SKF AB (SKF AB) Change In Receivables : $-64 Mil (TTM As of Dec. 2023)

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What is SKF AB Change In Receivables?

SKF AB's change in receivables for the quarter that ended in Dec. 2023 was $81 Mil. It means SKF AB's Accounts Receivable declined by $81 Mil from Sep. 2023 to Dec. 2023 .

SKF AB's change in receivables for the fiscal year that ended in Dec. 2023 was $-64 Mil. It means SKF AB's Accounts Receivable increased by $64 Mil from Dec. 2022 to Dec. 2023 .

SKF AB's Accounts Receivable for the quarter that ended in Dec. 2023 was $1,639 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. SKF AB's Days Sales Outstanding for the three months ended in Dec. 2023 was 62.77.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SKF AB's liquidation value for the three months ended in Dec. 2023 was $-1,894 Mil.

SKF AB Change In Receivables Historical Data

The historical data trend for SKF AB'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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SKF AB Change In Receivables Chart

SKF AB Annual Data

Trend

Dec14

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Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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18.77

131.77

-102.43

-183.08

-63.95

SKF AB 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															66.29	-168.38	-48.01	71.99	80.62

SKF AB 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 $-64 Mil.

SKF AB (OTCPK:SKFRY) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1638.882	/	2382.429	*	91
=	62.77

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

SKF AB'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)
=	1298.257	-	5551.689	+	0.75 * 1638.882	+	0.5 * 2261.153
=	-1,894

SKF AB Change In Receivables Related Terms

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SKF AB (SKF AB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Change In Receivables

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Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.