CIC Holdings (COL:CIC.N0000) Change In Receivables : රු-2,383 Mil (TTM As of Dec. 2023)

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What is CIC Holdings Change In Receivables?

CIC Holdings's change in receivables for the quarter that ended in Dec. 2023 was රු-1,285 Mil. It means CIC Holdings's Accounts Receivable increased by රු1,285 Mil from Sep. 2023 to Dec. 2023 .

CIC Holdings's change in receivables for the fiscal year that ended in Mar. 2023 was රු2,595 Mil. It means CIC Holdings's Accounts Receivable declined by රු2,595 Mil from Mar. 2022 to Mar. 2023 .

CIC Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was රු10,790 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. CIC Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 38.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CIC Holdings's liquidation value for the three months ended in Dec. 2023 was රු-14,915 Mil.

CIC Holdings Change In Receivables Historical Data

The historical data trend for CIC Holdings'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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CIC Holdings Change In Receivables Chart

CIC Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-3,736.24

-2,183.09

1,226.83

-1,619.57

2,594.80

CIC Holdings 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															1,094.75	2,051.30	-401.41	-2,747.67	-1,285.04

CIC Holdings 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 රු-2,383 Mil.

CIC Holdings (COL:CIC.N0000) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10789.71	/	25368.45	*	91
=	38.81

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

CIC Holdings'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)
=	8889.73	-	40637.92	+	0.75 * 10789.71	+	0.5 * 17481.03
=	-14,915

CIC Holdings Change In Receivables Related Terms

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CIC Holdings (COL:CIC.N0000) Business Description

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Traded in Other Exchanges

CIC.X0000:Sri Lanka

Address

199, Kew Road, Colombo, LKA, 02

Website

https://www.cic.lk

CIC Holdings PLC carries on the business of merchandising and manufacturing as its principal activities. The group has five strategic divisions which are its reportable segments, namely Crop solutions, Agri Produce, Lives Stock Solutions, Industrial Solutions, and Health and Personal care. Geographically, it generates the majority of the revenue from Srilanka and also exports to other countries.

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