Close Brothers Group (Close Brothers Group) Change In Receivables : $2 Mil (TTM As of Jan. 2024)

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What is Close Brothers Group Change In Receivables?

Close Brothers Group's change in receivables for the quarter that ended in Jan. 2024 was $-8 Mil. It means Close Brothers Group's Accounts Receivable increased by $8 Mil from Jul. 2023 to Jan. 2024 .

Close Brothers Group's change in receivables for the fiscal year that ended in Jul. 2023 was $-9 Mil. It means Close Brothers Group's Accounts Receivable increased by $9 Mil from Jul. 2022 to Jul. 2023 .

Close Brothers Group's Accounts Receivable for the quarter that ended in Jan. 2024 was $0 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. Close Brothers Group's Days Sales Outstanding for the six months ended in Jan. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Close Brothers Group's liquidation value for the six months ended in Jan. 2024 was $-13,402 Mil.

Close Brothers Group Change In Receivables Historical Data

The historical data trend for Close Brothers 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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Close Brothers Group Change In Receivables Chart

Close Brothers Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Change In Receivables

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-5.98

-18.42

6.35

23.74

-8.76

Close Brothers Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Change In Receivables	Get a 7-Day Free Trial															2.03	21.94	-17.99	10.18	-8.01

Close Brothers 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 Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2 Mil.

Close Brothers Group (OTCPK:CBGPF) 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.

Close Brothers Group's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	648.03	*	91
=	0.00

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

Close Brothers Group's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2107.37	-	15509.53	+	0.75 * 0	+	0.5 * 0
=	-13,402

Close Brothers Group Change In Receivables Related Terms

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Close Brothers Group (Close Brothers Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Close Brothers Group PLC (OTCPK:CBGPF) » Definitions » Change In Receivables

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Traded in Other Exchanges

CBGPY:USA CBGl:UK CBG:UK CS3:Germany

Address

10 Crown Place, London, GBR, EC2A 4FT

Website

https://www.closebrothers.com

Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.

Close Brothers Group (Close Brothers Group) Headlines

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