Smith-Midland (Smith-Midland) Change In Receivables

: $-5.29 Mil (TTM As of Sep. 2023)

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Smith-Midland's change in receivables for the quarter that ended in Sep. 2023 was $-0.66 Mil. It means Smith-Midland's Accounts Receivable increased by $0.66 Mil from Jun. 2023 to Sep. 2023 .

Smith-Midland's change in receivables for the fiscal year that ended in Dec. 2022 was $-7.17 Mil. It means Smith-Midland's Accounts Receivable increased by $7.17 Mil from Dec. 2021 to Dec. 2022 .

Smith-Midland's Accounts Receivable for the quarter that ended in Sep. 2023 was $18.09 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. Smith-Midland's Days Sales Outstanding for the three months ended in Sep. 2023 was 105.45.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Smith-Midland's liquidation value for the three months ended in Sep. 2023 was $-2.32 Mil.

Smith-Midland Change In Receivables Historical Data

The historical data trend for Smith-Midland'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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Smith-Midland Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

-3.93

0.92

2.86

-0.36

-7.17

Smith-Midland Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables																-0.12	-4.40	-3.34	3.12	-0.66

Smith-Midland 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.29 Mil.

Smith-Midland (NAS:SMID) 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.

Smith-Midland's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.086	/	15.651	*	91
=	105.45

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

Smith-Midland's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.849	-	23.836	+	0.75 * 18.086	+	0.5 * 4.208
=	-2.32

Smith-Midland Change In Receivables Related Terms

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Smith-Midland (Smith-Midland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Smith-Midland Corp (NAS:SMID) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5119 Catlett Road, P.O. Box 300, Midland, VA, USA, 22728

Website

https://www.smithmidland.com

Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets sells and installs precast concrete products for primary use in the construction, highway, utilities and farming industries. The firm's customers are general contractors and federal, state and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra wall and Easi set. A substantial portion of the company's business is derived from local, state and federal building projects. The company generates revenues primarily from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility and farming industries.

Executives

Wesley A Taylor	director, officer: Vice President	C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Stephanie Poe	officer: Chief Financial Officer	5119 CATLETT ROAD, MIDLAND VA 22728
Ashley B Smith	director, officer: Vice President	C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Rodney I Smith	director, officer: Chief Executive Officer	C/O SMITH MIDLAND CORP, 5119 CATLETT ROAD, MIDLAND VA 22728
Adam Jay Krick	officer: Chief Financial Officer	5119 CATLETT ROAD, MIDLAND VA 22728
James Russell Bruner	director	5119 CATLETT ROAD, MIDLAND VA 22728
Richard Gerhardt	director	5229 CATLETT ROAD, MIDLAND VA 20728
Russell Frederick L. Jr.	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Partners, Llc	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Partners Ii, Llc	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Virginia Capital Ii, Lp	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Tall Cotton Partners, Llc	10 percent owner	1801 LIBBIE AVENUE, SUITE 201, RICHMOND VA 23226
Gerhard E Borst	director	5119 CATLETT ROAD, MIDLAND VA 22728
David W Wright	10 percent owner
Canine Partners Llc	10 percent owner	255 SO 17TH ST, SUITE 2501, PHILADELPHIA PA 19103