Parkmead Group (The) (LSE:PMG) Change In Receivables : £0.64 Mil (TTM As of Dec. 2023)

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What is Parkmead Group (The) Change In Receivables?

Parkmead Group (The)'s change in receivables for the quarter that ended in Dec. 2023 was £-0.39 Mil. It means Parkmead Group (The)'s Accounts Receivable increased by £0.39 Mil from Jun. 2023 to Dec. 2023 .

Parkmead Group (The)'s change in receivables for the fiscal year that ended in Jun. 2023 was £1.08 Mil. It means Parkmead Group (The)'s Accounts Receivable declined by £1.08 Mil from Jun. 2022 to Jun. 2023 .

Parkmead Group (The)'s Accounts Receivable for the quarter that ended in Dec. 2023 was £1.33 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. Parkmead Group (The)'s Days Sales Outstanding for the six months ended in Dec. 2023 was 70.85.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Parkmead Group (The)'s liquidation value for the six months ended in Dec. 2023 was £-1.41 Mil.

Parkmead Group (The) Change In Receivables Historical Data

The historical data trend for Parkmead Group (The)'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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Parkmead Group (The) Change In Receivables Chart

Parkmead Group (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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0.64

-0.68

0.06

-0.67

1.08

Parkmead Group (The) 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															-0.36	-0.31	0.05	1.03	-0.39

Parkmead Group (The) 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 £0.64 Mil.

Parkmead Group (The) (LSE:PMG) 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.

Parkmead Group (The)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.33	/	3.426	*	91
=	70.85

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

Parkmead Group (The)'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)
=	9.204	-	11.617	+	0.75 * 1.33	+	0.5 * 0.005
=	-1.41

Parkmead Group (The) Change In Receivables Related Terms

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Parkmead Group (The) (LSE:PMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkmead Group (The) PLC (LSE:PMG) » Definitions » Change In Receivables

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PMG.GB:UK

Address

4 Queen’s Terrace, Aberdeen, GBR, AB10 1XL

Website

https://www.parkmeadgroup.com

Parkmead Group (The) PLC is a UK-based independent oil and gas, exploration and production company. It produces natural gas from a portfolio of fields across the Netherlands. The firm has three segments namely Oil and gas exploration and production which invests in oil and gas exploration and production assets; the Energy economics segment that provides energy sector economics, valuation and benchmarking, advising on energy policies and fiscal matters, among others and the Renewables segment involves mixed farming activities as well as renewable energy opportunities. It generates a majority of its revenue from the oil and gas exploration and production segment.

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