MGRC (McGrath RentCorp) Change In Receivables : $-8.6 Mil (TTM As of Sep. 2024)

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What is McGrath RentCorp Change In Receivables?

McGrath RentCorp's change in receivables for the quarter that ended in Sep. 2024 was $-7.7 Mil. It means McGrath RentCorp's Accounts Receivable increased by $7.7 Mil from Jun. 2024 to Sep. 2024 .

McGrath RentCorp's change in receivables for the fiscal year that ended in Dec. 2023 was $-37.8 Mil. It means McGrath RentCorp's Accounts Receivable increased by $37.8 Mil from Dec. 2022 to Dec. 2023 .

McGrath RentCorp's Accounts Receivable for the quarter that ended in Sep. 2024 was $224.5 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. McGrath RentCorp's Days Sales Outstanding for the three months ended in Sep. 2024 was 76.80.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. McGrath RentCorp's liquidation value for the three months ended in Sep. 2024 was $-1,008.0 Mil.

McGrath RentCorp Change In Receivables Historical Data

The historical data trend for McGrath RentCorp'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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McGrath RentCorp Change In Receivables Chart

McGrath RentCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-7.32

3.44

-24.40

-31.36

-37.78

McGrath RentCorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-26.62	-10.04	15.17	-6.05	-7.71

McGrath RentCorp 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.6 Mil.

McGrath RentCorp (NAS:MGRC) 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.

McGrath RentCorp's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	224.529	/	266.758	*	91
=	76.80

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

McGrath RentCorp's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4.056	-	1191.576	+	0.75 * 224.529	+	0.5 * 22.285
=	-1,008.0

McGrath RentCorp Change In Receivables Related Terms

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McGrath RentCorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McGrath RentCorp (NAS:MGRC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

5700 Las Positas Road, Livermore, CA, USA, 94551-7800

Website

https://www.mgrc.com

McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

Executives

Joseph F Hanna	director, officer: President & CEO
John P Skenesky	officer: VP and Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Kimberly Ann Box	director	7157 TREELINE CT., GRANITE BAY CA 95746
Philip B Hawkins	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Tara Wescott	officer: Vice President Human Resources	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Trease Kristina Van	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
David M Whitney	officer: VP, Controller, PAO	5700 LOS POSITAS ROAD, LIVERMORE CA 94551
William J Dawson	director	C/O CERUS CORPORATION, 2411 STANWELL DRIVE, CONCORD CA 94520
Keith E Pratt	officer: Executive VP and CFO
Elizabeth A Fetter	director	1400 MARINA WAY SOUTH, RICHMOND CA 94804
John Lieffrig	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Gilda Malek	officer: VP, Legal General Counsel	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Dennis P Stradford	director
Nicolas C Anderson	director	3100 ZINFANDEL DRIVE, STE. 450, RANCHO CORDOVA CA 95670
Stuart Templeton Porter	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551