Omnova Solutions (Omnova Solutions) Change In Receivables : $15.1 Mil (TTM As of Feb. 2020)

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What is Omnova Solutions Change In Receivables?

Omnova Solutions's change in receivables for the quarter that ended in Feb. 2020 was $1.3 Mil. It means Omnova Solutions's Accounts Receivable declined by $1.3 Mil from Nov. 2019 to Feb. 2020 .

Omnova Solutions's change in receivables for the fiscal year that ended in Nov. 2019 was $17.8 Mil. It means Omnova Solutions's Accounts Receivable declined by $17.8 Mil from Nov. 2018 to Nov. 2019 .

Omnova Solutions's Accounts Receivable for the quarter that ended in Feb. 2020 was $91.2 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. Omnova Solutions's Days Sales Outstanding for the three months ended in Feb. 2020 was 53.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Omnova Solutions's liquidation value for the three months ended in Feb. 2020 was $-386.9 Mil.

Omnova Solutions Change In Receivables Historical Data

The historical data trend for Omnova Solutions'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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Omnova Solutions Change In Receivables Chart

Omnova Solutions Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Change In Receivables

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11.60

4.10

-13.90

4.30

17.80

Omnova Solutions Quarterly Data
	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20
Change In Receivables	Get a 7-Day Free Trial															4.00	-16.80	8.10	22.50	1.30

Omnova Solutions 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 Feb. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $15.1 Mil.

Omnova Solutions (NYSE:OMN) 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.

Omnova Solutions's Days Sales Outstanding for the quarter that ended in Feb. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	91.2	/	155.6	*	91
=	53.48

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

Omnova Solutions's liquidation value for the quarter that ended in Feb. 2020 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	40.9	-	537.2	+	0.75 * 91.2	+	0.5 * 82
=	-386.9

Omnova Solutions Change In Receivables Related Terms

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Omnova Solutions (Omnova Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Omnova Solutions Inc (NYSE:OMN) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

25435 Harvard Road, Beachwood, OH, USA, 44122-6201

Website

https://www.omnova.com

Omnova Solutions Inc manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into two segments based on the product type. Its performance materials segment, which sells latex, lubricants, plastics, and powders used in the production of paper and packaging materials, carpets, tires, cords, synthetic latex gloves, and rubber products. The specialty chemical segment sells vinyl acrylics, styrene, plastic pigments, and polyethylene resins used in the production of textiles, oil and gas, coatings, construction materials, and personal care products. It generates a majority of revenue from the Specialty Solutions segment. Geographically, the company's majority of revenue comes from the United States.

Executives

Anne P Noonan	officer: President & CEO	25435 HARVARD RD, BEACHWOOD OH 44122
Allan R Rothwell	director	C/O COMPASS MINERALS, 9900 WEST 109TH STREET, SUITE 600, OVERLAND PARK KS 66210
James A Mitarotonda	director	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Joseph M Gingo	director	3550 WEST MARKET STREET, AKRON OH 44333
Michael J Merriman	director	C/O RC2 CORPORATION, 1111 WEST 22ND STREET, SUITE 320, OAK BROOK IL 60523
David J Dantoni	director	C/O COMPASS MINERALS, 9900 WEST 109TH STREET, SUITE 600, OVERLAND PARK KS 66210
Janet Plaut Giesselman	director	25435 HARVARD RD., BEACHWOOD OH 44122
Larry B Porcellato	director	ICI PAINTS, 15885 SPRAGUE ROAD, CLEVELAND OH 44136
Paul F Desantis	officer: SVP, CFO; Treasurer	25435 HARVARD RD, BEACHWOOD OH 44122-6201
Donald B. Mcmillan	officer: Chief Accounting Officer	25435 HARVARD RD, BEACHWOOD OH 44122
Robert A Stefanko	director	3550 W MARKET ST, AKRON OH 44333
Edward P Campbell	director	C/O KEYCORP, 127 PUBLIC SQUARE, CLEVELAND OH 44114
David A. Daberko	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Gregory T Troy	officer: Senior VP Human Resources	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002