IKTSY (Intertek Group) Change In Receivables : $-3 Mil (TTM As of Jun. 2024)

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What is Intertek Group Change In Receivables?

Intertek Group's change in receivables for the quarter that ended in Jun. 2024 was $-77 Mil. It means Intertek Group's Accounts Receivable increased by $77 Mil from Dec. 2023 to Jun. 2024 .

Intertek Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-52 Mil. It means Intertek Group's Accounts Receivable increased by $52 Mil from Dec. 2022 to Dec. 2023 .

Intertek Group's Accounts Receivable for the quarter that ended in Jun. 2024 was $994 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. Intertek Group's Days Sales Outstanding for the six months ended in Jun. 2024 was 85.40.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Intertek Group's liquidation value for the six months ended in Jun. 2024 was $-1,696 Mil.

Intertek Group Change In Receivables Historical Data

The historical data trend for Intertek 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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Intertek Group Change In Receivables Chart

Intertek Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-33.55

71.10

-38.83

-66.14

-52.15

Intertek Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial															-48.52	-18.15	-125.38	73.54	-76.85

Intertek 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3 Mil.

Intertek Group (OTCPK:IKTSY) 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.

Intertek Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	993.893	/	2124.046	*	91
=	85.40

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

Intertek Group's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	452.799	-	2905.471	+	0.75 * 993.893	+	0.5 * 23.41
=	-1,696

Intertek Group Change In Receivables Related Terms

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Intertek Group Business Description

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Traded in Other Exchanges

IKTSF:USA ITRKl:UK ITRK:UK

Address

33 Cavendish Square, London, GBR, W1G 0PS

Website

https://www.intertek.com

FTSE 100 firm Intertek is one of the largest and oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. Intertek is one of only four TIC companies that operate globally across numerous industries. The firm listed in 2002, following a divestment by Charterhouse. It employs almost 44,000 people worldwide.