Driver Group (LSE:DRV) Change In Receivables : £6.25 Mil (TTM As of Sep. 2023)

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What is Driver Group Change In Receivables?

Driver Group's change in receivables for the quarter that ended in Sep. 2023 was £1.96 Mil. It means Driver Group's Accounts Receivable declined by £1.96 Mil from Mar. 2023 to Sep. 2023 .

Driver Group's change in receivables for the fiscal year that ended in Sep. 2023 was £6.25 Mil. It means Driver Group's Accounts Receivable declined by £6.25 Mil from Sep. 2022 to Sep. 2023 .

Driver Group's Accounts Receivable for the quarter that ended in Sep. 2023 was £12.22 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. Driver Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 121.13.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Driver Group's liquidation value for the six months ended in Sep. 2023 was £5.63 Mil.

Driver Group Change In Receivables Historical Data

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

Driver Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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-0.66

2.06

-0.88

-1.33

6.25

Driver 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															-1.01	-1.61	0.28	4.28	1.96

Driver 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 £6.25 Mil.

Driver Group (LSE:DRV) 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.

Driver 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
=	12.222	/	18.414	*	91
=	121.13

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

Driver 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)
=	5.833	-	9.369	+	0.75 * 12.222	+	0.5 * 0
=	5.63

Driver Group Change In Receivables Related Terms

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Driver Group (LSE:DRV) Business Description

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Address

125 Old Broad Street, Suite 706-708, Floor 7, London, GBR, EC2N 1AR

Website

https://www.driver-group.com

Driver Group PLC provides consultancy services to the engineering and construction industries. The business activity of the group is primarily operated through divisions such as Europe and the Americas; Asia Pacific; Middle East. Geographically, it derives a majority of its revenue from the United Kingdom and can be seen across the region of Oman, France, Qatar, Germany, Kuwait, China, the US, Canada, and others. It offers quantity surveying, quantum and planning experts, litigation support, contract administration, and commercial advice/management services; and capital investment consultancy services, including development, project, and contracting management services.