Express, (Express,) Change In Receivables

: $-7 Mil (TTM As of Oct. 2023)

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Express,'s change in receivables for the quarter that ended in Oct. 2023 was $-7 Mil. It means Express,'s Accounts Receivable increased by $7 Mil from Jul. 2023 to Oct. 2023 .

Express,'s change in receivables for the fiscal year that ended in Jan. 2023 was $-1 Mil. It means Express,'s Accounts Receivable increased by $1 Mil from Jan. 2022 to Jan. 2023 .

Express,'s Accounts Receivable for the quarter that ended in Oct. 2023 was $32 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. Express,'s Days Sales Outstanding for the three months ended in Oct. 2023 was 6.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Express,'s liquidation value for the three months ended in Oct. 2023 was $-1,021 Mil.

Express, Change In Receivables Historical Data

The historical data trend for Express,'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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Express, Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Change In Receivables

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-4.99

5.05

-112.07

60.49

-0.71

Express, Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Change In Receivables	Get a 7-Day Free Trial															-4.05	4.37	-4.41	-0.26	-6.80

Express, 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7 Mil.

Express, (OTCPK:EXPRQ) 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.

Express,'s Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	32.136	/	454.063	*	91
=	6.46

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

Express,'s liquidation value for the quarter that ended in Oct. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	34.643	-	1319.803	+	0.75 * 32.136	+	0.5 * 480.867
=	-1,021

Express, Change In Receivables Related Terms

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Express, (Express,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Express, Inc. (OTCPK:EXPRQ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Express Drive, Columbus, OH, USA, 43230

Website

https://www.express.com

Express, Inc. is a United States-based specialty apparel retailer. It offers apparel and accessories for work, casual, jeanswear, and going-out. The company also sells the products through its e-commerce website and mobile app, as well as through franchisees who operate company locations in Latin America according to the franchise agreements. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel.

Executives

Stewart Glendinning	director, officer: Chief Executive Officer	1 EXPRESS DRIVE, COLUMBUS OH 43230
Yehuda Shmidman	director	C/O ICONIX BRAND GROUP, INC., 1450 BROADWAY, 4TH FLOOR, NEW YORK NY 10018
Satish Mehta	director	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Jason N Judd	officer: SVP, CFO and Treasurer	50 N THIRD ST, NEWARK OH 43055
Patricia E Lopez	director	333 LUDLOW ST, STAMFORD CT 06902
Antonio Lucio	director	C/O EXPRESS INC., 1 EXPRESS DRIVE, COLUMBUS OH 43230
Laurel Krueger	officer: Chief Legal Officer & Corp Sec	ONE EXPRESS DRIVE, COLUMBUS OH 43230
Periclis Pericleous	officer: SVP, CFO and Treasurer	1 EXPRESS DR., COLUMBUS OH 43230
Matthew C Moellering	officer: EVP, CAO,CFO, Treasurer & Sec.	C/O EXPRESS PARENT LLC, ONE LIMITED PARKWAY, COLUMBUS OH 43230
Malissa Akay	officer: EVP, Chief Merch. Officer	1 EXPRESS DR., COLUMBUS OH 43230
Sara Tervo	officer: EVP, Chief Marketing Officer	1 EXPRESS DR., COLUMBUS OH 43230
Timothy G Baxter	director, officer: Chief Executive Officer	C/O EXPRESS, INC., 1 EXPRESS DR., COLUMBUS OH 43230
Contrarius Investment Management Ltd	10 percent owner	2 BOND STREET, ST. HELIER Y9 JE2 3NP
Contrarius Investment Management (bermuda) Ltd	10 percent owner	VICTORIA PLACE, 5TH FLOOR, 31 VICTORIA STREET, HAMILTON D0 HM 10
James A Hilt	officer: EVP, CMO, and ECommerce	1 EXPRESS DRIVE, COLUMBUS OH 43230