SMGKF (Smiths Group) Change In Receivables : $-104 Mil (TTM As of Jul. 2024)

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What is Smiths Group Change In Receivables?

Smiths Group's change in receivables for the quarter that ended in Jul. 2024 was $-99 Mil. It means Smiths Group's Accounts Receivable increased by $99 Mil from Jan. 2024 to Jul. 2024 .

Smiths Group's change in receivables for the fiscal year that ended in Jul. 2024 was $-104 Mil. It means Smiths Group's Accounts Receivable increased by $104 Mil from Jul. 2023 to Jul. 2024 .

Smiths Group's Accounts Receivable for the quarter that ended in Jul. 2024 was $700 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. Smiths Group's Days Sales Outstanding for the six months ended in Jul. 2024 was 61.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Smiths Group's liquidation value for the six months ended in Jul. 2024 was $-1,019 Mil.

Smiths Group Change In Receivables Historical Data

The historical data trend for Smiths Group'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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Smiths Group Change In Receivables Chart

Smiths Group Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Change In Receivables

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101.65

-13.81

-99.52

-81.19

-104.25

Smiths Group Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Change In Receivables	Get a 7-Day Free Trial															-119.90	25.70	-108.25	-5.08	-99.10

Smiths Group 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 Jul. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-104 Mil.

Smiths Group (OTCPK:SMGKF) 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.

Smiths Group's Days Sales Outstanding for the quarter that ended in Jul. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	700.129	/	2091.377	*	91
=	61.10

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

Smiths Group's liquidation value for the quarter that ended in Jul. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	590.734	-	2548.263	+	0.75 * 700.129	+	0.5 * 827.542
=	-1,019

Smiths Group Change In Receivables Related Terms

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Smiths Group Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGKF) » Definitions » Change In Receivables

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Traded in Other Exchanges

SMGZY:USA SMINl:UK SMIN:UK QS2A:Germany

Address

255 Blackfriars Road, Level 10, Arbor, Bankside Yards, London, GBR, SE1 9AX

Website

https://www.smiths.com

Smiths Group PLC manufacture niche products in security- or safety-sensitive industries. The company is organized into four major business segments: John Crane: mechanical seals, seal support systems, power transmission couplings and specialized filtration systems, Smiths Detection: sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards and contraband, Flex-Tek: engineered components, flexible hosing and rigid tubing that heat and move fluids and gases, Smiths Interconnect.