SRSCQ (Sears Canada) Change In Receivables : $-4 Mil (TTM As of Apr. 2017)

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What is Sears Canada Change In Receivables?

Sears Canada's change in receivables for the quarter that ended in Apr. 2017 was $4 Mil. It means Sears Canada's Accounts Receivable declined by $4 Mil from Jan. 2017 to Apr. 2017 .

Sears Canada's change in receivables for the fiscal year that ended in Jan. 2017 was $-6 Mil. It means Sears Canada's Accounts Receivable increased by $6 Mil from Jan. 2016 to Jan. 2017 .

Sears Canada's Accounts Receivable for the quarter that ended in Apr. 2017 was $46 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. Sears Canada's Days Sales Outstanding for the three months ended in Apr. 2017 was 11.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sears Canada's liquidation value for the three months ended in Apr. 2017 was $-445 Mil.

Sears Canada Change In Receivables Historical Data

The historical data trend for Sears Canada'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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Sears Canada Change In Receivables Chart

Sears Canada Annual Data

Trend

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Change In Receivables

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36.69

-6.03

8.25

8.80

-5.84

Sears Canada Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Change In Receivables	Get a 7-Day Free Trial															2.89	6.51	-9.21	-5.84	4.17

Sears Canada 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 Apr. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4 Mil.

Sears Canada (OTCPK:SRSCQ) 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.

Sears Canada's Days Sales Outstanding for the quarter that ended in Apr. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	45.769	/	376.2	*	91
=	11.10

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

Sears Canada's liquidation value for the quarter that ended in Apr. 2017 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	100.022	-	824.44	+	0.75 * 45.769	+	0.5 * 489.916
=	-445

Sears Canada Change In Receivables Related Terms

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Sears Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sears Canada Inc (OTCPK:SRSCQ) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

290 Yonge Street, Suite 700, Toronto, ON, CAN, M5B 2C3

Website

http://www.sears.ca

Sears Canada Inc is in the sale of goods and services through the Company's Retail channels. It comprised of one reportable segment, Merchandising. Which includes its full-line department, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. stores, and its Direct (catalog/internet) channel. It also includes service revenue related primarily to logistics services provided through the Company. Commission revenue includes travel, home improvement services, insurance, wireless and long-distance plans. Licensee fee revenue is comprised of payments received from licensees that operate within the Company stores.

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