Gildan Activewear (Gildan Activewear) Change In Receivables : $-162 Mil (TTM As of Dec. 2023)

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What is Gildan Activewear Change In Receivables?

Gildan Activewear's change in receivables for the quarter that ended in Dec. 2023 was $38 Mil. It means Gildan Activewear's Accounts Receivable declined by $38 Mil from Sep. 2023 to Dec. 2023 .

Gildan Activewear's change in receivables for the fiscal year that ended in Dec. 2023 was $-162 Mil. It means Gildan Activewear's Accounts Receivable increased by $162 Mil from Dec. 2022 to Dec. 2023 .

Gildan Activewear's Accounts Receivable for the quarter that ended in Dec. 2023 was $412 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. Gildan Activewear's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Gildan Activewear's liquidation value for the three months ended in Dec. 2023 was $-614 Mil.

Gildan Activewear Change In Receivables Historical Data

The historical data trend for Gildan Activewear'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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Gildan Activewear Change In Receivables Chart

Gildan Activewear Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-3.52

125.15

-135.10

77.94

-161.89

Gildan Activewear 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															185.10	-149.31	-125.32	74.34	38.40

Gildan Activewear 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 $-162 Mil.

Gildan Activewear (NYSE:GIL) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	412.498	/	782.709	*	91
=	48.09

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

Gildan Activewear'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)
=	89.642	-	1557.416	+	0.75 * 412.498	+	0.5 * 1089.441
=	-614

Gildan Activewear Change In Receivables Related Terms

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Gildan Activewear (Gildan Activewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gildan Activewear Inc (NYSE:GIL) » Definitions » Change In Receivables

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Traded in Other Exchanges

VGA:Germany GIL:Canada

Address

600 de Maisonneuve Boulevard West, 33rd Floor, Suite 330, Montreal, QC, CAN, H3A 3J2

Website

http://www.gildan.com

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the U.S.