Magna International (Magna International) Change In Receivables : $-820 Mil (TTM As of Dec. 2023)

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What is Magna International Change In Receivables?

Magna International's change in receivables for the quarter that ended in Dec. 2023 was $796 Mil. It means Magna International's Accounts Receivable declined by $796 Mil from Sep. 2023 to Dec. 2023 .

Magna International's change in receivables for the fiscal year that ended in Dec. 2023 was $-820 Mil. It means Magna International's Accounts Receivable increased by $820 Mil from Dec. 2022 to Dec. 2023 .

Magna International's Accounts Receivable for the quarter that ended in Dec. 2023 was $7,881 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. Magna International's Days Sales Outstanding for the three months ended in Dec. 2023 was 68.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Magna International's liquidation value for the three months ended in Dec. 2023 was $-10,566 Mil.

Magna International Change In Receivables Historical Data

The historical data trend for Magna International'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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Magna International Change In Receivables Chart

Magna International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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629.00

-42.00

114.00

-913.00

-820.00

Magna International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															426.00	-1,170.00	-411.00	-35.00	796.00

Magna International 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-820 Mil.

Magna International (NYSE:MGA) 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.

Magna International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7881	/	10454	*	91
=	68.79

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

Magna International's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1198	-	19978	+	0.75 * 7881	+	0.5 * 4606
=	-10,566

Magna International Change In Receivables Related Terms

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Magna International (Magna International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Change In Receivables

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Traded in Other Exchanges

MGA N:Mexico MGA:Germany MGA:Germany MG:Canada

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.