SP Plus (SP Plus) Change In Receivables : $-15 Mil (TTM As of Dec. 2023)

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What is SP Plus Change In Receivables?

SP Plus's change in receivables for the quarter that ended in Dec. 2023 was $3 Mil. It means SP Plus's Accounts Receivable declined by $3 Mil from Sep. 2023 to Dec. 2023 .

SP Plus's change in receivables for the fiscal year that ended in Dec. 2023 was $-15 Mil. It means SP Plus's Accounts Receivable increased by $15 Mil from Dec. 2022 to Dec. 2023 .

SP Plus's Accounts Receivable for the quarter that ended in Dec. 2023 was $179 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. SP Plus's Days Sales Outstanding for the three months ended in Dec. 2023 was 36.03.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SP Plus's liquidation value for the three months ended in Dec. 2023 was $-748 Mil.

SP Plus Change In Receivables Historical Data

The historical data trend for SP Plus'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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SP Plus Change In Receivables Chart

SP Plus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-12.70

44.60

-29.20

-27.90

-14.60

SP Plus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-14.30	8.60	-20.50	-6.00	3.30

SP Plus 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 quarterly data reported by the company within the most recent 12 months, which was $-15 Mil.

SP Plus (NAS:SP) 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.

SP Plus's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	179.3	/	454.1	*	91
=	36.03

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

SP Plus'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)
=	18.9	-	901.2	+	0.75 * 179.3	+	0.5 * 0
=	-748

SP Plus Change In Receivables Related Terms

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SP Plus (SP Plus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SP Plus Corp (NAS:SP) » Definitions » Change In Receivables

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Traded in Other Exchanges

PZA:Germany

Address

200 East Randolph Street, Suite 7700, Chicago, IL, USA, 60601-7702

Website

https://www.spplus.com

SP Plus Corp Provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in urban markets and airports across the United States, Canada, and Puerto Rico. Its services include a comprehensive set of on-site parking management and ground transportation services, In addition, the company also provides a range of ancillary services such as airport and municipal shuttle operations, valet services, taxi and livery dispatch services, and municipal meter revenue collection and enforcement services. Its reportable segments are Commercial and Aviation. The company generates a majority of its revenue from the Commercial segment.

Executives

G Marc Baumann	officer: CFO, Treas & Pres of Urban Ops	900 NORTH MICHIGAN AVENUE SUITE 1600, CHICAGO IL 60611
Christopher R Sherman	officer: President, Commercial Division	C/O SP PLUS CORPORATION, 200 EAST RANDOLPH STREET, SUITE 7700, CHICAGO IL 60601
Robert Toy	officer: Executive VP, Operations	C/O STANDARD PARKING CORPORATION, 900 N. MICHIGAN AVENUE, CHICAGO IL 60611
John Ricchiuto	officer: Exec. VP, Airport Division	900 NORTH MICHIGAN AVENUE SUITE 1600, CHICAGO IL 60611
Gary T Roberts	officer: SVP, Corp. Cont., Asst. Treas.	C/O SP PLUS CORPORATION, 200 EAST RANDOLPH STREET, SUITE 7700, CHICAGO IL 60601
Diana L Sands	director	100 N RIVERSIDE PLAZA, M/C 5003-1001, CHICAGO IL 60606
Kristopher H Roy	officer: VP, Corporate Controller	C/O SP PLUS CORPORATION, 200 E. RANDOLPH STREET, SUITE 7700, CHICAGO IL 60601
Robert A Miles	officer: President, Bags	C/O SP PLUS CORPORATION, 200 E. RANDOLPH STREET, SUITE 7700, CHICAGO IL 60601
Gerard M Klaisle	officer: Exec. VP & Chief H.R. Officer
Ritu Vig	officer: Chief Legal Officer	C/O SP PLUS CORPORATION, 200 E. RANDOLPH ST., SUITE 7700, CHICAGO IL 60601
Thomas L Hagerman	officer: Exec. VP, Business Development	900 NORTH MICHIGAN SUITE 1600, CHICAGO IL 60611
Alice M Peterson	director	3333 BEVERLY RD B5-153A, HOFFMAN ESTTES IL 60179
Robert N Sacks	officer: Exec. VP, Gen. Counsel & Sec.	900 NORTH MICHIGAN AVENUE SUITE 1600, CHICAGO IL 60611
Robert S Roath	director	781 THIRD AVENUE, KING OF PRUSSIA PA 194061409
Kohlberg Cpc Rep, L.l.c.	director, 10 percent owner	C/O KOHLBERG & COMPANY, LLC, 111 RADIO CIRCLE, MT. KISCO NY 10549