Hennessy Advisors (Hennessy Advisors) Change In Receivables : $-0.16 Mil (TTM As of Dec. 2023)

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What is Hennessy Advisors Change In Receivables?

Hennessy Advisors's change in receivables for the quarter that ended in Dec. 2023 was $-0.12 Mil. It means Hennessy Advisors's Accounts Receivable increased by $0.12 Mil from Sep. 2023 to Dec. 2023 .

Hennessy Advisors's change in receivables for the fiscal year that ended in Sep. 2023 was $-0.14 Mil. It means Hennessy Advisors's Accounts Receivable increased by $0.14 Mil from Sep. 2022 to Sep. 2023 .

Hennessy Advisors's Accounts Receivable for the quarter that ended in Dec. 2023 was $2.16 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. Hennessy Advisors's Days Sales Outstanding for the three months ended in Dec. 2023 was 32.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hennessy Advisors's liquidation value for the three months ended in Dec. 2023 was $4.39 Mil.

Hennessy Advisors Change In Receivables Historical Data

The historical data trend for Hennessy Advisors'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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Hennessy Advisors Change In Receivables Chart

Hennessy Advisors Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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0.99

0.90

-0.29

0.66

-0.14

Hennessy Advisors 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															-0.10	0.22	0.03	-0.29	-0.12

Hennessy Advisors 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 $-0.16 Mil.

Hennessy Advisors (NAS:HNNA) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.155	/	6.144	*	91
=	32.01

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

Hennessy Advisors'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)
=	59.616	-	56.845	+	0.75 * 2.155	+	0.5 * 0
=	4.39

Hennessy Advisors Change In Receivables Related Terms

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Hennessy Advisors (Hennessy Advisors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hennessy Advisors Inc (NAS:HNNA) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

7250 Redwood Boulevard, Suite 200, Novato, CA, USA, 94945

Website

https://www.hennessyadvisors.com

Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced and fixed income products. It provides investment advisory services and shareholder services to the Hennessy Funds. Its investment advisory services include managing the composition of each fund's portfolio, including the purchase, retention, and disposition of portfolio securities in accordance with the Fund's investment objectives, policies, and restrictions; conducting investment research, and monitoring compliance with each fund's investment restrictions and applicable laws and regulations.

Executives

Neil J Hennessy	director, 10 percent owner, officer: President and CEO	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kiera Newton	director	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Knight Oriordan Lydia D	director	7240 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Rodger Offenbach	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Daniel B Steadman	director, officer: Executive Vice President	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Brian A Hennessey	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Teresa M Nilsen	director, officer: EVP, CFO and Secretary	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Thomas L Seavey	director	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kathryn Fahy	officer: SVP and CFO	7250 REDWOOD BOULEVARD, SUITE 200, NOVATO CA 94945
Susan Weber Pomilia	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Daniel G Libarie	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Charles W Bennett	director	700 IRWIN STREET, SAN RAFAEL CA 94901-3300
Henry Hansel	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945