Tekmar Group (LSE:TGP) Change In Receivables : £-0.76 Mil (TTM As of Mar. 2024)

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What is Tekmar Group Change In Receivables?

Tekmar Group's change in receivables for the quarter that ended in Mar. 2024 was £0.28 Mil. It means Tekmar Group's Accounts Receivable declined by £0.28 Mil from Sep. 2023 to Mar. 2024 .

Tekmar Group's change in receivables for the fiscal year that ended in Sep. 2023 was £-6.36 Mil. It means Tekmar Group's Accounts Receivable increased by £6.36 Mil from Sep. 2022 to Sep. 2023 .

Tekmar Group's Accounts Receivable for the quarter that ended in Mar. 2024 was £10.00 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. Tekmar Group's Days Sales Outstanding for the six months ended in Mar. 2024 was 112.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tekmar Group's liquidation value for the six months ended in Mar. 2024 was £11.76 Mil.

Tekmar Group Change In Receivables Historical Data

The historical data trend for Tekmar 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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Tekmar Group Change In Receivables Chart

Tekmar Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Sep22

Sep23

Change In Receivables

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-0.04

-10.49

-4.39

4.56

-6.36

Tekmar Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar22	Sep22	Mar23	Sep23	Mar24
Change In Receivables	Get a 7-Day Free Trial									2.23	2.33	-5.32	-1.04	0.28

Tekmar 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.76 Mil.

Tekmar Group (LSE:TGP) 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.

Tekmar Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.998	/	16.211	*	91
=	112.56

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

Tekmar Group's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.662	-	0	+	0.75 * 9.998	+	0.5 * 3.202
=	11.76

Tekmar Group Change In Receivables Related Terms

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Tekmar Group (LSE:TGP) Business Description

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6UA:Germany

Address

Centurion Way, Innovation House, Darlington, GBR, DL3 0UP

Website

https://www.tekmargroup.com

Tekmar Group PLC is engaged in the designing, manufacturing, and supply of subsea cable, umbilical, and flexible protection systems. Its sector includes Offshore Wind, Oil & Gas, Interconnectors, Wave & Tidal, Marine Civils, and Telecoms. Geographically it has a presence in the UK and Ireland, China, the USA and Canada, the Middle East, and the Rest of the World, and the majority of the revenue comes from Europe.