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The Scotts Miracle Gro Co  (NYSE:SMG) Change In Receivables: $381 Mil (As of Jun. 2017)

The Scotts Miracle Gro Co's change in receivables for the quarter that ended in Jun. 2017 was $381 Mil. It means The Scotts Miracle Gro Co's Accounts Receivable increased by $381 Mil from Mar. 2017 to Jun. 2017 .

The Scotts Miracle Gro Co's change in receivables for the fiscal year that ended in Sep. 2017 was $49 Mil. It means The Scotts Miracle Gro Co's Accounts Receivable increased by $49 Mil from Sep. 2016 to Sep. 2017 .

The Scotts Miracle Gro Co's Accounts Receivable for the quarter that ended in Jun. 2017 was $752 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. The Scotts Miracle Gro Co's Days Sales Outstanding for the three months ended in Jun. 2017 was 63.66.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. The Scotts Miracle Gro Co's liquidation value for the three months ended in Jun. 2017 was $-1,701 Mil.


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.

The Scotts Miracle Gro Co Annual Data

Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.90 -29.40 -12.50 -29.80 48.60

The Scotts Miracle Gro Co Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 418.00 139.60 -889.50 381.30 417.20

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.


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.

The Scotts Miracle Gro Co's Days Sales Outstanding for the quarter that ended in Jun. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=752.1/1078*91
=63.66

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

The Scotts Miracle Gro Co's liquidation value for the quarter that ended in Jun. 2017 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=119.1-2617.1+0.75 * 752.1+0.5 * 466.6
=-1,701

* 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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