Scottish Re Group (Scottish Re Group) Change In Receivables : $8.99 Mil (TTM As of Jun. 2011)

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What is Scottish Re Group Change In Receivables?

Scottish Re Group's change in receivables for the quarter that ended in Jun. 2011 was $3.40 Mil. It means Scottish Re Group's Accounts Receivable declined by $3.40 Mil from Mar. 2011 to Jun. 2011 .

Scottish Re Group's change in receivables for the fiscal year that ended in Dec. 2010 was $2.14 Mil. It means Scottish Re Group's Accounts Receivable declined by $2.14 Mil from Dec. 2009 to Dec. 2010 .

Scottish Re Group's Accounts Receivable for the quarter that ended in Jun. 2011 was $0.00 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. Scottish Re Group's Days Sales Outstanding for the three months ended in Jun. 2011 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Scottish Re Group's liquidation value for the three months ended in Jun. 2011 was $-3,945.11 Mil.

Scottish Re Group Change In Receivables Historical Data

The historical data trend for Scottish Re 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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Scottish Re Group Change In Receivables Chart

Scottish Re Group Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Change In Receivables

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14.58

-10.98

24.59

4.67

2.14

Scottish Re Group Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11
Change In Receivables	Get a 7-Day Free Trial															-2.23	3.58	1.50	0.51	3.40

Scottish Re 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. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.99 Mil.

Scottish Re Group (OTCPK:SKRUF.PFD) 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.

Scottish Re Group's Days Sales Outstanding for the quarter that ended in Jun. 2011 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	83.913	*	91
=	0.00

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

Scottish Re Group's liquidation value for the quarter that ended in Jun. 2011 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	225.319	-	4170.427	+	0.75 * 0	+	0.5 * 0
=	-3,945.11

Scottish Re Group Change In Receivables Related Terms

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Scottish Re Group (Scottish Re Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Scottish Re Group Ltd (OTCPK:SKRUF.PFD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Crown House, First Floor, 4 Par-la-Ville Road, Hamilton, BMU, HM 08

Website

http://www.scottishre.com

Scottish Re Group is engaged in the reinsurance of life insurance, annuities and annuity-type products. It accepts part of the risk of insurance policies for a portion of the income earned by the policies. The company uses its headquarters in the tax-friendly Cayman Islands to provide wealth management and estate planning services to high net worth clients. It has operations in Bermuda, the Cayman Islands, Ireland, the United Kingdom, and the United States.

Executives

Richard M Rieder	10 percent owner	55 EAST 52ND STREET, NEW YORK NY 10055
Lehman Brothers Holdings Inc	10 percent owner	1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Seth Gardner	director	CERBERUS CAPITAL MANAGEMENT, L.P., 299 PARK AVENUE, NEW YORK NY 10171
George Robert Zippel	director, officer: President & CEO	700 MAIN STREET, LYNCHBURG VA 24505
Terry Eleftheriou	officer: CFO	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Jeffrey Hughes	director	811 HANSEN WAY, PALO ALTO CA 94303
Lenard Tessler	director	C/O ALBERTSONS COMPANIES, INC., 250 E. PARKCENTER BLVD., BOISE ID 83706
Robert Eugene Joyal	director	352 WARDNER ROAD, WEST WINDSOR VT 05089
James N Chapman	director	14 ALPINE ROAD, GREENWICH CT 06830
Thomas M Finke	director	BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Michael Thomas Rollings	director	1295 STATE STREET, SPRINGFIELD MA 01111
Larry Port	director	230 PARK AVENUE, NEW YORK NY 10169
Stephen Feinberg	10 percent owner	875 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10022
Massachusetts Mutual Life Insurance Co	10 percent owner	1295 STATE STREET, SPRINGFIELD MA 01111
Glenn S Schafer	director	151 DETROIT STREET, DENVER CO 80206

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