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Brady Corp (NYSE:BRC)
Change In Receivables
$-1 Mil (As of Oct. 2016)

Brady Corp's change in receivables for the quarter that ended in Oct. 2016 was $-1 Mil. It means Brady Corp's accounts receivables declined by $1 Mil from Jul. 2016 to Oct. 2016 .

Brady Corp's change in receivables for the fiscal year that ended in Jul. 2015 was $1 Mil. It means Brady Corp's accounts receivables increased by $1 Mil from Jul. 2014 to Jul. 2015 .

Brady Corp's accounts receivables for the quarter that ended in Oct. 2016 was $146 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 Oct. 2016 was 47.50.

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 Oct. 2016 was $-112 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 Oct. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=145.831/280.176*91
=47.50

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 Oct. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=166.301-436.213+0.75 * 145.831+0.5 * 97.402
=-112

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Brady Corp Annual Data

Jul07Jul08Jul09Jul10Jul11Jul12Jul13Jul14Jul15Jul16
ChangeInReceivables -20-453-298182-418

Brady Corp Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16
ChangeInReceivables -7-415-122-3713-1
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