Sphere Medical Holding (LSE:SPHR) Change In Receivables : £-0.05 Mil (TTM As of Dec. 2016)

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What is Sphere Medical Holding Change In Receivables?

Sphere Medical Holding's change in receivables for the quarter that ended in Dec. 2016 was £-0.03 Mil. It means Sphere Medical Holding's Accounts Receivable increased by £0.03 Mil from Jun. 2016 to Dec. 2016 .

Sphere Medical Holding's change in receivables for the fiscal year that ended in Dec. 2016 was £-0.05 Mil. It means Sphere Medical Holding's Accounts Receivable increased by £0.05 Mil from Dec. 2015 to Dec. 2016 .

Sphere Medical Holding's Accounts Receivable for the quarter that ended in Dec. 2016 was £0.02 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. Sphere Medical Holding's Days Sales Outstanding for the six months ended in Dec. 2016 was 182.50.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sphere Medical Holding's liquidation value for the six months ended in Dec. 2016 was £2.72 Mil.

Sphere Medical Holding Change In Receivables Historical Data

The historical data trend for Sphere Medical Holding'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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Sphere Medical Holding Change In Receivables Chart

Sphere Medical Holding Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Change In Receivables

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0.11

0.04

-0.12

0.08

-0.05

Sphere Medical Holding Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16
Change In Receivables	Get a 7-Day Free Trial						-0.03	0.02	0.06	-0.02	-0.03

Sphere Medical Holding 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. 2016 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.05 Mil.

Sphere Medical Holding (LSE:SPHR) 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.

Sphere Medical Holding's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.024	/	0.024	*	91
=	182.50

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

Sphere Medical Holding's liquidation value for the quarter that ended in Dec. 2016 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.241	-	0.757	+	0.75 * 0.024	+	0.5 * 0.427
=	2.72

Sphere Medical Holding Change In Receivables Related Terms

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Sphere Medical Holding (LSE:SPHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sphere Medical Holding PLC (LSE:SPHR) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Harston Mill, Harston, Cambridge, GBR, CB22 7GG

Website

http://www.spheremedical.com

Sphere Medical Holding Ltd is a UK-based company which is engaged in research and development, manufacturing and sale of medical monitoring and diagnostic equipment within the medical device area. It focuses on developing the Proxima platform for measuring blood gases, electrolytes and metabolites. Proxima is an in-line patient dedicated arterial blood analyser which supports frequent measurements at critical times. It markets its product (Proxima) to critical care market which includes ICU (Intensive Care Unit) and OR (Operating Room). The company's products are used in medical applications, enabling faster clinical decision-making and improved patient outcomes. It operates is business in single reporting segment of Medical devices. Most of the company's revenue comes from Europe.