Lee Enterprises (Lee Enterprises) Change In Receivables : $-1.7 Mil (TTM As of Dec. 2023)

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What is Lee Enterprises Change In Receivables?

Lee Enterprises's change in receivables for the quarter that ended in Dec. 2023 was $-3.0 Mil. It means Lee Enterprises's Accounts Receivable increased by $3.0 Mil from Sep. 2023 to Dec. 2023 .

Lee Enterprises's change in receivables for the fiscal year that ended in Sep. 2023 was $-6.7 Mil. It means Lee Enterprises's Accounts Receivable increased by $6.7 Mil from Sep. 2022 to Sep. 2023 .

Lee Enterprises's Accounts Receivable for the quarter that ended in Dec. 2023 was $68.1 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. Lee Enterprises's Days Sales Outstanding for the three months ended in Dec. 2023 was 39.92.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lee Enterprises's liquidation value for the three months ended in Dec. 2023 was $-610.1 Mil.

Lee Enterprises Change In Receivables Historical Data

The historical data trend for Lee Enterprises'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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Lee Enterprises Change In Receivables Chart

Lee Enterprises Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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1.70

26.91

-13.98

-7.80

-6.74

Lee Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-8.03	9.75	-1.60	-6.86	-3.04

Lee Enterprises 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 quarterly data reported by the company within the most recent 12 months, which was $-1.7 Mil.

Lee Enterprises (NAS:LEE) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	68.103	/	155.678	*	91
=	39.92

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

Lee Enterprises'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)
=	15.365	-	680.319	+	0.75 * 68.103	+	0.5 * 7.637
=	-610.1

Lee Enterprises Change In Receivables Related Terms

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Lee Enterprises (Lee Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Lee Enterprises Inc (NAS:LEE) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

LE70:Germany

Address

4600 E 53rd Street, Davenport, IA, USA, 52807

Website

https://www.lee.net

Lee Enterprises Inc is a local news publication company in the United States. It is a digital-first subscription business providing local markets with valuable, high quality, trusted, intensely local news, information, advertising and marketing services. Its product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche products, all delivering original local news and information as well as national and international news. The products offer digital and print editions, and its content and advertising is available in real time through the websites and mobile apps.

Executives

Shaun Mcalmont	director	C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Moloney Herbert W Iii	director	215 N MAIN STREET, SUITE 400, DAVENPORT IA 52801
Steven C. Fletcher	director	C/O LEE ENTERPRISES, INCORPORATED, 4600 EAST 53RD STREET, DAVENPORT IA 52807
Margaret R. Liberman	director	C/O LEE ENTERPRISES, INCORPORATED, 201 N. HARRISON STREET, STE. 600, DAVENPORT IA 52801
David T. Pearson	director	C/O VONAGE HOLDINGS CORP, 23 MAIN STREET, HOLMDEL NJ 07733
Jolene N. Sherman	officer: V.P. - Business Development	C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT IA 52807
Joseph J Battistoni	officer: VP - Local Advertising	C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT IA 52807
Astrid J Garcia	officer: VP - Human Resources & Legal	C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT IA 52807
Cannell Capital Llc	10 percent owner	245 MERIWETHER CIRCLE, ALTA WY 83414
Nancy S Donovan	director
William E Mayer	director	C/O LEE ENTERPRISES INC, 201 N. HARRISON ST., STE. 600, DAVENPORT IA 52801
Ray G Farris	officer: V.P. & Group Publisher	C/O LEE ENTERPRISES, INCORPORATED, 201 N HARRISON STREET, STE. 600, DAVENPORT IA 52801
Gregory P Schermer	director, 10 percent owner, officer: Vice Pres.-Interactive Media	C/O LEE ENTERPRISES INCORPORATED, 215 N MAIN STREET STE 400, DAVENPORT IA 52801
Timothy R. Millage	officer: V.P., CFO and Treasurer	C/O LEE ENTERPRISES, INCORPORATED, 201 N HARRISON STREET, STE. 600, DAVENPORT IA 52801
Michael R Gulledge	officer: Vice President - Publishing	C/O LEE ENTERPRISES, INCORPORATED, 201 N. HARRISON STREET, DAVENPORT IA 52801-1939