Iomart Group (Iomart Group) Change In Receivables : $0.4 Mil (TTM As of Sep. 2023)

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What is Iomart Group Change In Receivables?

Iomart Group's change in receivables for the quarter that ended in Sep. 2023 was $2.4 Mil. It means Iomart Group's Accounts Receivable declined by $2.4 Mil from Mar. 2023 to Sep. 2023 .

Iomart Group's change in receivables for the fiscal year that ended in Mar. 2023 was $-4.0 Mil. It means Iomart Group's Accounts Receivable increased by $4.0 Mil from Mar. 2022 to Mar. 2023 .

Iomart Group's Accounts Receivable for the quarter that ended in Sep. 2023 was $31.4 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. Iomart Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 74.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Iomart Group's liquidation value for the six months ended in Sep. 2023 was $-87.2 Mil.

Iomart Group Change In Receivables Historical Data

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

Iomart Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-1.62

-1.37

3.49

4.29

-3.95

Iomart Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial															0.17	4.13	-1.79	-2.04	2.39

Iomart 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.4 Mil.

Iomart Group (OTCPK:IMRTF) 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.

Iomart 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
=	31.412	/	76.778	*	91
=	74.67

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

Iomart Group's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	13.209	-	123.984	+	0.75 * 31.412	+	0.5 * 0
=	-87.2

Iomart Group Change In Receivables Related Terms

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Iomart Group (Iomart Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Iomart Group PLC (OTCPK:IMRTF) » Definitions » Change In Receivables

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Traded in Other Exchanges

IOM.GB:UK IOM:UK LYU:Germany

Address

55 Robertson Street, 6 Atlantic Quay, Glasgow, GBR, G2 8JD

Website

https://www.iomart.com

Iomart Group PLC is engaged in the provision of managed cloud services. The company's reportable segment includes Easyspace and Cloud Services. The Cloud Services segment provides managed cloud computing facilities and services, through a network of owned data centers to the larger SME and corporate markets. The Easyspace segment provides a range of shared hosting and domain registration services to micro and SME companies. It generates maximum revenue from the Cloud Services segment. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in the Rest of the World.