Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Change In Receivables : $0.36 Mil (TTM As of Feb. 2024)

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What is Art's-Way Manufacturing Co Change In Receivables?

Art's-Way Manufacturing Co's change in receivables for the quarter that ended in Feb. 2024 was $0.39 Mil. It means Art's-Way Manufacturing Co's Accounts Receivable declined by $0.39 Mil from Nov. 2023 to Feb. 2024 .

Art's-Way Manufacturing Co's change in receivables for the fiscal year that ended in Nov. 2023 was $-0.96 Mil. It means Art's-Way Manufacturing Co's Accounts Receivable increased by $0.96 Mil from Nov. 2022 to Nov. 2023 .

Art's-Way Manufacturing Co's Accounts Receivable for the quarter that ended in Feb. 2024 was $3.05 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. Art's-Way Manufacturing Co's Days Sales Outstanding for the three months ended in Feb. 2024 was 48.57.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Art's-Way Manufacturing Co's liquidation value for the three months ended in Feb. 2024 was $-5.27 Mil.

Art's-Way Manufacturing Co Change In Receivables Historical Data

The historical data trend for Art's-Way Manufacturing Co'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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Art's-Way Manufacturing Co Change In Receivables Chart

Art's-Way Manufacturing Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

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-0.14

-0.74

-0.26

-0.08

-0.96

Art's-Way Manufacturing Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-0.93	-0.28	-0.77	1.03	0.39

Art's-Way Manufacturing Co 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.36 Mil.

Art's-Way Manufacturing Co (NAS:ARTW) 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.

Art's-Way Manufacturing Co's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.046	/	5.723	*	91
=	48.57

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

Art's-Way Manufacturing Co's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.002	-	13.049	+	0.75 * 3.046	+	0.5 * 10.983
=	-5.27

Art's-Way Manufacturing Co Change In Receivables Related Terms

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Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Art's-Way Manufacturing Co Inc (NAS:ARTW) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

ID2:Germany

Address

5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514

Website

https://www.artsway-mfg.com

Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has three reportable segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The Tools segment manufactures steel cutting tools and inserts. It derives revenues from the Agricultural Products segment.

Executives

Randall C. Ramsey	director	5556 HIGHWAY 9, ARMSTRONG IA 50514
Matthew Westendorf	director	C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
David Alan King	officer: Executive Vice President	C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
Mcconnell J Ward Jr	director, 10 percent owner
Michael William Woods	officer: Controller	C/O ART'S WAY MANUFACTURING CO., INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
Marc H Mcconnell	director	1118 N QUEEN ST, KINSTON NC 28501
David Allan White	director	C/O 5556 HIGHWAY 8, ARMSTRONG IA 50514
Carrie L. Gunnerson	officer: President and CEO	5556 HIGHWAY 9, ARMSTRONG IA 50514
Joseph R Dancy	director	1007 BEAVER CREEK, DUNCANVILLE TX 75137
Michael Furness	officer: Director of Finance	5556 HIGHWAY 9, ARMSTRONG IA 50514
David R Castle	director	P.O. BOX 1738, LAKEFIELD A6 K0L 2H0
Dean James Droegemueller	officer: Director of Finance	5825 VINCENT AVENUE SOUTH, MINNEAPOLIS MN 55410
Fred William Krahmer	director	204 LAKE AVENUE, SUITE 201, FAIRMONT MN 56031
Thomas E Buffamante	director	6863 WOODLAND DRIVE NORTH, GREAT VALLEY NY 14741
Douglas Richard Mcclellan	director