Zigup (LSE:ZIG) Change In Receivables : £-46 Mil (TTM As of Oct. 2023)

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What is Zigup Change In Receivables?

Zigup's change in receivables for the quarter that ended in Oct. 2023 was £-23 Mil. It means Zigup's Accounts Receivable increased by £23 Mil from Apr. 2023 to Oct. 2023 .

Zigup's change in receivables for the fiscal year that ended in Apr. 2023 was £-82 Mil. It means Zigup's Accounts Receivable increased by £82 Mil from Apr. 2022 to Apr. 2023 .

Zigup's Accounts Receivable for the quarter that ended in Oct. 2023 was £469 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. Zigup's Days Sales Outstanding for the six months ended in Oct. 2023 was 93.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zigup's liquidation value for the six months ended in Oct. 2023 was £-780 Mil.

Zigup Change In Receivables Historical Data

The historical data trend for Zigup'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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Zigup Change In Receivables Chart

Zigup Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Receivables

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7.04

4.25

-0.07

-54.40

-81.98

Zigup Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Change In Receivables	Get a 7-Day Free Trial															-26.47	-27.93	-58.45	-23.53	-22.84

Zigup 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-46 Mil.

Zigup (LSE:ZIG) 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.

Zigup's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	468.671	/	911.296	*	91
=	93.86

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

Zigup's liquidation value for the quarter that ended in Oct. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	29.646	-	1182.999	+	0.75 * 468.671	+	0.5 * 44.088
=	-780

Zigup Change In Receivables Related Terms

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Zigup (LSE:ZIG) Business Description

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ZIGl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.