SRT Marine Systems (LSE:SRT) Change In Receivables : £9.17 Mil (TTM As of Sep. 2023)

View and export this data going back to 2005. Start your Free Trial

What is SRT Marine Systems Change In Receivables?

SRT Marine Systems's change in receivables for the quarter that ended in Sep. 2023 was £1.56 Mil. It means SRT Marine Systems's Accounts Receivable declined by £1.56 Mil from Mar. 2023 to Sep. 2023 .

SRT Marine Systems's change in receivables for the fiscal year that ended in Mar. 2023 was £-1.98 Mil. It means SRT Marine Systems's Accounts Receivable increased by £1.98 Mil from Mar. 2022 to Mar. 2023 .

SRT Marine Systems's Accounts Receivable for the quarter that ended in Sep. 2023 was £4.27 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. SRT Marine Systems's Days Sales Outstanding for the six months ended in Sep. 2023 was 141.57.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SRT Marine Systems's liquidation value for the six months ended in Sep. 2023 was £-8.49 Mil.

SRT Marine Systems Change In Receivables Historical Data

The historical data trend for SRT Marine Systems'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.

SRT Marine Systems Change In Receivables Chart

SRT Marine Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

Get a 7-Day Free Trial

-13.58

-1.87

12.36

-0.25

-1.98

SRT Marine Systems Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial															0.76	-1.01	-9.59	7.61	1.56

SRT Marine Systems 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £9.17 Mil.

SRT Marine Systems (LSE:SRT) 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.

SRT Marine Systems's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.268	/	5.502	*	91
=	141.57

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

SRT Marine Systems's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.93	-	17.769	+	0.75 * 4.268	+	0.5 * 4.304
=	-8.49

SRT Marine Systems Change In Receivables Related Terms

Thank you for viewing the detailed overview of SRT Marine Systems's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

SRT Marine Systems (LSE:SRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SRT Marine Systems PLC (LSE:SRT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

6S7:Germany

Address

Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS

Website

http://www.srt-marine.com

SRT Marine Systems PLC develops and delivers advanced maritime domain awareness technologies, products, and systems, with expertise in Automatic Identification Systems. The company's major customers are system integrators, marine electronics companies, individual vessel operators, port owners and operators, and national authorities. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, and others. The company has developed three core system products, VTS (ports, waterways, and infrastructure), VMS (Fisheries monitoring and management) and MDM (Coastal Surveillance) systems. Its largest end market by revenue is in the Middle East.