Intercede Group (LSE:IGP) Change In Receivables : £-0.39 Mil (TTM As of Sep. 2023)

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What is Intercede Group Change In Receivables?

Intercede Group's change in receivables for the quarter that ended in Sep. 2023 was £1.88 Mil. It means Intercede Group's Accounts Receivable declined by £1.88 Mil from Mar. 2023 to Sep. 2023 .

Intercede Group's change in receivables for the fiscal year that ended in Mar. 2023 was £-0.83 Mil. It means Intercede Group's Accounts Receivable increased by £0.83 Mil from Mar. 2022 to Mar. 2023 .

Intercede Group's Accounts Receivable for the quarter that ended in Sep. 2023 was £3.60 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. Intercede Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 93.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Intercede Group's liquidation value for the six months ended in Sep. 2023 was £4.30 Mil.

Intercede Group Change In Receivables Historical Data

The historical data trend for Intercede 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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Intercede Group Change In Receivables Chart

Intercede Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-0.13

-0.36

1.08

-0.55

-0.83

Intercede Group 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															2.31	-2.86	1.44	-2.27	1.88

Intercede 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.39 Mil.

Intercede Group (LSE:IGP) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.6	/	6.993	*	91
=	93.95

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

Intercede Group'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)
=	9.724	-	8.127	+	0.75 * 3.6	+	0.5 * 0
=	4.30

Intercede Group Change In Receivables Related Terms

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Intercede Group (LSE:IGP) Business Description

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LYD:Germany

Address

St. Mary's Road, Lutterworth Hall, Lutterworth, Leicestershire, GBR, LE17 4PS

Website

https://www.intercede.com

Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment in a simple and cost-effective manner. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, Rest of Europe, North America, and Rest of World. The Majority of its revenue is derived from North America.

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