IG Group Holdings (LSE:IGG) Change In Receivables : £-127.5 Mil (TTM As of Nov. 2023)

View and export this data going back to 2005. Start your Free Trial

What is IG Group Holdings Change In Receivables?

IG Group Holdings's change in receivables for the quarter that ended in Nov. 2023 was £5.1 Mil. It means IG Group Holdings's Accounts Receivable declined by £5.1 Mil from May. 2023 to Nov. 2023 .

IG Group Holdings's change in receivables for the fiscal year that ended in May. 2023 was £-103.0 Mil. It means IG Group Holdings's Accounts Receivable increased by £103.0 Mil from May. 2022 to May. 2023 .

IG Group Holdings's Accounts Receivable for the quarter that ended in Nov. 2023 was £556.6 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. IG Group Holdings's Days Sales Outstanding for the six months ended in Nov. 2023 was 249.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. IG Group Holdings's liquidation value for the six months ended in Nov. 2023 was £239.5 Mil.

IG Group Holdings Change In Receivables Historical Data

The historical data trend for IG Group Holdings'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.

* Premium members only.

IG Group Holdings Change In Receivables Chart

IG Group Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Receivables

Get a 7-Day Free Trial

72.50

-35.60

-161.90

53.90

-103.00

IG Group Holdings Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Change In Receivables	Get a 7-Day Free Trial															-199.30	253.20	29.60	-132.60	5.10

IG Group Holdings 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-127.5 Mil.

IG Group Holdings (LSE:IGG) 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.

IG Group Holdings's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	556.6	/	406.4	*	91
=	249.95

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

IG Group Holdings's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	725.1	-	915.5	+	0.75 * 556.6	+	0.5 * 24.9
=	239.5

IG Group Holdings Change In Receivables Related Terms

Thank you for viewing the detailed overview of IG Group Holdings's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

IG Group Holdings (LSE:IGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IG Group Holdings PLC (LSE:IGG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

IGGRF:USA IGGHY:USA IGGl:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.

IG Group Holdings (LSE:IGG) Headlines

No Headlines