Spectrum Group International (Spectrum Group International) Change In Receivables : $20 Mil (TTM As of Dec. 2013)

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What is Spectrum Group International Change In Receivables?

Spectrum Group International's change in receivables for the quarter that ended in Dec. 2013 was $-29 Mil. It means Spectrum Group International's Accounts Receivable increased by $29 Mil from Sep. 2013 to Dec. 2013 .

Spectrum Group International's change in receivables for the fiscal year that ended in Jun. 2013 was $26 Mil. It means Spectrum Group International's Accounts Receivable declined by $26 Mil from Jun. 2012 to Jun. 2013 .

Spectrum Group International's Accounts Receivable for the quarter that ended in Dec. 2013 was $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. Spectrum Group International's Days Sales Outstanding for the three months ended in Dec. 2013 was 2.94.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Spectrum Group International's liquidation value for the three months ended in Dec. 2013 was $-128 Mil.

Spectrum Group International Change In Receivables Historical Data

The historical data trend for Spectrum Group International'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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Spectrum Group International Change In Receivables Chart

Spectrum Group International Annual Data

Trend

Jun02

Jun03

Jun04

Jun05

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Change In Receivables

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-15.09

3.91

-74.19

-32.90

26.25

Spectrum Group International Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Change In Receivables	Get a 7-Day Free Trial															38.45	23.83	-17.50	42.25	-28.79

Spectrum Group International 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $20 Mil.

Spectrum Group International (OTCPK:SPGZ) 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.

Spectrum Group International's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	48.579	/	1509.516	*	91
=	2.94

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

Spectrum Group International's liquidation value for the quarter that ended in Dec. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	16.918	-	272.872	+	0.75 * 48.579	+	0.5 * 182.63
=	-128

Spectrum Group International Change In Receivables Related Terms

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Spectrum Group International (Spectrum Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Spectrum Group International Inc (OTCPK:SPGZ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1063 McGaw, Suite 250, Irvine, CA, USA, 92614

Website

http://www.spectrumgi.com

Spectrum Group International Inc is an auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. It operates in two segments: Trading and Collectibles.The Trading segment operates through A-Mar.

Executives

Gregory N Roberts	director, 10 percent owner, officer: President and CEO	2625 ST ANDREWS, TUSTIN CA 92660
Carol Meltzer	officer: General Counsel and EVP	775 PASSAIC AVE, WEST CALDWELL NJ 07006
Jeffrey D Benjamin	director	9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
William A Richardson	10 percent owner	2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
William Montgomery	director	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Joel R Anderson	director	202 NORTH COURT STREET, FLORENCE AL 35630
Ellis Landau	director	CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148
Jess M Ravich	director	11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Silver Bow Ventures Llc	10 percent owner	C/O SPECTRUM GROUP INTERNATIONAL, 1063 MCGAW, IRVINE CA 92614
Moorhead John	director	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Nolan Christopher William Sr	director	15 TILGHMAN DRIVE, WAYNE NJ 07470
Thor Gjerdrum	officer: Chief Financial Officer & EVP	5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Mark B Segall	director	251 WEST 89TH STREET APT 20, NEW YORK NY 10024
Matthew M Walsh	officer: CFO AND EXE. V.P.	ALLERGAN, 5 GIRALDA FARMS, MADISON NJ 07940

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