Phoenix IT Group (LSE:PNX) Change In Receivables : £11.9 Mil (TTM As of Mar. 2015)

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What is Phoenix IT Group Change In Receivables?

Phoenix IT Group's change in receivables for the quarter that ended in Mar. 2015 was £10.9 Mil. It means Phoenix IT Group's Accounts Receivable declined by £10.9 Mil from Sep. 2014 to Mar. 2015 .

Phoenix IT Group's change in receivables for the fiscal year that ended in Mar. 2015 was £11.9 Mil. It means Phoenix IT Group's Accounts Receivable declined by £11.9 Mil from Mar. 2014 to Mar. 2015 .

Phoenix IT Group's Accounts Receivable for the quarter that ended in Mar. 2015 was £25.6 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. Phoenix IT Group's Days Sales Outstanding for the six months ended in Mar. 2015 was 44.50.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Phoenix IT Group's liquidation value for the six months ended in Mar. 2015 was £-117.4 Mil.

Phoenix IT Group Change In Receivables Historical Data

The historical data trend for Phoenix IT 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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Phoenix IT Group Change In Receivables Chart

Phoenix IT Group Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Change In Receivables

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-2.40

-6.00

-5.30

9.60

11.90

Phoenix IT Group Semi-Annual Data
	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15
Change In Receivables	Get a 7-Day Free Trial															-1.80	8.00	1.60	1.00	10.90

Phoenix IT 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 Mar. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was £11.9 Mil.

Phoenix IT Group (LSE:PNX) 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.

Phoenix IT Group's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	25.6	/	105	*	91
=	44.50

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

Phoenix IT Group's liquidation value for the quarter that ended in Mar. 2015 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	21.4	-	160.6	+	0.75 * 25.6	+	0.5 * 5.2
=	-117.4

Phoenix IT Group Change In Receivables Related Terms

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Phoenix IT Group (LSE:PNX) Business Description

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http://www.phoenixitgroup.com

Phoenix IT Group PLC was incorporated on December 04, 1997. The Company provides managed IT infrastructure support services, including systems management, hosting, network infrastructure services, high-touch field services, project & consultancy services, business continuity and business availability services. The Company operates in three business segments: Business Continuity, Managed Services, and Partner. The Business continuity is engaged in the provision of business continuity and IT disaster recovery services. In partner segment, the Company is engaged in the provision of information technology services, networking support and infrastructure services; and Managed Services is engaged in the provision of information technology services and systems. The Company's operations are based entirely in the UK.