Houlihan Lokey (Houlihan Lokey) Change In Receivables : $-33 Mil (TTM As of Dec. 2023)

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What is Houlihan Lokey Change In Receivables?

Houlihan Lokey's change in receivables for the quarter that ended in Dec. 2023 was $-44 Mil. It means Houlihan Lokey's Accounts Receivable increased by $44 Mil from Sep. 2023 to Dec. 2023 .

Houlihan Lokey's change in receivables for the fiscal year that ended in Mar. 2023 was $-49 Mil. It means Houlihan Lokey's Accounts Receivable increased by $49 Mil from Mar. 2022 to Mar. 2023 .

Houlihan Lokey's Accounts Receivable for the quarter that ended in Dec. 2023 was $153 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. Houlihan Lokey's Days Sales Outstanding for the three months ended in Dec. 2023 was 27.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Houlihan Lokey's liquidation value for the three months ended in Dec. 2023 was $-514 Mil.

Houlihan Lokey Change In Receivables Historical Data

The historical data trend for Houlihan Lokey'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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Houlihan Lokey Change In Receivables Chart

Houlihan Lokey Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-4.42

19.04

-111.49

32.16

-49.34

Houlihan Lokey 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															-4.53	3.64	52.54	-45.55	-44.11

Houlihan Lokey 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 $-33 Mil.

Houlihan Lokey (NYSE:HLI) 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.

Houlihan Lokey's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	152.755	/	511.13	*	91
=	27.27

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

Houlihan Lokey'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)
=	560.864	-	1189.605	+	0.75 * 152.755	+	0.5 * 0
=	-514

Houlihan Lokey Change In Receivables Related Terms

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Houlihan Lokey (Houlihan Lokey) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Houlihan Lokey Inc (NYSE:HLI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

2HL:Germany

Address

10250 Constellation Boulevard, 5th Floor, Los Angeles, CA, USA, 90067

Website

https://www.hl.com

Houlihan Lokey Inc is an investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. The company operates in three segments. In the Corporate Finance business segment, it provides M&A and capital markets advisory services. Through the Financial Restructuring business segment, the company advises on some of the complex restructurings around the world. Financial and Valuation Advisory Services business segment provides valuation and financial opinion, and financial and strategic consulting practices in the United States.

Executives

Irwin Gold	director, 10 percent owner, officer: EXECUTIVE CHAIRMAN
Christopher M Crain	officer: GENERAL COUNSEL	C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067
J Lindsey Alley	officer: CHIEF FINANCIAL OFFICER	C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067
Scott L Beiser	director, officer: CHIEF EXECUTIVE OFFICER	C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067
Robert A Schriesheim	director	3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179
Todd J Carter	director	700 CANAL STREET, THIRD FLOOR, STAMFORD CT 06902
Paul Andrew Zuber	director	C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067
Scott Joseph Adelson	director, officer: CO-PRESIDENT	1930 CENTURY PARK WEST, LOS ANGELES CA 90067
Ekpedeme M Bassey	director	C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067
Cyrus D. Walker	director	C/O MARIPOSA CAPITAL, LLC, 500 SOUTH POINTE DRIVE, SUITE 240, MIAMI BEACH FL 33139
David A Preiser	director, officer: CO-PRESIDENT
Gillian Beth Zucker	director	C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BOULEVARD, 5TH FLOOR, LOS ANGELES AR 90067
Orix Hlhz Holding Llc	10 percent owner	1717 MAIN STREET, SUITE 900, DALLAS TX 75201
Orix Corp	10 percent owner	WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135
Jacqueline B Kosecoff	director	5960 HEISLEY ROAD, MENTOR OH 44060