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Thermon Group Holdings Change In Receivables

: $-14.3 Mil (TTM As of Sep. 2019)
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Thermon Group Holdings's change in receivables for the quarter that ended in Sep. 2019 was $5.7 Mil. It means Thermon Group Holdings's Accounts Receivable increased by $5.7 Mil from Jun. 2019 to Sep. 2019 .

Thermon Group Holdings's change in receivables for the fiscal year that ended in Mar. 2019 was $-26.5 Mil. It means Thermon Group Holdings's Accounts Receivable declined by $26.5 Mil from Mar. 2018 to Mar. 2019 .

Thermon Group Holdings's Accounts Receivable for the quarter that ended in Sep. 2019 was $98.1 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. Thermon Group Holdings's Days Sales Outstanding for the three months ended in Sep. 2019 was 86.94.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thermon Group Holdings's liquidation value for the three months ended in Sep. 2019 was $-155.9 Mil.


Thermon Group Holdings Change In Receivables Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Thermon Group Holdings Annual Data
Mar09 Mar10 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.75 4.86 -2.61 -19.89 -26.53

Thermon Group Holdings Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.22 -20.84 -8.85 9.68 5.68

Thermon Group Holdings 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 Sep. 2019 was -20.842 (Dec. 2018 ) + -8.851 (Mar. 2019 ) + 9.683 (Jun. 2019 ) + 5.684 (Sep. 2019 ) = $-14.3 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Thermon Group Holdings  (NYSE:THR) 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.

Thermon Group Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=98.075/102.935*91
=86.94

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

Thermon Group Holdings's liquidation value for the quarter that ended in Sep. 2019 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=39.014-301.383+0.75 * 98.075+0.5 * 65.779
=-155.9

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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