ITT (STU:2II) Change In Receivables : €-77 Mil (TTM As of Mar. 2024)

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What is ITT Change In Receivables?

ITT's change in receivables for the quarter that ended in Mar. 2024 was €-75 Mil. It means ITT's Accounts Receivable increased by €75 Mil from Dec. 2023 to Mar. 2024 .

ITT's change in receivables for the fiscal year that ended in Dec. 2023 was €-36 Mil. It means ITT's Accounts Receivable increased by €36 Mil from Dec. 2022 to Dec. 2023 .

ITT's Accounts Receivable for the quarter that ended in Mar. 2024 was €665 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. ITT's Days Sales Outstanding for the three months ended in Mar. 2024 was 72.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ITT's liquidation value for the three months ended in Mar. 2024 was €-504 Mil.

ITT Change In Receivables Historical Data

The historical data trend for ITT'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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ITT Change In Receivables Chart

ITT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-34.11

67.65

-57.26

-92.61

-36.22

ITT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-34.28	-22.89	6.84	13.48	-74.70

ITT 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-77 Mil.

ITT (STU:2II) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	665.252	/	837.752	*	91
=	72.46

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

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	389.16	-	1672.1	+	0.75 * 665.252	+	0.5 * 560.648
=	-504

ITT Change In Receivables Related Terms

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ITT (STU:2II) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITT Inc (STU:2II) » Definitions » Change In Receivables

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ITT:USA

Address

100 Washington Boulevard, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.itt.com

ITT is a diversified industrial conglomerate with over $3 billion in sales. After the spinoffs of Xylem and Exelis in 2011, the company's products primarily include brake pads, shock absorbers, pumps, valves, connectors, and switches. Its customers include original-equipment and Tier 1 manufacturers as well as aftermarket customers. ITT uses a network of approximately 700 independent distributors, which accounts for about one third of overall revenue. Nearly three fourths of the company's sales are made in North America and Europe. ITT's primary end markets include automotive, rail, oil and gas, aerospace and defense, chemical, mining, and general industrial.

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