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GFF (Griffon) Change In Receivables : $25 Mil (TTM As of Dec. 2024)


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What is Griffon Change In Receivables?

Griffon's change in receivables for the quarter that ended in Dec. 2024 was $35 Mil. It means Griffon's Accounts Receivable declined by $35 Mil from Sep. 2024 to Dec. 2024 .

Griffon's change in receivables for the fiscal year that ended in Sep. 2024 was $4 Mil. It means Griffon's Accounts Receivable declined by $4 Mil from Sep. 2023 to Sep. 2024 .

Griffon's Accounts Receivable for the quarter that ended in Dec. 2024 was $269 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. Griffon's Days Sales Outstanding for the three months ended in Dec. 2024 was 38.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Griffon's liquidation value for the three months ended in Dec. 2024 was $-1,535 Mil.


Griffon Change In Receivables Historical Data

The historical data trend for Griffon'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.

* Premium members only.

Griffon Change In Receivables Chart

Griffon Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -72.46 -7.00 -20.66 51.12 4.24

Griffon Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Change In Receivables 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 14.49 -47.99 27.45 10.29 35.45

Griffon 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $25 Mil.

* 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.


Griffon  (NYSE:GFF) 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.

Griffon's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=268.951/632.371*91
=38.81

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

Griffon's liquidation value for the quarter that ended in Dec. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=151.952-2097.376+0.75 * 268.951+0.5 * 418.164
=-1,535

* 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.


Griffon Change In Receivables Related Terms

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Griffon Business Description

Traded in Other Exchanges
Address
712 Fifth Avenue, 18th Floor, New York, NY, USA, 10019
Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Consumer and Professional Products: is a provider of branded consumer and professional tools; residential, industrial and commercial fans; home storage and organization products; and Home and Building Products conducts its operations through Clopay Corporation (Clopay). Clopay is the manufacturer and marketer of garage doors and rolling steel doors in North America. The company generates a majority of its revenue from the Home and Building Products segment. Operates in USA, Europe, Canada, Australia, and Others.
Executives
Samanta H Stewart director 712 FIFTH AVENUE, C/O GRIFFON CORPORATION, NEW YORK NY 100194108
Cheryl L Turnbull director POST OFFICE BOX 2200, KNOXVILLE TN 37933-2000
James W Sight director 712 FIFTH AVENUE, C/O GRIFFON CORPORATION, NEW YORK NY 100194108
W. Christopher Durborow officer: VP, Controller and CAO C/O GRIFFON CORPORATION, 712 FIFTH AVENUE, NEW YORK NY 10019
Seth L. Kaplan officer: Sr VP, Gen. Counsel and Secy 712 FIFTH AVENUE, 18TH FLOOR, NEW YORK NY 10019
Brian G Harris officer: SVP, Chief Financial Officer 100 JERICHO QUADRANGLE, SUITE 224, JERICHO NY 11753
Victor Eugene Renuart director C/O GRIFFON CORPORATION, 712 FIFTH AVENUE, NEW YORK NY 10019
Kevin F Sullivan director C/O GRIFFON CORPORATION, 712 FIFTH AVENUE, NEW YORK NY 10019
Louis J. Grabowsky director 6605 ABERDEEN, DALLAS TX 75230
Jerome L Coben director 5482 WILSHIRE BLVD., #1579, LOS ANGELES CA 90036
Robert F Mehmel officer: President and COO GRIFFON CORPORATION, 712 FIFTH AVENUE, NEW YORK NY 10019
Ronald J Kramer director, officer: CEO 712 FIFTH AVENUE, NEW YORK NY 10019
Henry A Alpert director
Voss Value Master Fund, L.p. director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value-oriented Special Situations Fund, Lp director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046