Advanced Medical Solutions Group (LSE:AMS) Change In Receivables : £-2.5 Mil (TTM As of Dec. 2023)

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What is Advanced Medical Solutions Group Change In Receivables?

Advanced Medical Solutions Group's change in receivables for the quarter that ended in Dec. 2023 was £0.2 Mil. It means Advanced Medical Solutions Group's Accounts Receivable declined by £0.2 Mil from Jun. 2023 to Dec. 2023 .

Advanced Medical Solutions Group's change in receivables for the fiscal year that ended in Dec. 2023 was £-2.5 Mil. It means Advanced Medical Solutions Group's Accounts Receivable increased by £2.5 Mil from Dec. 2022 to Dec. 2023 .

Advanced Medical Solutions Group's Accounts Receivable for the quarter that ended in Dec. 2023 was £20.9 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. Advanced Medical Solutions Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 60.45.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Advanced Medical Solutions Group's liquidation value for the six months ended in Dec. 2023 was £48.9 Mil.

Advanced Medical Solutions Group Change In Receivables Historical Data

The historical data trend for Advanced Medical Solutions 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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Advanced Medical Solutions Group Change In Receivables Chart

Advanced Medical Solutions Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.57

10.26

-1.77

-0.60

-2.52

Advanced Medical Solutions Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-2.74	-1.10	0.50	-2.73	0.22

Advanced Medical Solutions 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.5 Mil.

Advanced Medical Solutions Group (LSE:AMS) 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.

Advanced Medical Solutions Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.908	/	63.122	*	91
=	60.45

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

Advanced Medical Solutions Group'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)
=	60.16	-	44.969	+	0.75 * 20.908	+	0.5 * 36.046
=	48.9

Advanced Medical Solutions Group Change In Receivables Related Terms

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Advanced Medical Solutions Group (LSE:AMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Advanced Medical Solutions Group PLC (LSE:AMS) » Definitions » Change In Receivables

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Traded in Other Exchanges

AMS.GB:UK AQA:Germany

Address

Premier Park, 33 Road One, Winsford Industrial Estate, Winsford, Cheshire, GBR, CW7 3RT

Website

https://www.admedsol.com

U.K.-based Advanced Medical Solutions was founded in 1991 to design, develop, and manufacture advanced wound-care products for other healthcare manufacturers. AMS' key branded products include the ActivHeal franchise of hydrogel, hydrocolloid, foam, and alginate wound dressings. The firm also manufactures and markets a suite of branded products in surgical use, including the LiquiBand franchise for tissue adhesion and the Resorba line of sutures and collagen-based products for tissue repair. The firm derives approximately 60% of total revenue from branded products, with nonbranded contributing 40%.