Credit Group (ASX:CCP) Change In Receivables : A$0.0 Mil (TTM As of Dec. 2023)

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What is Credit Group Change In Receivables?

Credit Group's change in receivables for the quarter that ended in Dec. 2023 was A$0.0 Mil. It means Credit Group's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Credit Group's change in receivables for the fiscal year that ended in Jun. 2023 was A$0.0 Mil. It means Credit Group's Accounts Receivable stayed the same from Jun. 2022 to Jun. 2023 .

Credit Group's Accounts Receivable for the quarter that ended in Dec. 2023 was A$14.5 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. Credit Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 12.44.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Credit Group's liquidation value for the six months ended in Dec. 2023 was A$-414.4 Mil.

Credit Group Change In Receivables Historical Data

The historical data trend for Credit Group'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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Credit Group Change In Receivables Chart

Credit Group Annual Data

Trend

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Jun23

Change In Receivables

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Credit Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Credit Group 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 semi-annually data reported by the company within the most recent 12 months, which was A$0.0 Mil.

Credit Group (ASX:CCP) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.516	/	212.986	*	91
=	12.44

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

Credit Group'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)
=	31.981	-	457.313	+	0.75 * 14.516	+	0.5 * 0
=	-414.4

Credit Group Change In Receivables Related Terms

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Credit Group (ASX:CCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Corp Group Ltd (ASX:CCP) » Definitions » Change In Receivables

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2RC:Germany

Address

201 Kent Street, Level 15, Sydney, NSW, AUS, 2000

Website

https://www.creditcorp.com.au

Credit Corp operates in the distressed consumer debt market. In its core business, it acquires purchased debt ledgers, or PDLs, in Australia and is expanding this business globally by buying PDLs in the United States. These PDLs consist of unsecured debt that are at least six months in arrears and have already been through a collection process. Since 2012, Credit Corp also diversified its business into providing consumer credit to customers who are unable to gain access to credit from primary sources such as banks because of a poor credit history. Its consumer credit business is gaining scale but is also subject to increased regulatory scrutiny.

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