NOBGY (Noble Group) Change In Receivables: $849 Mil (TTM As of Sep. 2018)

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What is Noble Group Change In Receivables?

Noble Group NOBGY -99.00% Change In Receivables is $849 Mil as of Sep. 2018.

Noble Group's change in receivables for the quarter that ended in Sep. 2018 was $11 Mil. It means Noble Group's Accounts Receivable declined by $11 Mil from Jun. 2018 to Sep. 2018 .

Noble Group's change in receivables for the fiscal year that ended in Dec. 2017 was $1,210 Mil. It means Noble Group's Accounts Receivable declined by $1,210 Mil from Dec. 2016 to Dec. 2017 .

Noble Group's Accounts Receivable for the quarter that ended in Sep. 2018 was $624 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. Noble Group's Days Sales Outstanding for the three months ended in Sep. 2018 was 47.07.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Noble Group's liquidation value for the three months ended in Sep. 2018 was $-3,579 Mil.

Noble Group  (OTCPK:NOBGY) 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.

Noble Group's Days Sales Outstanding for the quarter that ended in Sep. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=624.116/1209.987*91
=47.07

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

Noble Group's liquidation value for the quarter that ended in Sep. 2018 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=583.285-4691.299+0.75 * 624.116+0.5 * 121.853
=-3,579

* 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.

Noble Group Change In Receivables Related Terms

Noble Group Change In Receivables Historical Data

* Premium members only.

The historical data trend for Noble 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.

Noble Group Change In Receivables Chart

Noble Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 271.58 -1,822.42 1,281.18 -330.86 1,210.42

Noble Group Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 60.96 749.87 72.44 15.55 10.98

Noble 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $849 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $849 Mil mean?
Noble Group (NOBGY) has a Change In Receivables of $849 Mil as of Sep. 2018. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Noble Group and its competitors.
Is Noble Group's Change In Receivables too high?
Noble Group's current Change In Receivables is $849 Mil.
How does Noble Group's Change In Receivables compare to SGOC and HHHH?
Noble Group's Change In Receivables of $849 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Conglomerates company?
A good Change In Receivables depends on the Conglomerates industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Noble Group and its competitors. Noble Group's current Change In Receivables is $849 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Group stock overvalued right now?
Noble Group (NOBGY) has a current Change In Receivables of $849 Mil. The current Change In Receivables is $849 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Noble Group (NOBGY), the current Change In Receivables is $849 Mil as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Noble Group Business Description

Address 60 Anson Road, No. 19-01, Mapletree Anson, Singapore, SGP, Singapore
Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.