Summit Materials (LTS:0LAI) Change In Receivables : $-55 Mil (TTM As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Summit Materials Change In Receivables?

Summit Materials's change in receivables for the quarter that ended in Mar. 2024 was $-13 Mil. It means Summit Materials's Accounts Receivable increased by $13 Mil from Dec. 2023 to Mar. 2024 .

Summit Materials's change in receivables for the fiscal year that ended in Dec. 2023 was $-30 Mil. It means Summit Materials's Accounts Receivable increased by $30 Mil from Dec. 2022 to Dec. 2023 .

Summit Materials's Accounts Receivable for the quarter that ended in Mar. 2024 was $452 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. Summit Materials's Days Sales Outstanding for the three months ended in Mar. 2024 was 51.20.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Summit Materials's liquidation value for the three months ended in Mar. 2024 was $-2,905 Mil.

Summit Materials Change In Receivables Historical Data

The historical data trend for Summit Materials'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.

Summit Materials Change In Receivables Chart

Summit Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

-31.49

10.00

-31.69

5.79

-29.97

Summit Materials 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															12.55	-142.43	-11.93	111.84	-12.93

Summit Materials 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 $-55 Mil.

Summit Materials (LTS:0LAI) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	451.698	/	805.015	*	91
=	51.20

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

Summit Materials'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)
=	498.11	-	3911.263	+	0.75 * 451.698	+	0.5 * 338.501
=	-2,905

Summit Materials Change In Receivables Related Terms

Thank you for viewing the detailed overview of Summit Materials's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Summit Materials (LTS:0LAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Summit Materials Inc (LTS:0LAI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

SUM:USA 7SU:Germany

Address

1801 California Street, Suite 3500, Denver, CO, USA, 80202

Website

https://www.summit-materials.com

Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.

Summit Materials (LTS:0LAI) Headlines

No Headlines