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McCormick's change in receivables for the quarter that ended in Feb. 2024 was $17 Mil. It means McCormick's Accounts Receivable declined by $17 Mil from Nov. 2023 to Feb. 2024 .
McCormick's change in receivables for the fiscal year that ended in Nov. 2023 was $3 Mil. It means McCormick's Accounts Receivable declined by $3 Mil from Nov. 2022 to Nov. 2023 .
McCormick's Accounts Receivable for the quarter that ended in Feb. 2024 was $568 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. McCormick's Days Sales Outstanding for the three months ended in Feb. 2024 was 32.31.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. McCormick's liquidation value for the three months ended in Feb. 2024 was $-6,464 Mil.
The historical data trend for McCormick'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.
McCormick Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Change In Receivables | Get a 7-Day Free Trial | 12.20 | 4.80 | -22.60 | -45.80 | 3.40 |
McCormick Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Change In Receivables | Get a 7-Day Free Trial | 9.70 | 16.80 | -49.40 | 26.30 | 16.50 |
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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $10 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.
McCormick (NYSE:MKC) 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.
McCormick's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 567.5 | / | 1602.7 | * | 91 |
= | 32.31 |
2. In Ben Graham's calculation of liquidation value, McCormick's accounts receivable are only considered to be worth 75% of book value:
McCormick's liquidation value for the quarter that ended in Feb. 2024 is calculated as:
Liquidation Value | |||||||
= | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
= | 178 | - | 7632.7 | + | 0.75 * 567.5 | + | 0.5 * 1129.6 |
= | -6,464 |
* 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.
Thank you for viewing the detailed overview of McCormick's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffery D Schwartz | officer: Vice President, Gen Counsel | 18 LOVETON CIRCLE, SPARKS MD 21152 |
Michael D Mangan | director | 2041 ISLA VISTA LANE, NAPLES FL 34105 |
Jacques Tapiero | director | MCCORMICK & COMPANY, INC., SPARKS MD 21152 |
Andrew Foust | officer: President, Americas | 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031 |
Ana Sanchez | officer: President EMEA | 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031 |
Katherine Jenkins | officer: C.S.O. & SVP Investor Relation | 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031 |
Lawrence Erik Kurzius | director, officer: Chairman, President & CEO | 18 LOVETON CIRCLE, SPARKS MD 21152 |
Sarah Piper | officer: Chief Human Relations Officer | 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031 |
Brendan M Foley | officer: President Global Consumer | 18 LOVETON CIRCLE, SPARKS MD 21152 |
Preston Margaret M V | director | MERCANTILE-SAFE DEPOSIT & TRUST CO, 2 HOPKINS PLZ, BALTIMORE MD 21201 |
Michael R Smith | officer: Executive VP & CFO | 18 LOVETON CIRCLE, SPARKS MD 21152 |
Patricia A Little | director | 999 W BIG BEAVER ROAD, TROY MI 48084 |
Malcolm Swift | officer: President Global Industrial & | 18 LOVETON CIRCLE, SPARKS MD 21152 |
Lisa Manzone | officer: Sr. VP Global Human Relations | 18 LOVETON CIRCLE, SPARKS MD 21152 |
Maritza Gomez Montiel | director | C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014 |
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