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ITC Holdings (ITC Holdings) Change In Receivables : $-167 Mil (TTM As of Jun. 2016)


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What is ITC Holdings Change In Receivables?

ITC Holdings's change in receivables for the quarter that ended in Jun. 2016 was $-34 Mil. It means ITC Holdings's Accounts Receivable increased by $34 Mil from Mar. 2016 to Jun. 2016 .

ITC Holdings's change in receivables for the fiscal year that ended in Dec. 2015 was $-1 Mil. It means ITC Holdings's Accounts Receivable increased by $1 Mil from Dec. 2014 to Dec. 2015 .

ITC Holdings's Accounts Receivable for the quarter that ended in Jun. 2016 was $148 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. ITC Holdings's Days Sales Outstanding for the three months ended in Jun. 2016 was 45.28.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ITC Holdings's liquidation value for the three months ended in Jun. 2016 was $-6,143 Mil.


ITC Holdings Change In Receivables Historical Data

The historical data trend for ITC Holdings'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.

* Premium members only.

ITC Holdings Change In Receivables Chart

ITC Holdings Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.43 1.72 -16.31 -11.87 -0.50

ITC Holdings Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.93 -4.77 24.02 -152.10 -33.84

ITC Holdings 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 Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-167 Mil.

* 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.


ITC Holdings  (NYSE:ITC) 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.

ITC Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=147.882/298.044*91
=45.28

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

ITC Holdings's liquidation value for the quarter that ended in Jun. 2016 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=6.054-6273.969+0.75 * 147.882+0.5 * 27.852
=-6,143

* 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.


ITC Holdings Change In Receivables Related Terms

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ITC Holdings (ITC Holdings) Business Description

Traded in Other Exchanges
N/A
Address
ITC Holdings Corp was incorporated in 2002 in the State of Michigan for the purpose of acquiring ITC Transmission. The Company, along with its subsidiaries, is engaged in transmission of electricity in the United States. Through its operating subsidiaries, ITCTransmission, METC, ITC Midwest and ITC Great Plains, it operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The Company operates, maintains and invests in transmission infrastructure in order to enhance system integrity and reliability, reduces transmission constraints and allows new generating resources to interconnect to its transmission systems. Its Regulated Operating Subsidiaries are independent electric transmission utilities, with rates regulated by the FERC and established on a cost-of-service model. The Company's Regulated Operating Subsidiaries earns revenues through tariff rates charged for the use of their electric transmission systems by its customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. The Company's operations are subject to federal, state and local environmental laws and regulations, which impose limitations on the discharge of pollutants into the environment, establish standards for the management, treatment, storage, transportation and disposal of hazardous materials and of solid and hazardous wastes, and impose obligations to investigate and remediate contamination in certain circumstances.
Executives
Edward G Jepsen director C/O AMPHENOL CORPORATION, 358 HALL AVENUE, WALLINGFORD CT 06492
Rejji P Hayes officer: EVP & CFO ONE ENERGY PLAZA, JACKSON MI 49201
Thomas G Stephens director 777 JOSLYN ROAD, MC 483 720 540, PONTIAC MI 48340-2925
Dave R Lopez director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Lee C Stewart director PO BOX 816, SHARON CT 06069
Chris Franklin director 762 W.LANCASTER AVE, BRYN MAWR PA 19010
Cameron M Bready officer: EVP & Chief Financial Officer 3550 LENOX RD, ATLANTA GA 30326
Watts J C Jr director

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