Sothebys's change in receivables for the quarter that ended in Jun. 2019 was $-179 Mil. It means Sothebys's Accounts Receivable
increased by $179 Mil
from Mar. 2019 to Jun. 2019 .
Sothebys's change in receivables for the fiscal year that ended in Dec. 2018 was $-293 Mil. It means Sothebys's Accounts Receivable
increased by $293 Mil
from Dec. 2017 to Dec. 2018 .
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.
Sothebys's Days Sales Outstanding for the
three
months ended in Jun. 2019 was 227.10.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sothebys's liquidation value for the
three
months ended in Jun. 2019 was $-1,434 Mil.
Sothebys Change In Receivables Historical Data
The historical data trend for Sothebys'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.
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 Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $4 Mil.
* 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.
Sothebys (NYSE:BID) 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.
Sothebys's Days Sales Outstanding for the quarter that ended in Jun. 2019 is calculated as:
* 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.
Sothebys Change In Receivables Related Terms
Thank you for viewing the detailed overview of Sothebys's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
Sothebys is a global art business based in the United States. Its operations are organized under two segments: agency and finance. The agency business provides an auction space or private sale arrangements for sellers and buyers of fine art, decorative art, wine, jewelry and collectibles. The finance segment provides financing activities for collectors and art dealers. Sotheby's auction commissions include those paid by both buyer and seller, both of which are calculated as a percentage of the price of the property sold at auction. Sotheby's private sale commissions are part of a legally binding agreement between Sotheby's and the seller.
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