IG Design Group (LSE:IGR) Accounts Receivable : £203.9 Mil (As of Sep. 2023)

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What is IG Design Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. IG Design Group's accounts receivables for the quarter that ended in Sep. 2023 was £203.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. IG Design Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 103.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. IG Design Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-0.36.

IG Design Group Accounts Receivable Historical Data

The historical data trend for IG Design Group's Accounts Receivable 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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IG Design Group Accounts Receivable Chart

IG Design Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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49.06

77.87

83.53

87.53

66.72

IG Design Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															216.95	87.53	234.88	66.72	203.89

IG Design Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

IG Design Group Accounts Receivable 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 receivables are being managed.

IG Design Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	203.893	/	358.792	*	91
=	103.71

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), IG Design Group's accounts receivable are only considered to be worth 75% of book value:

IG Design Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(57.825	+	0.75 * 203.893	+	0.5 * 176.786	-	329.09
-	0	-	5.6)	/	98.1749
=	-0.36

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

IG Design Group Accounts Receivable Related Terms

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IG Design Group (LSE:IGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » IG Design Group PLC (LSE:IGR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

IGR.GB:UK

Address

Howard Way, Howard House, Interchange Park, Newport Pagnell, GBR, MK16 9PX

Website

https://www.thedesigngroup.com

IG Design Group PLC is a UK-based company that operates in a single segment of design, manufacture, and distribution of Celebrations, Craft and creative play, Stationery, Gifting, and 'Not-for-resale' consumable products. Its Celebrations products are greetings cards, gift wrap, Christmas crackers, gift bags, and partyware. Gifting items include food and non-food gifts, photo Frames and Albums, and Calendars. Its Craft product ranges include Ribbons and Trim, Sewing Patterns, Buttons, Needlecrafts, and Kids Craft lines. The not-For-resale category includes Paper Twist Handle Bags and Polaris. It operates in two geographical segments: DG Americas, which includes overseas operations; and DG International, which consists of the UK and associated Asian operations, Europe, and Australia.