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GuruFocus has detected 7 Warning Signs with The Scotts Miracle Gro Co $SMG.
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The Scotts Miracle Gro Co (NYSE:SMG)
Change In Receivables
$140 Mil (As of Dec. 2016)

The Scotts Miracle Gro Co's change in receivables for the quarter that ended in Dec. 2016 was $140 Mil. It means The Scotts Miracle Gro Co's accounts receivables increased by $140 Mil from Sep. 2016 to Dec. 2016 .

The Scotts Miracle Gro Co's change in receivables for the fiscal year that ended in Sep. 2016 was $-30 Mil. It means The Scotts Miracle Gro Co's accounts receivables declined by $30 Mil from Sep. 2015 to Sep. 2016 .

The Scotts Miracle Gro Co's accounts receivables for the quarter that ended in Dec. 2016 was $229 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. The Scotts Miracle Gro Co's days sales outstanding for the three months ended in Dec. 2016 was 84.82.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. The Scotts Miracle Gro Co's liquidation value for the three months ended in Dec. 2016 was $-1,842 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.

The Scotts Miracle Gro Co's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=229.4/246.8*91
=84.82

2. In Ben Graham’s calculation of liquidation value, The Scotts Miracle Gro Co's accounts receivable are only considered to be worth 75% of book value:

The Scotts Miracle Gro Co's liquidation value for the quarter that ended in Dec. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=88.7-2480.6+0.75 * 229.4+0.5 * 756.3
=-1,842

* 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.

The Scotts Miracle Gro Co Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ChangeInReceivables -4-167-1110-718-29-13-30

The Scotts Miracle Gro Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ChangeInReceivables 404149-884259463134-969387418140
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