Gemfields Group (JSE:GML) Change In Receivables : R223 Mil (TTM As of Dec. 2023)

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What is Gemfields Group Change In Receivables?

Gemfields Group's change in receivables for the quarter that ended in Dec. 2023 was R504 Mil. It means Gemfields Group's Accounts Receivable declined by R504 Mil from Jun. 2023 to Dec. 2023 .

Gemfields Group's change in receivables for the fiscal year that ended in Dec. 2023 was R225 Mil. It means Gemfields Group's Accounts Receivable declined by R225 Mil from Dec. 2022 to Dec. 2023 .

Gemfields Group's Accounts Receivable for the quarter that ended in Dec. 2023 was R820 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. Gemfields Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 74.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Gemfields Group's liquidation value for the six months ended in Dec. 2023 was R-651 Mil.

Gemfields Group Change In Receivables Historical Data

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

Gemfields Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-356.43

741.32

-812.90

-328.10

224.58

Gemfields 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															-818.45	-571.14	295.97	-281.25	504.15

Gemfields 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 R223 Mil.

Gemfields Group (JSE:GML) 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.

Gemfields 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
=	820.253	/	2019.796	*	91
=	74.11

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

Gemfields 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)
=	961.844	-	3249.523	+	0.75 * 820.253	+	0.5 * 2043.217
=	-651

Gemfields Group Change In Receivables Related Terms

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Gemfields Group (JSE:GML) Business Description

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PLLHF:USA GEM:UK 5PH:Germany

Address

St Julian’s Avenue, Royal Chambers, PO Box 186, St Peter Port, GGY, GY1 4HP

Website

https://www.gemfieldsgroup.com

Gemfields Group Ltd is engaged in the mining and marketing of colored gemstones. It has mining operations in Zambia for emeralds and amethysts, and in Mozambique for ruby and pink sapphire. The company's segments include Zambia, Mozambique, PGMs, Steel Making Materials, Corporate, Faberge, and Others.

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