McRae Industries (McRae Industries) Change In Receivables : $6.2 Mil (TTM As of Jul. 2023)

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What is McRae Industries Change In Receivables?

McRae Industries's change in receivables for the quarter that ended in Jul. 2023 was $6.2 Mil. It means McRae Industries's Accounts Receivable declined by $6.2 Mil from Jul. 2022 to Jul. 2023 .

McRae Industries's change in receivables for the fiscal year that ended in Jul. 2023 was $6.2 Mil. It means McRae Industries's Accounts Receivable declined by $6.2 Mil from Jul. 2022 to Jul. 2023 .

McRae Industries's Accounts Receivable for the quarter that ended in Jul. 2023 was $19.9 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. McRae Industries's Days Sales Outstanding for the six months ended in Jul. 2023 was 29.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. McRae Industries's liquidation value for the six months ended in Jul. 2023 was $57.2 Mil.

McRae Industries Change In Receivables Historical Data

The historical data trend for McRae Industries'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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McRae Industries Change In Receivables Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Change In Receivables

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-3.56

1.50

-8.36

-9.71

6.21

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Change In Receivables	Get a 7-Day Free Trial															-3.56	1.50	-8.36	-9.71	6.21

McRae Industries 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Jul. 2023 was $6.2 Mil.

McRae Industries (OTCPK:MCRAA) 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.

McRae Industries's Days Sales Outstanding for the quarter that ended in Jul. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19.88	/	124.702	*	91
=	29.09

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

McRae Industries's liquidation value for the quarter that ended in Jul. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	39.835	-	8.552	+	0.75 * 19.88	+	0.5 * 21.914
=	57.2

McRae Industries Change In Receivables Related Terms

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McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.