Axalta Coating Systems (Axalta Coating Systems) Change In Receivables : $-119 Mil (TTM As of Dec. 2023)

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What is Axalta Coating Systems Change In Receivables?

Axalta Coating Systems's change in receivables for the quarter that ended in Dec. 2023 was $94 Mil. It means Axalta Coating Systems's Accounts Receivable declined by $94 Mil from Sep. 2023 to Dec. 2023 .

Axalta Coating Systems's change in receivables for the fiscal year that ended in Dec. 2023 was $-119 Mil. It means Axalta Coating Systems's Accounts Receivable increased by $119 Mil from Dec. 2022 to Dec. 2023 .

Axalta Coating Systems's Accounts Receivable for the quarter that ended in Dec. 2023 was $1,043 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. Axalta Coating Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 73.37.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Axalta Coating Systems's liquidation value for the three months ended in Dec. 2023 was $-3,647 Mil.

Axalta Coating Systems Change In Receivables Historical Data

The historical data trend for Axalta Coating Systems'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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Axalta Coating Systems Change In Receivables Chart

Axalta Coating Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-10.10

-26.00

-80.50

-171.00

-119.00

Axalta Coating Systems 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															71.40	-92.30	-101.90	-18.70	93.90

Axalta Coating Systems 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 $-119 Mil.

Axalta Coating Systems (NYSE:AXTA) 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.

Axalta Coating Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1043.1	/	1297.3	*	91
=	73.37

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

Axalta Coating Systems'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)
=	699.8	-	5499.3	+	0.75 * 1043.1	+	0.5 * 741.1
=	-3,647

Axalta Coating Systems Change In Receivables Related Terms

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Axalta Coating Systems (Axalta Coating Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Axalta Coating Systems Ltd (NYSE:AXTA) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

9AX:Germany 9AX:Germany

Address

50 Applied Bank Boulevard, Suite 300, Glen Mills, PA, USA, 19342

Website

https://www.axalta.com

Axalta Coating Systems Ltd is a manufacturer, marketer and distributor of high-performance coatings systems. It operates in two segments, The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. Its end markets include refinish and industrial. The Mobility Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The company operates in the geographic areas of North America, EMEA countries, Asia-Pacific and Latin America.

Executives

Hadi Awada	officer: SVP, Global Trans. Coatings	AXALTA COATING SYSTEMS, 2001 MARKET STREET 36TH FLOOR, PHILADELPHIA PA 19103
Brian A Berube	officer: SVP and General Counsel	C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Anthony Massey	officer: VP, Global Controller, PAO	AXALTA COATING SYSTEMS, 2001 MARKET STREET, 36TH FLOOR, PHILADELPHIA PA 19103
Robert M Mclaughlin	director	C/O AIRGAS, INC., 259 NORTH RADNOR-CHESTER RD, RADNOR PA 19087
Mary Slagle Zappone	director	10900 NE 8TH ST., STE. 800, BELLEVUE WA 98004
Amy Tufano	officer: SVP & CHRO	50 APPLIED BANK BLVD., SUITE 300, GLEN MILLS PA 19342
Deborah J. Kissire	director	210 E. EARLL DRIVE, PHOENIX AZ 85012
William M Cook	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Kevin M Stein	director	TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114
Anderson Carl Douglas Ii	officer: SVP and CFO	C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Jacqueline Scanlan	officer: SVP & CHRO	HAEMONETICS CORPORATION, 400 WOOD ROAD, BRAINTREE MA 02184
Chris Villavarayan	director, officer: CEO & President	C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084
Jan Bertsch	director	3850 HAMLIN ROAD, AUBURN HILLS MI 48326
Troy D. Weaver	officer: SVP, Global Refinish	AXALTA COATING SYSTEMS, 2001 MARKET STREET 36TH FLOOR, PHILADELPHIA PA 19103
Barry S Snyder	officer: SVP,Chief Ops & Sup Chain Offc	1200 WILLOW LAKE BOULEVARD, P.O. BOX 64683, ST. PAUL MN 55164-0683