Magic Software Enterprises (Magic Software Enterprises) Change In Receivables : $15.9 Mil (TTM As of Dec. 2023)

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What is Magic Software Enterprises Change In Receivables?

Magic Software Enterprises's change in receivables for the quarter that ended in Dec. 2023 was $-7.3 Mil. It means Magic Software Enterprises's Accounts Receivable increased by $7.3 Mil from Sep. 2023 to Dec. 2023 .

Magic Software Enterprises's change in receivables for the fiscal year that ended in Dec. 2023 was $15.9 Mil. It means Magic Software Enterprises's Accounts Receivable declined by $15.9 Mil from Dec. 2022 to Dec. 2023 .

Magic Software Enterprises's Accounts Receivable for the quarter that ended in Dec. 2023 was $131.4 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. Magic Software Enterprises's Days Sales Outstanding for the three months ended in Dec. 2023 was 95.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Magic Software Enterprises's liquidation value for the three months ended in Dec. 2023 was $-27.8 Mil.

Magic Software Enterprises Change In Receivables Historical Data

The historical data trend for Magic Software Enterprises'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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Magic Software Enterprises Change In Receivables Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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16.14

-0.54

-21.86

-5.48

15.86

Magic Software Enterprises 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															-2.30	-4.16	13.05	14.25	-7.29

Magic Software Enterprises 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 $15.9 Mil.

Magic Software Enterprises (NAS:MGIC) 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.

Magic Software Enterprises's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	131.409	/	125.545	*	91
=	95.51

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

Magic Software Enterprises'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)
=	107.105	-	233.476	+	0.75 * 131.409	+	0.5 * 0
=	-27.8

Magic Software Enterprises Change In Receivables Related Terms

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Magic Software Enterprises (Magic Software Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (NAS:MGIC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MGIC:Israel MGK:Germany MGK:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Or Yehuda, ISR, 6037501

Website

https://www.magicsoftware.com

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.