Legg Mason (Legg Mason) Change In Receivables : $8 Mil (TTM As of Jun. 2020)

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What is Legg Mason Change In Receivables?

Legg Mason's change in receivables for the quarter that ended in Jun. 2020 was $1 Mil. It means Legg Mason's Accounts Receivable declined by $1 Mil from Mar. 2020 to Jun. 2020 .

Legg Mason's change in receivables for the fiscal year that ended in Mar. 2020 was $18 Mil. It means Legg Mason's Accounts Receivable declined by $18 Mil from Mar. 2019 to Mar. 2020 .

Legg Mason's Accounts Receivable for the quarter that ended in Jun. 2020 was $406 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. Legg Mason's Days Sales Outstanding for the three months ended in Jun. 2020 was 55.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Legg Mason's liquidation value for the three months ended in Jun. 2020 was $-2,339 Mil.

Legg Mason Change In Receivables Historical Data

The historical data trend for Legg Mason'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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Legg Mason Change In Receivables Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Change In Receivables

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24.76

-42.40

-28.99

36.87

17.97

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Change In Receivables	Get a 7-Day Free Trial															10.90	-32.30	-28.14	67.52	1.00

Legg Mason 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $8 Mil.

Legg Mason (NYSE:LM) 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.

Legg Mason's Days Sales Outstanding for the quarter that ended in Jun. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	406.411	/	666.186	*	91
=	55.67

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

Legg Mason's liquidation value for the quarter that ended in Jun. 2020 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1378.726	-	4022.115	+	0.75 * 406.411	+	0.5 * 0
=	-2,339

Legg Mason Change In Receivables Related Terms

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Legg Mason (Legg Mason) Business Description

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Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.