Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Change In Receivables : $-10 Mil (TTM As of Dec. 2019)

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What is Ladenburg Thalmann Financial Services Change In Receivables?

Ladenburg Thalmann Financial Services's change in receivables for the quarter that ended in Dec. 2019 was $-6 Mil. It means Ladenburg Thalmann Financial Services's Accounts Receivable increased by $6 Mil from Sep. 2019 to Dec. 2019 .

Ladenburg Thalmann Financial Services's change in receivables for the fiscal year that ended in Dec. 2019 was $-10 Mil. It means Ladenburg Thalmann Financial Services's Accounts Receivable increased by $10 Mil from Dec. 2018 to Dec. 2019 .

Ladenburg Thalmann Financial Services's Accounts Receivable for the quarter that ended in Dec. 2019 was $101 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. Ladenburg Thalmann Financial Services's Days Sales Outstanding for the three months ended in Dec. 2019 was 23.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ladenburg Thalmann Financial Services's liquidation value for the three months ended in Dec. 2019 was $-264 Mil.

Ladenburg Thalmann Financial Services Change In Receivables Historical Data

The historical data trend for Ladenburg Thalmann Financial Services'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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Ladenburg Thalmann Financial Services Change In Receivables Chart

Ladenburg Thalmann Financial Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Receivables

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-15.25

-12.92

-36.66

4.75

-9.71

Ladenburg Thalmann Financial Services Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Change In Receivables	Get a 7-Day Free Trial															-7.34	-15.95	8.46	3.86	-6.07

Ladenburg Thalmann Financial Services 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10 Mil.

Ladenburg Thalmann Financial Services (AMEX:LTS) 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.

Ladenburg Thalmann Financial Services's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	100.919	/	395.735	*	91
=	23.27

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

Ladenburg Thalmann Financial Services's liquidation value for the quarter that ended in Dec. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	248.772	-	588.471	+	0.75 * 100.919	+	0.5 * 0
=	-264

Ladenburg Thalmann Financial Services Change In Receivables Related Terms

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Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ladenburg Thalmann Financial Services Inc (AMEX:LTS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

LTSA.PFD:USA

Address

4400 Biscayne Boulevard, 12th Floor, Miami, FL, USA, 33137

Website

https://www.ladenburg.com

Ladenburg Thalmann Financial Services Inc is a United States-based company that provides diversified financial services. The company conducts operations through a number of subsidiaries, with three operating segments. The independent brokerage and advisory services segment consists of broker-dealer and investment advisory services, along with wealth-management services. The Ladenburg segment comprises investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment comprises wholesale insurance brokerage activities. The company generates the majority of revenue from the independent brokerage and advisory services segment. Its business is concentrated in the United States.

Executives

Howard M Lorber	other: Former Director	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Henry C Beinstein	other: Former Director	8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Richard M Krasno	other: Former Director	C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Brett Kaufman	officer: Senior Vice President and CFO	4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Glenn C Davis	other: Former Director	4400 BISCAYNE BOULEVARD, 12TH FLOOR, MIAMI FL 33137
Michael Liebowitz	other: Former Director	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Richard Lampen	other: Former Director and Officer	4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Mark Zeitchick	other: Former Director and Officer	GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Brian S Genson	other: Former Director
Jacqueline M Simkin	other: Former Director	801 BRICKELL AVENUE, SUITE 2350, MIAMI FL 33131
Adam Scott Malamed	other: Former Director and Officer	4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Joseph Giovanniello	other: Former Officer	520 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Frost Phillip Md Et Al	other: Former 10% Owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Nevada Investments Trust	other: Former 10% Owner	4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Vector Group Ltd	10 percent owner	4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137