IRESS (IRSMF) Change In Receivables : $0.00 Mil (TTM As of Dec. 2023)

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What is IRESS Change In Receivables?

IRESS's change in receivables for the quarter that ended in Dec. 2023 was $0.00 Mil. It means IRESS's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

IRESS's change in receivables for the fiscal year that ended in Dec. 2023 was $0.00 Mil. It means IRESS's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

IRESS's Accounts Receivable for the quarter that ended in Dec. 2023 was $18.80 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. IRESS's Days Sales Outstanding for the six months ended in Dec. 2023 was 16.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. IRESS's liquidation value for the six months ended in Dec. 2023 was $-304.73 Mil.

IRESS Change In Receivables Historical Data

The historical data trend for IRESS'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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IRESS Change In Receivables Chart

IRESS Annual Data

Trend

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Dec23

Change In Receivables

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IRESS 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															-	-	-	-	-

IRESS 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 $0.00 Mil.

IRESS (OTCPK:IRSMF) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.802	/	207.775	*	91
=	16.51

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

IRESS'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)
=	29.371	-	348.198	+	0.75 * 18.802	+	0.5 * 0
=	-304.73

IRESS Change In Receivables Related Terms

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IRESS (IRSMF) Business Description

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IRE:Australia

Address

385 Bourke Street, Level 16, Melbourne, VIC, AUS, 3000

Website

https://www.iress.com

Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.