Virco Manufacturing (Virco Manufacturing) Change In Receivables : $-4.7 Mil (TTM As of Jan. 2024)

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What is Virco Manufacturing Change In Receivables?

Virco Manufacturing's change in receivables for the quarter that ended in Jan. 2024 was $6.8 Mil. It means Virco Manufacturing's Accounts Receivable declined by $6.8 Mil from Oct. 2023 to Jan. 2024 .

Virco Manufacturing's change in receivables for the fiscal year that ended in Jan. 2024 was $-4.7 Mil. It means Virco Manufacturing's Accounts Receivable increased by $4.7 Mil from Jan. 2023 to Jan. 2024 .

Virco Manufacturing's Accounts Receivable for the quarter that ended in Jan. 2024 was $23.2 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. Virco Manufacturing's Days Sales Outstanding for the three months ended in Jan. 2024 was 49.61.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Virco Manufacturing's liquidation value for the three months ended in Jan. 2024 was $-3.4 Mil.

Virco Manufacturing Change In Receivables Historical Data

The historical data trend for Virco Manufacturing'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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Virco Manufacturing Change In Receivables Chart

Virco Manufacturing Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Change In Receivables

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1.29

2.13

-8.10

-0.67

-4.68

Virco Manufacturing Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															9.58	2.63	-49.46	35.40	6.75

Virco Manufacturing 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.7 Mil.

Virco Manufacturing (NAS:VIRC) 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.

Virco Manufacturing's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	23.161	/	42.601	*	91
=	49.61

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

Virco Manufacturing's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.286	-	55.266	+	0.75 * 23.161	+	0.5 * 58.371
=	-3.4

Virco Manufacturing Change In Receivables Related Terms

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Virco Manufacturing (Virco Manufacturing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Virco Manufacturing Corp (NAS:VIRC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

2027 Harpers Way, Torrance, CA, USA, 90501

Website

https://www.virco.com

Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Geographically, it operates in the United States and Canada.

Executives

Patricia Levine Quinones	officer: Vice President	6008 E. CALLE CEDRO, ANAHEIM CA 92807
Bradley C Richardson	director
Craig L Levra	director	C/O SPORT CHALET INC, ONE SPORT CHALET DRIVE, LA CANADA CA 91011
Agnieszka Winkler	director	C/O INTER-TEL, INCORPORATED, 1615 SOUTH 52ND STREET, TEMPE AZ 85281
Kathleen D Young	director	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Douglas A Virtue	director, officer: Executive Vice President
Robert A Virtue	director, officer: President & CEO & Chairman
Donald R Rudkin	director	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Alexander L Cappello	director	C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Bassey Yau	officer: Assistant Secretary / Treasure	5502 MARICOPA ST., TORRANCE CA 90501
Robert M Hupe	officer: VP General Counsel	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Jerry Scott Bell	officer: COO	C/O VIRCO MFG. CORPORATION, TORRANCE CA 90501
Robert James Devers	officer: Sr. VP, Information Technology	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Johnson James David Ii	officer: Sr. Vice President Marketing	C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Michael Anthony Digregorio	director	C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245