WEGRY (Weir Group) Change In Receivables : $-17 Mil (TTM As of Jun. 2024)

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What is Weir Group Change In Receivables?

Weir Group's change in receivables for the quarter that ended in Jun. 2024 was $-26 Mil. It means Weir Group's Accounts Receivable increased by $26 Mil from Dec. 2023 to Jun. 2024 .

Weir Group's change in receivables for the fiscal year that ended in Dec. 2023 was $19 Mil. It means Weir Group's Accounts Receivable declined by $19 Mil from Dec. 2022 to Dec. 2023 .

Weir Group's Accounts Receivable for the quarter that ended in Jun. 2024 was $697 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. Weir Group's Days Sales Outstanding for the six months ended in Jun. 2024 was 82.87.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Weir Group's liquidation value for the six months ended in Jun. 2024 was $-955 Mil.

Weir Group Change In Receivables Historical Data

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

Weir Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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84.54

174.73

-82.05

60.66

19.24

Weir Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Receivables	Get a 7-Day Free Trial															20.94	39.95	10.10	9.11	-25.95

Weir 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-17 Mil.

Weir Group (OTCPK:WEGRY) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	697.455	/	1535.878	*	91
=	82.87

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

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	829.389	-	2699.746	+	0.75 * 697.455	+	0.5 * 784.097
=	-955

Weir Group Change In Receivables Related Terms

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Weir Group Business Description

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WEIGF:USA WEIRl:UK WEIR:UK 42W:Germany

Address

1 West Regent Street, 10th Floor, Glasgow, GBR, G2 1RW

Website

https://www.global.weir

Weir Group PLC manufactures equipment for minerals and other industrial end markets. The company's operating segment includes Minerals and ESCO. The Minerals segment is into engineering, manufacturing and service processing technology used in abrasive, high-wear mining applications. It is also used in infrastructure and general industrial markets. The ESCO segment is into the provision of Ground Engaging Tools (G.E.T.) for large mining machines. It operates predominantly in mining and infrastructure markets where its technology improves productivity through extended wear life, increased safety and reduced energy consumption. The company generates maximum revenue from the Minerals segment. Geographically, the company derives a majority of its revenue from South America, U.S, and Canada.