CT Automotive Group (LSE:CTA) Change In Receivables : £1.0 Mil (TTM As of Jun. 2023)

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What is CT Automotive Group Change In Receivables?

CT Automotive Group's change in receivables for the quarter that ended in Jun. 2023 was £-7.3 Mil. It means CT Automotive Group's Accounts Receivable increased by £7.3 Mil from Dec. 2022 to Jun. 2023 .

CT Automotive Group's change in receivables for the fiscal year that ended in Dec. 2022 was £12.1 Mil. It means CT Automotive Group's Accounts Receivable declined by £12.1 Mil from Dec. 2021 to Dec. 2022 .

CT Automotive Group's Accounts Receivable for the quarter that ended in Jun. 2023 was £18.2 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. CT Automotive Group's Days Sales Outstanding for the six months ended in Jun. 2023 was 61.57.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CT Automotive Group's liquidation value for the six months ended in Jun. 2023 was £-27.3 Mil.

CT Automotive Group Change In Receivables Historical Data

The historical data trend for CT Automotive 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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CT Automotive Group Change In Receivables Chart

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

-4.42

-4.83

0.46

0.52

12.14

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial				-1.76	2.37	3.82	8.27	-7.27

CT Automotive 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.0 Mil.

CT Automotive Group (LSE:CTA) 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.

CT Automotive Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.211	/	53.976	*	91
=	61.57

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

CT Automotive Group's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.013	-	56.965	+	0.75 * 18.211	+	0.5 * 20.01
=	-27.3

CT Automotive Group Change In Receivables Related Terms

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CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » Change In Receivables

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Traded in Other Exchanges

X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.