Granite Construction (FRA:GRG) Change In Receivables : €17 Mil (TTM As of Mar. 2024)

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What is Granite Construction Change In Receivables?

Granite Construction's change in receivables for the quarter that ended in Mar. 2024 was €99 Mil. It means Granite Construction's Accounts Receivable declined by €99 Mil from Dec. 2023 to Mar. 2024 .

Granite Construction's change in receivables for the fiscal year that ended in Dec. 2023 was €-72 Mil. It means Granite Construction's Accounts Receivable increased by €72 Mil from Dec. 2022 to Dec. 2023 .

Granite Construction's Accounts Receivable for the quarter that ended in Mar. 2024 was €395 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. Granite Construction's Days Sales Outstanding for the three months ended in Mar. 2024 was 58.34.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Granite Construction's liquidation value for the three months ended in Mar. 2024 was €-647 Mil.

Granite Construction Change In Receivables Historical Data

The historical data trend for Granite Construction'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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Granite Construction Change In Receivables Chart

Granite Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-89.13

107.28

0.65

-50.78

-71.90

Granite Construction Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															7.00	-208.07	-56.23	182.98	98.52

Granite Construction 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €17 Mil.

Granite Construction (FRA:GRG) 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.

Granite Construction's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	395.444	/	618.493	*	91
=	58.34

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

Granite Construction's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	465.738	-	1463.196	+	0.75 * 395.444	+	0.5 * 107.6
=	-647

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Granite Construction (FRA:GRG) Business Description

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GVA:USA

Address

585 West Beach Street, Watsonville, CA, USA, 95076

Website

https://www.graniteconstruction.com

Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.

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