TI Fluid Systems (LSE:TIFS) Change In Receivables : £-22 Mil (TTM As of Dec. 2023)

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What is TI Fluid Systems Change In Receivables?

TI Fluid Systems's change in receivables for the quarter that ended in Dec. 2023 was £82 Mil. It means TI Fluid Systems's Accounts Receivable declined by £82 Mil from Jun. 2023 to Dec. 2023 .

TI Fluid Systems's change in receivables for the fiscal year that ended in Dec. 2023 was £-22 Mil. It means TI Fluid Systems's Accounts Receivable increased by £22 Mil from Dec. 2022 to Dec. 2023 .

TI Fluid Systems's Accounts Receivable for the quarter that ended in Dec. 2023 was £475 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. TI Fluid Systems's Days Sales Outstanding for the six months ended in Dec. 2023 was 57.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TI Fluid Systems's liquidation value for the six months ended in Dec. 2023 was £-869 Mil.

TI Fluid Systems Change In Receivables Historical Data

The historical data trend for TI Fluid 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.

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TI Fluid Systems Change In Receivables Chart

TI Fluid Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.34

34.94

33.39

-14.18

-22.23

TI Fluid Systems Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial											1.11	-56.48	43.05	-103.91	82.10

TI Fluid 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-22 Mil.

TI Fluid Systems (LSE:TIFS) 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.

TI Fluid Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	474.862	/	1505.997	*	91
=	57.54

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

TI Fluid Systems'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)
=	358.989	-	1747.132	+	0.75 * 474.862	+	0.5 * 325.993
=	-869

TI Fluid Systems Change In Receivables Related Terms

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TI Fluid Systems (LSE:TIFS) Business Description

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Address

4650 Kingsgate, Cascade Way, Oxford Business Park South, Oxford, Oxfordshire, GBR, OX4 2SU

Website

https://www.tifluidsystems.com

TI Fluid Systems PLC is engaged in providing automotive fluid storage, carrying, and delivery systems for the light-duty automotive market. The operating segments of the company are fluid-carrying systems and fuel tank & delivery systems. The fluid-carrying systems include brake and fuel lines and bundles, tank top lines, vacuum booster lines, quick connectors, air conditioning tubes, and hose assemblies, accumulators and receiver dryers, and thermal products and powertrain components. The fuel tank and delivery systems include fuel tanks, fuel pumps, level sensors, and additive dosing systems. Its geographical segments are Europe & Africa, Asia Pacific, North America, and Latin America.

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