Somero Enterprises (LSE:SOM) Change In Receivables : £3.38 Mil (TTM As of Dec. 2023)

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What is Somero Enterprises Change In Receivables?

Somero Enterprises's change in receivables for the quarter that ended in Dec. 2023 was £1.23 Mil. It means Somero Enterprises's Accounts Receivable declined by £1.23 Mil from Jun. 2023 to Dec. 2023 .

Somero Enterprises's change in receivables for the fiscal year that ended in Dec. 2023 was £3.37 Mil. It means Somero Enterprises's Accounts Receivable declined by £3.37 Mil from Dec. 2022 to Dec. 2023 .

Somero Enterprises's Accounts Receivable for the quarter that ended in Dec. 2023 was £6.98 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. Somero Enterprises's Days Sales Outstanding for the six months ended in Dec. 2023 was 26.07.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Somero Enterprises's liquidation value for the six months ended in Dec. 2023 was £27.11 Mil.

Somero Enterprises Change In Receivables Historical Data

The historical data trend for Somero Enterprises'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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Somero Enterprises Change In Receivables Chart

Somero Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.90

4.11

-3.56

-0.94

3.37

Somero Enterprises 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															-0.50	0.94	-1.90	2.14	1.23

Somero Enterprises 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 £3.38 Mil.

Somero Enterprises (LSE:SOM) 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.

Somero Enterprises's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.98	/	48.861	*	91
=	26.07

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

Somero Enterprises'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)
=	26.316	-	12.099	+	0.75 * 6.98	+	0.5 * 15.306
=	27.11

Somero Enterprises Change In Receivables Related Terms

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Somero Enterprises (LSE:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Somero Enterprises Inc (LSE:SOM) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

14530 Global Parkway, Fort Myers, FL, USA, 33913

Website

https://www.somero.com

Somero Enterprises Inc provides concrete placing solutions. The company provides concrete-leveling equipment, training, education, & support to its customers. Its products include CopperHead, Mini Screed C, S-840, S-15R, S-22E, S-485, S-940, S-10A, & the S-158 Laser Screed machines; STS-11M Topping Spreader; as well as the 3-D Profiler System software, the Somero Floor Levelness System, & the SP-16 Concrete Hose Line-Pulling & Placing System. Its revenues are derived from sales of Boomed screed products, Ride-on screed products, Remanufactured machines sales, 3-D Profiler System, & sales of parts & accessories, other equipment, service, training, & shipping charges. Geographically, it operates in North America, EMEA & ROW (Australia, Latin America, India, China, Korea, & Southeast Asia).

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