Canadian Tire (TSX:CTC.A) Change In Receivables : C$-271 Mil (TTM As of Dec. 2023)

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What is Canadian Tire Change In Receivables?

Canadian Tire's change in receivables for the quarter that ended in Dec. 2023 was C$0 Mil. It means Canadian Tire's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Canadian Tire's change in receivables for the fiscal year that ended in Dec. 2023 was C$-289 Mil. It means Canadian Tire's Accounts Receivable increased by C$289 Mil from Dec. 2022 to Dec. 2023 .

Canadian Tire's Accounts Receivable for the quarter that ended in Dec. 2023 was C$844 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. Canadian Tire's Days Sales Outstanding for the three months ended in Dec. 2023 was 17.33.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Canadian Tire's liquidation value for the three months ended in Dec. 2023 was C$-13,089 Mil.

Canadian Tire Change In Receivables Historical Data

The historical data trend for Canadian Tire'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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Canadian Tire Change In Receivables Chart

Canadian Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-565.30

-657.10

-289.30

Canadian Tire 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															-	-	-270.80	-	-

Canadian Tire 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 C$-271 Mil.

Canadian Tire (TSX:CTC.A) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	843.7	/	4443	*	91
=	17.33

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

Canadian Tire'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)
=	464.4	-	15533.5	+	0.75 * 843.7	+	0.5 * 2693.7
=	-13,089

Canadian Tire Change In Receivables Related Terms

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Canadian Tire (TSX:CTC.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (TSX:CTC.A) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CDNAF:USA YAAA:Germany CTC:Canada

Address

2180 Yonge Street, P.O. Box 770, Toronto, ON, CAN, M4P 2V8

Website

https://www.corp.canadiantire.ca

Canadian Tire sells home goods, sporting equipment, apparel, footwear, automotive parts and accessories, and vehicle fuel through a roughly 1,700-store network of company, dealer, and franchisee-operated locations across Canada. Aside from the namesake banner, stores operate primarily under the Mark's, SportChek, Party City, Atmosphere, and PartSource monikers. Additionally, the company owns Helly Hansen, a Norwegian sportswear and workwear brand, and also operates and holds majority ownership of a financing arm (Canadian Tire Financial Services; 20% owned by Scotiabank) and a REIT (CT REIT; Canadian Tire owns about 70%).

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