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Brady Corp (NYSE:BRC)
Change In Receivables
$4 Mil (As of Apr. 2014)

Brady Corp's change in receivables for the quarter that ended in Apr. 2014 was $4 Mil. It means Brady Corp's accounts receivables increased by $4 Mil from Jan. 2014 to Apr. 2014 .

Brady Corp's change in receivables for the fiscal year that ended in Jul. 2013 was $2 Mil. It means Brady Corp's accounts receivables increased by $2 Mil from Jul. 2012 to Jul. 2013 .

Brady Corp's accounts receivables for the quarter that ended in Apr. 2014 was $178 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 receivables are being managed. Brady Corp's days sales outstanding for the three months ended in Apr. 2014 was 52.38.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Brady Corp's liquidation value for the three months ended in Apr. 2014 was $-321 Mil.


Definition

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.


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 receivables are being managed.

Brady Corp's Days Sales Outstanding for the quarter that ended in Apr. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=178.197/309.577*91
=52.38

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

Brady Corp's liquidation value for the quarter that ended in Apr. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=78.715-587.677+0.75 * 178.197+0.5 * 109.369
=-321

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Days Sales Outstanding, Account Receivable, Revenue, NCAV, Cash and Cash Equivalents, Total Liabilities, Inventory


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Brady Corp Annual Data

Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14
ChangeInReceivables -7-14-20-453-298182-4

Brady Corp Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
ChangeInReceivables 57-1813-18-19174-7
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