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Brady Corp  (NYSE:BRC) Change In Receivables: \$2 Mil (As of Jul. 2017)

Brady Corp's change in receivables for the quarter that ended in Jul. 2017 was \$2 Mil. It means Brady Corp's Accounts Receivable increased by \$2 Mil from Apr. 2017 to Jul. 2017 .

Brady Corp's change in receivables for the fiscal year that ended in Jul. 2017 was \$1 Mil. It means Brady Corp's Accounts Receivable increased by \$1 Mil from Jul. 2016 to Jul. 2017 .

Brady Corp's Accounts Receivable for the quarter that ended in Jul. 2017 was \$150 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. Brady Corp's Days Sales Outstanding for the three months ended in Jul. 2017 was 47.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Brady Corp's liquidation value for the three months ended in Jul. 2017 was \$-50 Mil.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Change In Receivables 1.54 -3.60 1.32 8.16 0.77

 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Change In Receivables 3.48 -0.68 4.09 -4.34 1.70

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.

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.

Brady Corp's Days Sales Outstanding for the quarter that ended in Jul. 2017 is calculated as:

 Days Sales Outstanding = Accounts Receivable / Revenue * Days in Period = 149.638 / 289.212 * 91 = 47.21

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

Brady Corp's liquidation value for the quarter that ended in Jul. 2017 is calculated as:

 Liquidation Value = Cash, Cash Equivalents, Marketable Securities - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 133.944 - 350.083 + 0.75 * 149.638 + 0.5 * 107.024 = -50

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms