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Scotts Miracle Gro Co (NYSE:SMG)
Change In Receivables
$146 Mil (As of Dec. 2013)

Scotts Miracle Gro Co's change in receivables for the quarter that ended in Dec. 2013 was $146 Mil. It means Scotts Miracle Gro Co's accounts receivables increased by $146 Mil from Sep. 2013 to Dec. 2013 .

Scotts Miracle Gro Co's change in receivables for the fiscal year that ended in Sep. 2013 was $18 Mil. It means Scotts Miracle Gro Co's accounts receivables increased by $18 Mil from Sep. 2012 to Sep. 2013 .

Scotts Miracle Gro Co's accounts receivables for the quarter that ended in Dec. 2013 was $168 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. Scotts Miracle Gro Co's days sales outstanding for the three months ended in Dec. 2013 was 77.61.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Scotts Miracle Gro Co's liquidation value for the three months ended in Dec. 2013 was $-985 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.

Scotts Miracle Gro Co's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=167.5/196.4*91
=77.61

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

Scotts Miracle Gro Co's liquidation value for the quarter that ended in Dec. 2013 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=124.6-1538.1+0.75 * 167.5+0.5 * 605.7
=-985

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Scotts Miracle Gro Co Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ChangeInReceivables -2-38-38-4-167-1110-718

Scotts Miracle Gro Co Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ChangeInReceivables 363142-949514287164-802282374146
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