adidas AG (adidas AG) Change In Receivables : $1,085 Mil (TTM As of Dec. 2023)

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What is adidas AG Change In Receivables?

adidas AG's change in receivables for the quarter that ended in Dec. 2023 was $986 Mil. It means adidas AG's Accounts Receivable declined by $986 Mil from Sep. 2023 to Dec. 2023 .

adidas AG's change in receivables for the fiscal year that ended in Dec. 2023 was $1,085 Mil. It means adidas AG's Accounts Receivable declined by $1,085 Mil from Dec. 2022 to Dec. 2023 .

adidas AG's Accounts Receivable for the quarter that ended in Dec. 2023 was $2,079 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. adidas AG's Days Sales Outstanding for the three months ended in Dec. 2023 was 36.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. adidas AG's liquidation value for the three months ended in Dec. 2023 was $-7,833 Mil.

adidas AG Change In Receivables Historical Data

The historical data trend for adidas 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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adidas AG Change In Receivables Chart

adidas AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-771.11

409.98

-192.09

-842.16

1,085.06

adidas AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															813.56	64.24	127.84	-92.85	985.82

adidas 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,085 Mil.

adidas AG (OTCPK:ADDYY) 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.

adidas AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2078.517	/	5246.456	*	91
=	36.15

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

adidas AG'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)
=	2420.938	-	14280.262	+	0.75 * 2078.517	+	0.5 * 4934.569
=	-7,833

adidas AG Change In Receivables Related Terms

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adidas AG (adidas AG) Business Description

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Address

Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.adidas-group.com

Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through nearly 2,000 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 65 countries. The company was founded in 1949 in Germany.