SRSCQ (Sears Canada) Accounts Receivable: $46 Mil (As of Apr. 2017)

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What is Sears Canada Accounts Receivable?

Sears Canada SRSCQ -99.00% Accounts Receivable is $46 Mil as of Apr. 2017.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sears Canada's accounts receivables for the quarter that ended in Apr. 2017 was $46 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sears Canada's Days Sales Outstanding for the quarter that ended in Apr. 2017 was 11.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sears Canada's Net-Net Working Capital per share for the quarter that ended in Apr. 2017 was $-4.37.

Sears Canada Accounts Receivable 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 receivables 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 Net-Net Working Capital (NNWC), Sears Canada's accounts receivable are only considered to be worth 75% of book value:

Sears Canada's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2017 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(100.022+0.75 * 45.769+0.5 * 489.916-824.44
-0-0)/101.878
=-4.37

* 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.

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Sears Canada Accounts Receivable Related Terms

Sears Canada Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Sears Canada's Accounts Receivable 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.

Sears Canada Accounts Receivable Chart

Sears Canada Annual Data
Trend Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.32 76.14 60.22 41.81 50.90

Sears Canada Quarterly Data
Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17
Accounts Receivable Get a 7-Day Free Trial 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 43.46 36.16 44.83 50.90 45.77

Sears Canada Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $46 Mil mean?
Sears Canada (SRSCQ) has a Accounts Receivable of $46 Mil as of Apr. 2017. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Sears Canada and its competitors.
Is Sears Canada's Accounts Receivable too high?
Sears Canada's current Accounts Receivable is $46 Mil.
How does Sears Canada's Accounts Receivable compare to competitors?
Sears Canada's Accounts Receivable of $46 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Retail - Cyclical company?
A good Accounts Receivable depends on the Retail - Cyclical industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Sears Canada and its competitors. Sears Canada's current Accounts Receivable is $46 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sears Canada stock overvalued right now?
Sears Canada (SRSCQ) has a current Accounts Receivable of $46 Mil. The current Accounts Receivable is $46 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Sears Canada (SRSCQ), the current Accounts Receivable is $46 Mil as of Apr. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sears Canada Business Description

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