Sharing Services Global (Sharing Services Global) Change In Receivables : $-0.61 Mil (TTM As of Dec. 2023)

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What is Sharing Services Global Change In Receivables?

Sharing Services Global's change in receivables for the quarter that ended in Dec. 2023 was $-1.86 Mil. It means Sharing Services Global's Accounts Receivable increased by $1.86 Mil from Sep. 2023 to Dec. 2023 .

Sharing Services Global's change in receivables for the fiscal year that ended in Mar. 2023 was $1.56 Mil. It means Sharing Services Global's Accounts Receivable declined by $1.56 Mil from Mar. 2022 to Mar. 2023 .

Sharing Services Global's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.49 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. Sharing Services Global's Days Sales Outstanding for the three months ended in Dec. 2023 was 15.62.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sharing Services Global's liquidation value for the three months ended in Dec. 2023 was $-6.44 Mil.

Sharing Services Global Change In Receivables Historical Data

The historical data trend for Sharing Services Global'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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Sharing Services Global Change In Receivables Chart

Sharing Services Global Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Mar21

Mar22

Mar23

Change In Receivables

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-2.85

0.33

2.56

-0.16

1.56

Sharing Services Global Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															0.16	1.58	-0.50	0.16	-1.86

Sharing Services Global 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 quarterly data reported by the company within the most recent 12 months, which was $-0.61 Mil.

Sharing Services Global (OTCPK:SHRG) 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.

Sharing Services Global's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.494	/	2.886	*	91
=	15.62

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

Sharing Services Global'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)
=	0.738	-	8.641	+	0.75 * 0.494	+	0.5 * 2.191
=	-6.44

Sharing Services Global Change In Receivables Related Terms

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Sharing Services Global (Sharing Services Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sharing Services Global Corp (OTCPK:SHRG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5200 Tennyson Parkway, Suite 400, Plano, TX, USA, 75024

Website

https://www.shrginc.com

Sharing Services Global Corp is a diversified holding company specializing in the direct selling industry. The company owns, operates, or controls an interest in a variety of companies that sell products and services to the consumer directly through independent representatives that range from health and wellness, energy, technology, insurance services, training, media, and travel benefits. Its operating segment includes Health and wellness products and the sale of member-based travel services through an independent sales force. The company derives the maximum revenue from the Health and wellness products segment. Geographically, it generates a majority of its revenue from the United States.

Executives

Chan Heng Fai Ambrose	director, other: Exec. Chairman of the Board	2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Document Security Systems Inc	10 percent owner	275 WIREGRASS PKWY, WEST HENRIETTA NY 14586
Anthony S. Chan	officer: Chief Financial Officer	228 YANJIANG AVE., JIANGAN DIST., BLDG A, WUHAN CITY F4 430010
Steven Mark Nicholls	officer: Chief Financial Officer	1700 COIT ROAD, SUITE 100, PLANO TX 75075
Robert H Trapp	director	C/O EVISION INTERNATIONAL INC., 1888 SHERMAN ST. #500, DENVER CO 80203
Sassuan (samson) Lee	director	200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14623
Frank D Heuszel	director	275 WIREGRASS PKWY, WEST HENRIETTA, NEW YORK NY 14586
Frank Walters	director, officer: SECRETARY, TREASURER, CFO	C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075
Keith R Halls	director	75 W CENTER ST, PROVO UT 84601
Kip Hughes Allison	director	7200 DALLAS PKWY, #2322, PLANO TX 75024
John Thatch	director, officer: PRESIDENT, CEO	C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075
Bear Bull Market Dividends, Inc.	10 percent owner	600 ANTON BLVD. 11TH FLOOR, COSTA MESA CA 92626
Alchemist Holdings Llc	10 percent owner	1415 LEGACY DRIVE, SUITE 310, FRISCO TX 75034