Go Group Inc is a Philippines-based logistics provider. The group owns and operates successful brands such as 2GO Travel, 2GO Freight, 2GO Express, and 2GO Logistics, offering an array of logistics and travel services. The business functions throughout the Philippines and it offers services such as international shipping, international freight forwarding, customs clearance, domestic shipping, freight and travel, warehousing, land transport, express, projects, and trade. Its reporting segments involve the shipping segment which t provides ocean-going transportation of passengers, rolling cargo, and freight cargo and the non-shipping segment provides logistics, sale of goods, supply chain management, and other services.

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