Packaging of America (Packaging of America) Change In Receivables : $-1 Mil (TTM As of Dec. 2023)

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What is Packaging of America Change In Receivables?

Packaging of America's change in receivables for the quarter that ended in Dec. 2023 was $12 Mil. It means Packaging of America's Accounts Receivable declined by $12 Mil from Sep. 2023 to Dec. 2023 .

Packaging of America's change in receivables for the fiscal year that ended in Dec. 2023 was $-1 Mil. It means Packaging of America's Accounts Receivable increased by $1 Mil from Dec. 2022 to Dec. 2023 .

Packaging of America's Accounts Receivable for the quarter that ended in Dec. 2023 was $1,033 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. Packaging of America's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.65.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Packaging of America's liquidation value for the three months ended in Dec. 2023 was $-2,261 Mil.

Packaging of America Change In Receivables Historical Data

The historical data trend for Packaging of America'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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Packaging of America Change In Receivables Chart

Packaging of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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56.40

13.20

-227.20

39.30

-1.40

Packaging of America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															54.10	-2.60	-64.90	12.00	-

Packaging of America 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 Mil.

Packaging of America (NYSE:PKG) 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.

Packaging of America's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1033.2	/	1937.9	*	91
=	48.65

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

Packaging of America'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)
=	1141.5	-	4683.8	+	0.75 * 1033.2	+	0.5 * 1013.1
=	-2,261

Packaging of America Change In Receivables Related Terms

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Packaging of America (Packaging of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Packaging Corp of America (NYSE:PKG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

PKA:Germany PKA:Germany

Address

1 North Field Court, Lake Forest, IL, USA, 60045

Website

https://www.packagingcorp.com

Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.

Executives

Paul T Stecko	director, officer: Chairman/Chief Exec. Officer
Kent A. Pflederer	officer: VP, Gen. Counsel & Sec.	PACKAGING CORPORATION OF AMERICA, 1955 W. FIELD CT., LAKE FOREST IL 60645
Donald R. Shirley	officer: SVP	1 N. FIELD COURT, LAKE FOREST IL 60045
Bruce A Ridley	officer: SVP	1 N. FIELD CT, LAKE FOREST IL 60045
Robert Andrew Schneider	officer: SVP & CIO	1 N. FIELD CT, LAKE FOREST IL 60045
Thomas A Hassfurther	officer: Senior VP-Sales & Marketing	C/O PACKAGING CORPORATION OF AMERICA, 1900 WEST FIELD COURT, LAKE FOREST IL 60045
Charles J. Carter	officer: VP-Containerboard	1900 W. FIELD CT., LAKE FOREST IL 60045
Robert P. Mundy	officer: SVP	6775 LENOX CENTER COURT, SUITE 400, MEMPHIS TN 38115
Donna A. Harman	director	PACKAGING CORPORATION OF AMERICA, 1 N. FIELD CT., LAKE FOREST IL 60045
Darla J. Olivier	officer: SVP	1 N. FIELD CT., LAKE FOREST IL 60045
Walton Thomas W.h.	officer: SVP	C/O PACKAGING CORPORATION OF AMERICA, 1900 W. FIELD CT., LAKE FOREST IL 60045
Jeffrey S Kaser	officer: SVP	1 N FIELD CT, LAKE FOREST IL 60045
Robert C Lyons	director	500 WEST MONROE ST, CHICAGO IL 60661
Pamela A. Barnes	officer: SVP	1 N. FIELD CT, LAKE FOREST IL 60045
Samuel M Mencoff	director, 10 percent owner	BUCKEYE TECHNOLOGIES INC, 1001 TILLMAN STREET, MEMPHIS TN 38112