Gates Industrial (Gates Industrial) Change In Receivables : $46 Mil (TTM As of Dec. 2023)

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What is Gates Industrial Change In Receivables?

Gates Industrial's change in receivables for the quarter that ended in Dec. 2023 was $69 Mil. It means Gates Industrial's Accounts Receivable declined by $69 Mil from Sep. 2023 to Dec. 2023 .

Gates Industrial's change in receivables for the fiscal year that ended in Dec. 2023 was $46 Mil. It means Gates Industrial's Accounts Receivable declined by $46 Mil from Dec. 2022 to Dec. 2023 .

Gates Industrial's Accounts Receivable for the quarter that ended in Dec. 2023 was $768 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. 2023 was 81.20.

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. 2023 was $-2,090 Mil.

Gates Industrial Change In Receivables Historical Data

The historical data trend for Gates Industrial'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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Gates Industrial Change In Receivables Chart

Gates Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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41.80

9.70

-22.30

-129.30

45.60

Gates Industrial 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															17.90	-27.70	-39.10	43.90	68.50

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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $46 Mil.

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. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	768.2	/	863.3	*	91
=	81.20

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. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	720.6	-	3710.6	+	0.75 * 768.2	+	0.5 * 647.2
=	-2,090

Gates Industrial Change In Receivables Related Terms

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Gates Industrial (Gates Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gates Industrial Corp PLC (NYSE:GTES) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

1JL:Germany

Address

1144 Fifteenth Street, Denver, CO, USA, 80202

Website

https://www.gates.com

Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.

Executives

Omaha Aggregator (cayman) L.p.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-1 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Gwendolyn Ann Montgomery	officer: SVP, Global Human Resources	33587 WALKER RD, AVON LAKE OH 44012
Fredrik J Eliasson	director	500 WATER STREET, JACKSONVILLE FL 32202
Seth Meisel	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Wilson S Neely	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Bx Gates Ml-5 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-4 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-3 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Gates Ml-2 Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Alicia L. Tillman	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Thomas G. Pitstick	officer: CMO & SVP Strategic Planning	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Peifang Zhang	director	21640 E. BRIARWOOD DR., AURORA CO 80016
James W Ireland	director	C/O GATES INTERNATIONAL CORPORATION PLC, 1144 15TH STREET, SUITE 1400, DENVER CO 80202