Sears Canada (Sears Canada) Accounts Receivable

: $46 Mil (As of Apr. 2017)

View and export this data going back to 2010. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sears Canada's accounts receivables for the quarter that ended in Apr. 2017 was $46 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sears Canada's Days Sales Outstanding for the quarter that ended in Apr. 2017 was 11.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sears Canada's Net-Net Working Capital per share for the quarter that ended in Apr. 2017 was $-4.37.

Sears Canada Accounts Receivable Historical Data

The historical data trend for Sears Canada's Accounts Receivable 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.

* Premium members only.

Sears Canada Annual Data

Trend

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Accounts Receivable

78.32

76.14

60.22

41.81

50.90

Sears Canada Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Accounts Receivable																43.46	36.16	44.83	50.90	45.77

Sears Canada Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Sears Canada Accounts Receivable 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.

Sears Canada's Days Sales Outstanding for the quarter that ended in Apr. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	45.769	/	376.2	*	91
=	11.10

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Sears Canada's accounts receivable are only considered to be worth 75% of book value:

Sears Canada's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2017 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(100.022	+	0.75 * 45.769	+	0.5 * 489.916	-	824.44
-	0	-	0)	/	101.878
=	-4.37

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Sears Canada Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Sears Canada's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Sears Canada (Sears Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sears Canada Inc (OTCPK:SRSCQ) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

290 Yonge Street, Suite 700, Toronto, ON, CAN, M5B 2C3

Website

http://www.sears.ca

Sears Canada Inc is in the sale of goods and services through the Company's Retail channels. It comprised of one reportable segment, Merchandising. Which includes its full-line department, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. stores, and its Direct (catalog/internet) channel. It also includes service revenue related primarily to logistics services provided through the Company. Commission revenue includes travel, home improvement services, insurance, wireless and long-distance plans. Licensee fee revenue is comprised of payments received from licensees that operate within the Company stores.

Sears Canada (Sears Canada) Headlines

From GuruFocus

Fairholme's Bruce Berkowitz Announces New Holding Sears Canada and Increase to Leucadia

By Holly LaFon Holly LaFon • 02-01-2013

Fairholme Fund Increases Stakes During 1Q2015

By Amber Harris Amber Harris • 04-29-2015

Berkowitz's Fairholme Fund Adds Stake In Struggling Sears Canada

By J. Lukas Neely – EndlessRise J. Lukas Neely • 11-11-2014

Edward Lampert's Recent Buys

By Tiziano Frateschi Tiziano Frateschi • 03-19-2015

Bruce Berkowitz Comments on Sears Canada

By Holly LaFon Holly LaFon • 08-08-2017

Bruce Berkowitz Comments on Sears Canada

By Holly LaFon Holly LaFon • 07-11-2017

Bruce Berkowitz Increases 2 Holdings, Reduces AIG in Q2

By Holly LaFon Holly LaFon • 07-31-2015