Speedy Hire (LSE:SDY) Change In Receivables : £11.8 Mil (TTM As of Sep. 2023)

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What is Speedy Hire Change In Receivables?

Speedy Hire's change in receivables for the quarter that ended in Sep. 2023 was £-1.3 Mil. It means Speedy Hire's Accounts Receivable increased by £1.3 Mil from Mar. 2023 to Sep. 2023 .

Speedy Hire's change in receivables for the fiscal year that ended in Mar. 2023 was £1.5 Mil. It means Speedy Hire's Accounts Receivable declined by £1.5 Mil from Mar. 2022 to Mar. 2023 .

Speedy Hire's Accounts Receivable for the quarter that ended in Sep. 2023 was £108.4 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. Speedy Hire's Days Sales Outstanding for the six months ended in Sep. 2023 was 94.88.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Speedy Hire's liquidation value for the six months ended in Sep. 2023 was £-199.7 Mil.

Speedy Hire Change In Receivables Historical Data

The historical data trend for Speedy Hire'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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Speedy Hire Change In Receivables Chart

Speedy Hire Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-0.70

-0.60

9.30

-15.50

1.50

Speedy Hire 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															-	-	-11.60	13.10	-1.30

Speedy Hire 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 £11.8 Mil.

Speedy Hire (LSE:SDY) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	108.4	/	208.5	*	91
=	94.88

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

Speedy Hire'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)
=	1.8	-	289	+	0.75 * 108.4	+	0.5 * 12.5
=	-199.7

Speedy Hire Change In Receivables Related Terms

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Speedy Hire (LSE:SDY) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Speedy Hire PLC (LSE:SDY) » Definitions » Change In Receivables

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Address

Chase House, 16 The Parks, Newton-le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.speedyservices.com

Speedy Hire PLC is a UK-based company engaged in the provision of equipment for hire and sale and associated services to construction, infrastructure, industry, and related industries. It delivers asset management with tailored services and a continued commitment to relationship management. It generates revenue from Hire and related activities followed by services provided. The company's geographical segments are the United Kingdom and Ireland, of which the majority of its revenue comes from the United Kingdom.