The Ultimate Software Group (The Ultimate Software Group) Change In Receivables : $-56 Mil (TTM As of Mar. 2019)

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What is The Ultimate Software Group Change In Receivables?

The Ultimate Software Group's change in receivables for the quarter that ended in Mar. 2019 was $-12 Mil. It means The Ultimate Software Group's Accounts Receivable increased by $12 Mil from Dec. 2018 to Mar. 2019 .

The Ultimate Software Group's change in receivables for the fiscal year that ended in Dec. 2018 was $-48 Mil. It means The Ultimate Software Group's Accounts Receivable increased by $48 Mil from Dec. 2017 to Dec. 2018 .

The Ultimate Software Group's Accounts Receivable for the quarter that ended in Mar. 2019 was $248 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. The Ultimate Software Group's Days Sales Outstanding for the three months ended in Mar. 2019 was 67.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. The Ultimate Software Group's liquidation value for the three months ended in Mar. 2019 was $-1,600 Mil.

The Ultimate Software Group Change In Receivables Historical Data

The historical data trend for The Ultimate Software 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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The Ultimate Software Group Change In Receivables Chart

The Ultimate Software Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Receivables

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-16.81

-34.58

-35.00

-34.48

-48.23

The Ultimate Software Group Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Change In Receivables	Get a 7-Day Free Trial															-4.30	-4.79	-9.49	-29.65	-12.34

The Ultimate Software 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-56 Mil.

The Ultimate Software Group (NAS:ULTI) 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.

The Ultimate Software Group's Days Sales Outstanding for the quarter that ended in Mar. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	247.651	/	335.005	*	91
=	67.46

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

The Ultimate Software Group's liquidation value for the quarter that ended in Mar. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	103.872	-	1889.922	+	0.75 * 247.651	+	0.5 * 0
=	-1,600

The Ultimate Software Group Change In Receivables Related Terms

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The Ultimate Software Group (The Ultimate Software Group) Business Description

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Address

2000 Ultimate Way, Weston, FL, USA, 33326

Website

http://www.ultimatesoftware.com

The Ultimate Software Group is a provider of human capital management software solutions. The firm's UltiPro product suite includes human resources, payroll, and benefits management functionality, available in 12 languages and 35 country-specific localizations. Its solutions manage the complete employee lifecycle from recruitment to retirement, and include talent acquisition and onboarding, performance management, salary planning, budgeting, succession management, reporting, and analytical capabilities. The firm generates revenue through cloud subscription fees and implementation consulting services fees. All of the firm's revenue is generated in the United States and Canada.

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