L3Harris Technologies (LTS:0L3H) Change In Receivables : $74 Mil (TTM As of Mar. 2024)

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What is L3Harris Technologies Change In Receivables?

L3Harris Technologies's change in receivables for the quarter that ended in Mar. 2024 was $-333 Mil. It means L3Harris Technologies's Accounts Receivable increased by $333 Mil from Dec. 2023 to Mar. 2024 .

L3Harris Technologies's change in receivables for the fiscal year that ended in Dec. 2023 was $186 Mil. It means L3Harris Technologies's Accounts Receivable declined by $186 Mil from Dec. 2022 to Dec. 2023 .

L3Harris Technologies's Accounts Receivable for the quarter that ended in Mar. 2024 was $1,209 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. L3Harris Technologies's Days Sales Outstanding for the three months ended in Mar. 2024 was 21.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. L3Harris Technologies's liquidation value for the three months ended in Mar. 2024 was $-20,964 Mil.

L3Harris Technologies Change In Receivables Historical Data

The historical data trend for L3Harris Technologies'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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L3Harris Technologies Change In Receivables Chart

L3Harris Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-34.00

-366.00

-603.00

-187.00

186.00

L3Harris Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-221.00	-43.00	181.00	269.00	-333.00

L3Harris Technologies 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $74 Mil.

L3Harris Technologies (LTS:0L3H) 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.

L3Harris Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1209	/	5211	*	91
=	21.17

2. In Ben Graham's calculation of liquidation value, L3Harris Technologies's accounts receivable are only considered to be worth 75% of book value:

L3Harris Technologies's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	477	-	23086	+	0.75 * 1209	+	0.5 * 1476
=	-20,964

L3Harris Technologies Change In Receivables Related Terms

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L3Harris Technologies (LTS:0L3H) Business Description

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Address

1025 West NASA Boulevard, Melbourne, FL, USA, 32919

Website

https://www.l3harris.com

L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

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