Midwich Group (LSE:MIDW) Change In Receivables : £10 Mil (TTM As of Dec. 2023)

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What is Midwich Group Change In Receivables?

Midwich Group's change in receivables for the quarter that ended in Dec. 2023 was £19 Mil. It means Midwich Group's Accounts Receivable declined by £19 Mil from Jun. 2023 to Dec. 2023 .

Midwich Group's change in receivables for the fiscal year that ended in Dec. 2023 was £10 Mil. It means Midwich Group's Accounts Receivable declined by £10 Mil from Dec. 2022 to Dec. 2023 .

Midwich Group's Accounts Receivable for the quarter that ended in Dec. 2023 was £200 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. Midwich Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 53.75.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Midwich Group's liquidation value for the six months ended in Dec. 2023 was £-169 Mil.

Midwich Group Change In Receivables Historical Data

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

Midwich Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-7.69

18.10

-12.47

-70.65

9.64

Midwich Group Semi-Annual Data
	Dec13	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															3.02	-68.83	-1.82	-9.14	18.78

Midwich 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 £10 Mil.

Midwich Group (LSE:MIDW) 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.

Midwich 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
=	199.893	/	678.702	*	91
=	53.75

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

Midwich 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)
=	56.135	-	458.321	+	0.75 * 199.893	+	0.5 * 165.588
=	-169

Midwich Group Change In Receivables Related Terms

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Midwich Group (LSE:MIDW) Business Description

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9S2:Germany

Address

Vinces Road, Diss, Norfolk, GBR, IP22 4YT

Website

https://www.midwichgroupplc.com

Midwich Group PLC provides audio-visual (AV) and document solutions to the trade market. The company's product portfolio includes audiovisual categories such as displays, projectors, digital signage, unified communications, and professional audio. It operates in four segments based on its geography: UK & Ireland, EMEA (Europe, Middle East, and Africa), Asia Pacific, and North America in which it generates the majority of revenue from the UK & Ireland.

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