Tower (ASX:TWR) Change In Receivables : A$0.0 Mil (TTM As of Sep. 2023)

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What is Tower Change In Receivables?

Tower's change in receivables for the quarter that ended in Sep. 2023 was A$0.0 Mil. It means Tower's Accounts Receivable stayed the same from Mar. 2023 to Sep. 2023 .

Tower's change in receivables for the fiscal year that ended in Sep. 2023 was A$0.0 Mil. It means Tower's Accounts Receivable stayed the same from Sep. 2022 to Sep. 2023 .

Tower's Accounts Receivable for the quarter that ended in Sep. 2023 was A$375.1 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. Tower's Days Sales Outstanding for the six months ended in Sep. 2023 was 361.71.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tower's liquidation value for the six months ended in Sep. 2023 was A$-255.7 Mil.

Tower Change In Receivables Historical Data

The historical data trend for Tower'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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Tower Change In Receivables Chart

Tower Annual Data

Trend

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Sep23

Change In Receivables

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Tower Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Tower 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.0 Mil.

Tower (ASX:TWR) 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.

Tower's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	375.092	/	189.25	*	91
=	361.71

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

Tower's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	59.074	-	596.109	+	0.75 * 375.092	+	0.5 * 0
=	-255.7

Tower Change In Receivables Related Terms

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Tower (ASX:TWR) Business Description

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TWR:New Zealand

Address

136 Fanshawe Street, Level 5, PO Box 90347, Auckland, NTL, NZL, 1142

Website

https://www.tower.co.nz

Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives majority of its revenue from New Zealand segment.

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