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CarMax Change In Receivables

: $-62 Mil (TTM As of Aug. 2020)
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CarMax's change in receivables for the quarter that ended in Aug. 2020 was $-58 Mil. It means CarMax's Accounts Receivable declined by $58 Mil from May. 2020 to Aug. 2020 .

CarMax's change in receivables for the fiscal year that ended in Feb. 2020 was $-51 Mil. It means CarMax's Accounts Receivable declined by $51 Mil from Feb. 2019 to Feb. 2020 .

CarMax's Accounts Receivable for the quarter that ended in Aug. 2020 was $203 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. CarMax's Days Sales Outstanding for the three months ended in Aug. 2020 was 3.45.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CarMax's liquidation value for the three months ended in Aug. 2020 was $-14,987 Mil.


CarMax Change In Receivables Historical Data

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

* Premium members only.

CarMax Annual Data
Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.52 -20.22 19.07 -6.53 -51.24

CarMax Quarterly Data
Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
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 Premium Member Only Premium Member Only -7.21 -1.65 -48.35 46.07 -58.14

CarMax 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 Aug. 2020 was -1.646 (Nov. 2019 ) + -48.353 (Feb. 2020 ) + 46.072 (May. 2020 ) + -58.137 (Aug. 2020 ) = $-62 Mil.

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


CarMax  (NYSE:KMX) 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.

CarMax's Days Sales Outstanding for the quarter that ended in Aug. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=203.155/5372.166*91
=3.45

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

CarMax's liquidation value for the quarter that ended in Aug. 2020 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=711.561-17263.746+0.75 * 203.155+0.5 * 2824.959
=-14,987

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


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