Symphony Environmental Technologies (LSE:SYM) Change In Receivables : £0.48 Mil (TTM As of Jun. 2023)

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What is Symphony Environmental Technologies Change In Receivables?

Symphony Environmental Technologies's change in receivables for the quarter that ended in Jun. 2023 was £0.17 Mil. It means Symphony Environmental Technologies's Accounts Receivable declined by £0.17 Mil from Dec. 2022 to Jun. 2023 .

Symphony Environmental Technologies's change in receivables for the fiscal year that ended in Dec. 2022 was £0.80 Mil. It means Symphony Environmental Technologies's Accounts Receivable declined by £0.80 Mil from Dec. 2021 to Dec. 2022 .

Symphony Environmental Technologies's Accounts Receivable for the quarter that ended in Jun. 2023 was £2.18 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. Symphony Environmental Technologies's Days Sales Outstanding for the six months ended in Jun. 2023 was 111.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Symphony Environmental Technologies's liquidation value for the six months ended in Jun. 2023 was £-1.32 Mil.

Symphony Environmental Technologies Change In Receivables Historical Data

The historical data trend for Symphony Environmental Technologies'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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Symphony Environmental Technologies Change In Receivables Chart

Symphony Environmental Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-1.22

-0.16

-1.35

0.45

0.80

Symphony Environmental Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial															1.05	-0.60	0.49	0.30	0.17

Symphony Environmental Technologies 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.48 Mil.

Symphony Environmental Technologies (LSE:SYM) 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.

Symphony Environmental Technologies's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.175	/	3.574	*	91
=	111.06

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

Symphony Environmental Technologies's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.162	-	4.599	+	0.75 * 2.175	+	0.5 * 0.966
=	-1.32

Symphony Environmental Technologies Change In Receivables Related Terms

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Symphony Environmental Technologies (LSE:SYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Symphony Environmental Technologies PLC (LSE:SYM) » Definitions » Change In Receivables

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Traded in Other Exchanges

XP7:Germany

Address

6 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, GBR, WD6 1JD

Website

https://www.symphonyenvironmental.com

Symphony Environmental Technologies PLC develops and markets environmental plastic products. It has developed a protective plastic technology under the d2p (designed to protect) brand, which offers extra protection from bacteria, insects, fungi, algae, odor, fouling, and fire. Its products include d2w a masterbatch system that turns ordinary plastic into a material with a different molecular structure, d2Detector is a portable XRF that determines whether a plastic product contains d2w, d2p offers extra protection to plastic product, and d2t offers a tracer system to determine the authenticity of plastic packaging and other plastic products. Its geographic areas are the United Kingdom, Europe, the Americas, the Middle East and Asia, and Africa.