Titan International (Titan International) Change In Receivables : $43 Mil (TTM As of Dec. 2023)

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What is Titan International Change In Receivables?

Titan International's change in receivables for the quarter that ended in Dec. 2023 was $25 Mil. It means Titan International's Accounts Receivable declined by $25 Mil from Sep. 2023 to Dec. 2023 .

Titan International's change in receivables for the fiscal year that ended in Dec. 2023 was $43 Mil. It means Titan International's Accounts Receivable declined by $43 Mil from Dec. 2022 to Dec. 2023 .

Titan International's Accounts Receivable for the quarter that ended in Dec. 2023 was $220 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. Titan International's Days Sales Outstanding for the three months ended in Dec. 2023 was 51.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Titan International's liquidation value for the three months ended in Dec. 2023 was $-254 Mil.

Titan International Change In Receivables Historical Data

The historical data trend for Titan International'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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Titan International Change In Receivables Chart

Titan International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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56.83

-15.24

-74.74

-27.20

42.87

Titan International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															16.30	-58.54	42.22	33.83	25.37

Titan International 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $43 Mil.

Titan International (NYSE:TWI) 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.

Titan International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	220.358	/	390.199	*	91
=	51.53

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

Titan International's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	220.251	-	821.83	+	0.75 * 220.358	+	0.5 * 365.156
=	-254

Titan International Change In Receivables Related Terms

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Titan International (Titan International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Titan International Inc (NYSE:TWI) » Definitions » Change In Receivables

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Traded in Other Exchanges

TZ4:Germany

Address

1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185

Website

https://www.titan-intl.com

Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

Executives

Max A Guinn	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Michael G Troyanovich	officer: Secretary&Asst General Counsel	2701 SPRUCE STREET, QUINCY IL 62301
Anthony Eheli	officer: VP, Chief Accounting Officer	2701 SPRUCE STREET, QUINCY IL 62301
Taylor Maurice M Jr	director, officer: President & CEO	2701 SPRUCE STREET, QUINCY IL 62301
Paul G Reitz	officer: Chief Financial Officer	1301 FIRST AVENUE, COLUMBUS GA 31901
Laura K Thompson	director	200 INNOVATION WAY, AKRON OH 44316
Gary L Cowger	director	5725 DELPHI DRIVE, TROY MI 48098
Mhr Institutional Advisors Iii Llc	10 percent owner	40 WEST 57 STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Institutional Partners Iii Lp	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Holdings Llc	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Fund Management Llc	10 percent owner	1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105
David A Martin	officer: Chief Financial Officer	C/O TITAN INTERNATIONAL, INC., 2701 SPRUCE STREET, QUINCY IL 62301
Amy S Evans	officer: Interim CFO	2701 SPRUCE STREET, QUINCY IL 62301
James M Froisland	officer: Interim CFO	385 PERSIMMON DRIVE, ST. CHARLES IL 60174
Anthony L Soave	director	C/O TITAN INTERNATIONAL CORP, 2701 SPRUCE STREET, QUINCY IL 62301