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Scotts Miracle Gro Co (NYSE:SMG)
Change In Receivables
$404 Mil (As of Sep. 2014)

Scotts Miracle Gro Co's change in receivables for the quarter that ended in Sep. 2014 was $404 Mil. It means Scotts Miracle Gro Co's accounts receivables increased by $404 Mil from Jun. 2014 to Sep. 2014 .

Scotts Miracle Gro Co's change in receivables for the fiscal year that ended in Sep. 2014 was $-29 Mil. It means Scotts Miracle Gro Co's accounts receivables declined by $29 Mil from Sep. 2013 to Sep. 2014 .

Scotts Miracle Gro Co's accounts receivables for the quarter that ended in Sep. 2014 was $350 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 Sep. 2014 was 70.38.

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 Sep. 2014 was $-960 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 Sep. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=350.4/454.3*91
=70.38

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 Sep. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=89.3-1504.6+0.75 * 350.4+0.5 * 385.1
=-960

* 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

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
ChangeInReceivables -38-38-4-167-1110-718-29

Scotts Miracle Gro Co Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ChangeInReceivables 514287164-802282374146-921342404
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