Topgolf Callaway Brands (FRA:CLY) Change In Receivables : €-43 Mil (TTM As of Dec. 2023)

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What is Topgolf Callaway Brands Change In Receivables?

Topgolf Callaway Brands's change in receivables for the quarter that ended in Dec. 2023 was €101 Mil. It means Topgolf Callaway Brands's Accounts Receivable declined by €101 Mil from Sep. 2023 to Dec. 2023 .

Topgolf Callaway Brands's change in receivables for the fiscal year that ended in Dec. 2023 was €-40 Mil. It means Topgolf Callaway Brands's Accounts Receivable increased by €40 Mil from Dec. 2022 to Dec. 2023 .

Topgolf Callaway Brands's Accounts Receivable for the quarter that ended in Dec. 2023 was €184 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. Topgolf Callaway Brands's Days Sales Outstanding for the three months ended in Dec. 2023 was 20.39.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Topgolf Callaway Brands's liquidation value for the three months ended in Dec. 2023 was €-3,944 Mil.

Topgolf Callaway Brands Change In Receivables Historical Data

The historical data trend for Topgolf Callaway Brands'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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Topgolf Callaway Brands Change In Receivables Chart

Topgolf Callaway Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-40.03

8.22

13.54

-92.32

-40.07

Topgolf Callaway Brands 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															104.69	-270.39	46.70	79.65	101.05

Topgolf Callaway Brands 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 €-43 Mil.

Topgolf Callaway Brands (FRA:CLY) 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.

Topgolf Callaway Brands's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	183.858	/	822.641	*	91
=	20.39

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

Topgolf Callaway Brands'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)
=	360.839	-	4807.281	+	0.75 * 183.858	+	0.5 * 728.465
=	-3,944

Topgolf Callaway Brands Change In Receivables Related Terms

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Topgolf Callaway Brands (FRA:CLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Topgolf Callaway Brands Corp (FRA:CLY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MODG:USA CLY:Germany

Address

2180 Rutherford Road, Carlsbad, CA, USA, 92008

Website

https://www.callawaygolf.com

Topgolf Callaway Brands Corp is a modern golf and active lifestyle company that provides world-class golf entertainment experiences, designs and manufactures premium golf equipment, and sells golf and active lifestyle apparel and other accessories. It operates in the below segments: Topgolf; Golf Equipment and Active Lifestyle. Some of its brands are Odyssey, OGIO, TravisMathew, and Jack Wolfskin. Its geographical segments are the United States, Europe, Japan, and the Rest of the World. Majority of the revenue is earned from United States.

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