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Songbird Estates (LSE:SBD) Change In Receivables : £-53.6 Mil (TTM As of Jun. 2014)


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What is Songbird Estates Change In Receivables?

Songbird Estates's change in receivables for the quarter that ended in Jun. 2014 was £-24.0 Mil. It means Songbird Estates's Accounts Receivable increased by £24.0 Mil from Dec. 2013 to Jun. 2014 .

Songbird Estates's change in receivables for the fiscal year that ended in Dec. 2013 was £-29.6 Mil. It means Songbird Estates's Accounts Receivable increased by £29.6 Mil from Dec. 2012 to Dec. 2013 .

Songbird Estates's Accounts Receivable for the quarter that ended in Jun. 2014 was £9.0 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. Songbird Estates's Days Sales Outstanding for the six months ended in Jun. 2014 was 8.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Songbird Estates's liquidation value for the six months ended in Jun. 2014 was £-3,733.0 Mil.


Songbird Estates Change In Receivables Historical Data

The historical data trend for Songbird Estates'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.

* Premium members only.

Songbird Estates Change In Receivables Chart

Songbird Estates Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.50 -17.30 23.30 -30.40 -29.60

Songbird Estates Semi-Annual Data
Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
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 -4.40 -30.40 -16.00 -29.60 -24.00

Songbird Estates 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. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-53.6 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.


Songbird Estates  (LSE:SBD) 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.

Songbird Estates's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=9/191.9*91
=8.56

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

Songbird Estates's liquidation value for the quarter that ended in Jun. 2014 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1122.5-4862.2+0.75 * 9+0.5 * 0
=-3,733.0

* 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.


Songbird Estates Change In Receivables Related Terms

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Songbird Estates (LSE:SBD) Business Description

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Songbird Estates PLC was incorporated on February 13, 2004 in England and Wales. The Company, through its subsidiary, Canary Wharf Group is engaged in property investment and development and is currently focused on the development of the Estate and an adjacent development to the east of Canary Wharf.

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