Pzena Investment Management (Pzena Investment Management) Change In Receivables : $6.5 Mil (TTM As of Jun. 2022)

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What is Pzena Investment Management Change In Receivables?

Pzena Investment Management's change in receivables for the quarter that ended in Jun. 2022 was $5.1 Mil. It means Pzena Investment Management's Accounts Receivable declined by $5.1 Mil from Mar. 2022 to Jun. 2022 .

Pzena Investment Management's change in receivables for the fiscal year that ended in Dec. 2021 was $-4.6 Mil. It means Pzena Investment Management's Accounts Receivable increased by $4.6 Mil from Dec. 2020 to Dec. 2021 .

Pzena Investment Management's Accounts Receivable for the quarter that ended in Jun. 2022 was $37.0 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. Pzena Investment Management's Days Sales Outstanding for the three months ended in Jun. 2022 was 69.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Pzena Investment Management's liquidation value for the three months ended in Jun. 2022 was $-52.3 Mil.

Pzena Investment Management Change In Receivables Historical Data

The historical data trend for Pzena Investment Management'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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Pzena Investment Management Change In Receivables Chart

Pzena Investment Management Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Receivables

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-7.23

1.82

-0.62

-3.75

-4.57

Pzena Investment Management Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Receivables	Get a 7-Day Free Trial															-0.05	2.40	-0.95	5.12	-

Pzena Investment Management 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.5 Mil.

Pzena Investment Management (NYSE:PZN) 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.

Pzena Investment Management's Days Sales Outstanding for the quarter that ended in Jun. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	37.012	/	48.697	*	91
=	69.35

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

Pzena Investment Management's liquidation value for the quarter that ended in Jun. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	49.412	-	129.427	+	0.75 * 37.012	+	0.5 * 0
=	-52.3

Pzena Investment Management Change In Receivables Related Terms

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Pzena Investment Management (Pzena Investment Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pzena Investment Management Inc (NYSE:PZN) » Definitions » Change In Receivables

Comparable Companies

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Traded in Other Exchanges

N/A

Address

320 Park Avenue, 8th Floor, New York, NY, USA, 10022

Website

https://www.pzena.com

Pzena Investment Management Inc is a United States (U.S) based investment management company. The company adopts value-oriented investment strategies across a wide range of market capitalizations in both U.S. and non-U.S. capital markets. It manages separate accounts on behalf of institutions; acts as the sub-investment adviser for a variety of Securities and Exchange Commission registered mutual funds and non-U.S. funds, and act as investment adviser for the Pzena Mutual Funds as well as certain private placement funds. In addition, the company offers institutional investment products to public and corporate pension funds, endowments, foundations, and certain commingled vehicles geared toward institutional investors. The primary source of the revenue is management fees received.

Executives

Shavar Dakel Jeffries	director	50 HALSEY STREET, APT. 708T, NEWARK NJ 07102
Chenyu Caroline Cai	director, officer: Executive Vice President	320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
Joel Greenblatt	director	535 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Steven M Galbraith	director	C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Richard P. Meyerowich	director	C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Evan K. Fire	officer: Chief Operating Officer	PZENA INVESTMENT MANAGEMENT, INC., 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
John Paul Goetz	director, officer: President and Co-CIO	C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Richard Stanton Pzena	director, officer: Chairman, CEO and Co-CIO	C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
William Louis Lipsey	director, officer: Pres., Marketing/Client Serv.	C/O PZENA INVESTMENT MANAGEMENT LLC, 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022
Jessica R Doran	officer: Chief Financial Officer	320 PARK AVENUE, 8TH FLOOR, C/O PZENA INVESTMENT MANAGEMENT, LLC, NEW YORK NY 10022
Punch Howard D. Jr	10 percent owner	7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435
Punch & Associates Investment Management, Inc.	10 percent owner	7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435
Charles D Johnston	director	C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Gary J Bachman	officer: Chief Financial Officer	C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036
Michael D Peterson	officer: Executive Vice President	C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036