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Gates Industrial Change In Receivables

: $10 Mil (TTM As of Dec. 2020)
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Gates Industrial's change in receivables for the quarter that ended in Dec. 2020 was $34 Mil. It means Gates Industrial's Accounts Receivable declined by $34 Mil from Sep. 2020 to Dec. 2020 .

Gates Industrial's change in receivables for the fiscal year that ended in Dec. 2020 was $10 Mil. It means Gates Industrial's Accounts Receivable declined by $10 Mil from Dec. 2019 to Dec. 2020 .

Gates Industrial's Accounts Receivable for the quarter that ended in Dec. 2020 was $695 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. Gates Industrial's Days Sales Outstanding for the three months ended in Dec. 2020 was 79.85.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Gates Industrial's liquidation value for the three months ended in Dec. 2020 was $-2,945 Mil.

Gates Industrial Change In Receivables Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Gates Industrial Annual Data
Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Change In Receivables Premium Member Only Premium Member Only -44.80 -24.60 -49.60 41.80 9.70

Gates Industrial Quarterly Data
Dec15 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.80 -42.10 67.10 -49.50 34.20

Gates Industrial 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. 2020 was -42.1 (Mar. 2020 ) + 67.1 (Jun. 2020 ) + -49.5 (Sep. 2020 ) + 34.2 (Dec. 2020 ) = $10 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Gates Industrial  (NYSE:GTES) 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.

Gates Industrial's Days Sales Outstanding for the quarter that ended in Dec. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=695/794.2*91
=79.85

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

Gates Industrial's liquidation value for the quarter that ended in Dec. 2020 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=521.4-4241.3+0.75 * 695+0.5 * 508.2
=-2,945

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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