Ashtead Group (Ashtead Group) Change In Receivables : $-148 Mil (TTM As of Jan. 2024)

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What is Ashtead Group Change In Receivables?

Ashtead Group's change in receivables for the quarter that ended in Jan. 2024 was $31 Mil. It means Ashtead Group's Accounts Receivable declined by $31 Mil from Oct. 2023 to Jan. 2024 .

Ashtead Group's change in receivables for the fiscal year that ended in Apr. 2023 was $-210 Mil. It means Ashtead Group's Accounts Receivable increased by $210 Mil from Apr. 2022 to Apr. 2023 .

Ashtead Group's Accounts Receivable for the quarter that ended in Jan. 2024 was $2,007 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. Ashtead Group's Days Sales Outstanding for the three months ended in Jan. 2024 was 68.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ashtead Group's liquidation value for the three months ended in Jan. 2024 was $-13,264 Mil.

Ashtead Group Change In Receivables Historical Data

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

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Receivables

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-109.53

117.34

-127.80

-164.10

-209.60

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															109.90	79.90	-164.60	-94.00	30.90

Ashtead 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-148 Mil.

Ashtead Group (OTCPK:ASHTF) 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.

Ashtead Group's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2007.2	/	2657.8	*	91
=	68.91

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

Ashtead Group's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	22.4	-	14888	+	0.75 * 2007.2	+	0.5 * 192.5
=	-13,264

Ashtead Group Change In Receivables Related Terms

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Ashtead Group (Ashtead Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTF) » Definitions » Change In Receivables

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Traded in Other Exchanges

ASHTY:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.