Illinois Tool Works (Illinois Tool Works) Change In Receivables

: $64 Mil (TTM As of Dec. 2023)

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Illinois Tool Works's change in receivables for the quarter that ended in Dec. 2023 was $103 Mil. It means Illinois Tool Works's Accounts Receivable declined by $103 Mil from Sep. 2023 to Dec. 2023 .

Illinois Tool Works's change in receivables for the fiscal year that ended in Dec. 2023 was $64 Mil. It means Illinois Tool Works's Accounts Receivable declined by $64 Mil from Dec. 2022 to Dec. 2023 .

Illinois Tool Works's Accounts Receivable for the quarter that ended in Dec. 2023 was $3,123 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. Illinois Tool Works's Days Sales Outstanding for the three months ended in Dec. 2023 was 71.55.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Illinois Tool Works's liquidation value for the three months ended in Dec. 2023 was $-8,244 Mil.

Illinois Tool Works Change In Receivables Historical Data

The historical data trend for Illinois Tool Works'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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Illinois Tool Works Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

40.00

95.00

-240.00

-461.00

64.00

Illinois Tool Works 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																-44.00	-17.00	-25.00	3.00	103.00

Illinois Tool Works 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 $64 Mil.

Illinois Tool Works (NYSE:ITW) 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.

Illinois Tool Works's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3123	/	3983	*	91
=	71.55

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

Illinois Tool Works'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)
=	1065	-	12505	+	0.75 * 3123	+	0.5 * 1707
=	-8,244

Illinois Tool Works Change In Receivables Related Terms

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Illinois Tool Works (Illinois Tool Works) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Illinois Tool Works Inc (NYSE:ITW) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

ILT:Germany ILT:Germany ILT:Germany I1TW34:Brazil

Address

155 Harlem Avenue, Glenview, IL, USA, 60025

Website

https://www.itw.com

Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.

Executives

Smith David Byron Jr	director	155 HARLEM AVE., GLENVIEW IL 60025
Randall J Scheuneman	officer: VP & Chief Accounting Officer	155 HARLEM AVE., GLENVIEW IL 60025
Christopher A O'herlihy	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Ernest Scott Santi	director, officer: President & CEO	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Michael M Larsen	officer: SVP & CFO	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Kelly J Grier	director	155 HARLEM AVE., GLENVIEW IL 60025
Lei Zhang Schlitz	officer: Executive Vice President	5757 N. GREENBAY AVENUE, GLENDALE WI 53129
Patricia A. Hartzell	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Javier Gracia Carbonell	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Mary Katherine Lawler	officer: SVP & Chief HR Officer	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE, GLENVIEW IL 60025
Jay L Henderson	director	50 SOUTH LASALLE ST, CHICAGO IL 60603
Jennifer Kaplan Schott	officer: SVP, General Counsel & Secy.	155 HARLEM AVE., GLENVIEW IL 60025
Darrell L Ford	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Finch Norman D. Jr.	officer: Sr. VP, General Counsel & Secy	C/O ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Michael R. Zimmerman	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025