EZZ Steel CoE (LSE:67NW) Change In Receivables: £-171.26 Mil (TTM As of Jun. 2024)

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What is EZZ Steel CoE Change In Receivables?

EZZ Steel CoE LSE:67NW 4 Change In Receivables is £-171.26 Mil as of Jun. 2024. GuruFocus rates LSE:67NW with a GF Score™ of 4/100. The stock has 7 warning signs investors should review.

EZZ Steel CoE's change in receivables for the quarter that ended in Jun. 2024 was £10.04 Mil. It means EZZ Steel CoE's Accounts Receivable declined by £10.04 Mil from Mar. 2024 to Jun. 2024 .

EZZ Steel CoE's change in receivables for the fiscal year that ended in Dec. 2023 was £-24.49 Mil. It means EZZ Steel CoE's Accounts Receivable increased by £24.49 Mil from Dec. 2022 to Dec. 2023 .

EZZ Steel CoE's Accounts Receivable for the quarter that ended in Jun. 2024 was £86.17 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. EZZ Steel CoE's Days Sales Outstanding for the three months ended in Jun. 2024 was 9.45.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. EZZ Steel CoE's liquidation value for the three months ended in Jun. 2024 was £-1,265.18 Mil.

EZZ Steel CoE  (LSE:67NW) 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.

EZZ Steel CoE's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=86.168/832.371*91
=9.45

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

EZZ Steel CoE'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)
=300.305-1922.057+0.75 * 86.168+0.5 * 583.886
=-1,265.18

* 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.

EZZ Steel CoE Change In Receivables Related Terms

EZZ Steel CoE Change In Receivables Historical Data

* Premium members only.

The historical data trend for EZZ Steel CoE'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.

EZZ Steel CoE Change In Receivables Chart

EZZ Steel CoE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -291.81 -464.70 84.59 -83.40 -24.49

EZZ Steel CoE Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.47 8.92 -59.24 -130.98 10.04

EZZ Steel CoE 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 quarterly data reported by the company within the most recent 12 months, which was £-171.26 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of £-171.26 Mil mean?
EZZ Steel CoE (LSE:67NW) has a Change In Receivables of £-171.26 Mil as of Jun. 2024. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for EZZ Steel CoE and its competitors.
Is EZZ Steel CoE's Change In Receivables too high?
EZZ Steel CoE's current Change In Receivables is £-171.26 Mil. Overall, EZZ Steel CoE has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does EZZ Steel CoE's Change In Receivables compare to NUE and STLD?
EZZ Steel CoE's Change In Receivables of £-171.26 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Steel company?
A good Change In Receivables depends on the Steel industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for EZZ Steel CoE and its competitors. EZZ Steel CoE's current Change In Receivables is £-171.26 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EZZ Steel CoE stock overvalued right now?
EZZ Steel CoE (LSE:67NW) has a current Change In Receivables of £-171.26 Mil. The current Change In Receivables is £-171.26 Mil. EZZ Steel CoE's overall GF Score™ is 4/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For EZZ Steel CoE (LSE:67NW), the current Change In Receivables is £-171.26 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

EZZ Steel CoE Business Description

Address Cornich El-Nil, Four Seasons Nile Plaza, The Corporate Building, Garden City, Cairo, EGY, 1089
EZZ Steel Co SAE is an Egypt-based company that manufactures and distributes long and flat steel products. The company's long products, including rebar and wire rod, are employed in applications including concrete reinforcement bars, nails, bolts, tacks, welding tools, electrical components, wire mesh, and others. The company's flat products are applied in automotive components, suspension parts, wheels, containers, gas cylinders, and others.