LNXSF (Lanxess AG) Change In Receivables : $8 Mil (TTM As of Jun. 2024)

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What is Lanxess AG Change In Receivables?

Lanxess AG's change in receivables for the quarter that ended in Jun. 2024 was $48 Mil. It means Lanxess AG's Accounts Receivable declined by $48 Mil from Mar. 2024 to Jun. 2024 .

Lanxess AG's change in receivables for the fiscal year that ended in Dec. 2023 was $251 Mil. It means Lanxess AG's Accounts Receivable declined by $251 Mil from Dec. 2022 to Dec. 2023 .

Lanxess AG's Accounts Receivable for the quarter that ended in Jun. 2024 was $836 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. Lanxess AG's Days Sales Outstanding for the three months ended in Jun. 2024 was 42.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lanxess AG's liquidation value for the three months ended in Jun. 2024 was $-3,422 Mil.

Lanxess AG Change In Receivables Historical Data

The historical data trend for Lanxess AG'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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Lanxess AG Change In Receivables Chart

Lanxess AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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104.44

-9.73

-177.40

65.68

250.82

Lanxess AG Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Receivables	Get a 7-Day Free Trial															49.84	107.79	71.97	-220.65	48.44

Lanxess AG 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $8 Mil.

Lanxess AG (OTCPK:LNXSF) 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.

Lanxess AG's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	836.383	/	1806.243	*	91
=	42.25

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

Lanxess AG's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	716.9	-	5517.761	+	0.75 * 836.383	+	0.5 * 1503.767
=	-3,422

Lanxess AG Change In Receivables Related Terms

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Lanxess AG Business Description

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Traded in Other Exchanges

LNXSY:USA 1LXS:Italy LXSd:UK 0H7I:UK LXS:Germany LXS:Austria

Address

Kennedyplatz 1, Cologne, DEU, 50569

Website

https://lanxess.com

Lanxess AG is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.