Nobility Homes (Nobility Homes) Change In Receivables : $-2.17 Mil (TTM As of Jul. 2023)

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What is Nobility Homes Change In Receivables?

Nobility Homes's change in receivables for the quarter that ended in Jul. 2023 was $-1.84 Mil. It means Nobility Homes's Accounts Receivable increased by $1.84 Mil from Apr. 2023 to Jul. 2023 .

Nobility Homes's change in receivables for the fiscal year that ended in Oct. 2022 was $-0.63 Mil. It means Nobility Homes's Accounts Receivable increased by $0.63 Mil from Oct. 2021 to Oct. 2022 .

Nobility Homes's Accounts Receivable for the quarter that ended in Jul. 2023 was $2.60 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. Nobility Homes's Days Sales Outstanding for the three months ended in Jul. 2023 was 16.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nobility Homes's liquidation value for the three months ended in Jul. 2023 was $21.50 Mil.

Nobility Homes Change In Receivables Historical Data

The historical data trend for Nobility Homes'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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Nobility Homes Change In Receivables Chart

Nobility Homes Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Change In Receivables

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1.12

0.36

0.31

0.09

-0.63

Nobility Homes Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Change In Receivables	Get a 7-Day Free Trial															0.07	-0.54	-0.67	0.87	-1.84

Nobility Homes 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 Jul. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.17 Mil.

Nobility Homes (OTCPK:NOBH) 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.

Nobility Homes's Days Sales Outstanding for the quarter that ended in Jul. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.596	/	14.655	*	91
=	16.16

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

Nobility Homes's liquidation value for the quarter that ended in Jul. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	20.863	-	12.684	+	0.75 * 2.596	+	0.5 * 22.743
=	21.50

Nobility Homes Change In Receivables Related Terms

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Nobility Homes (Nobility Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Nobility Homes Inc (OTCPK:NOBH) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

3741 South west 7th Street, Ocala, FL, USA, 34474

Website

http://www.nobilityhomes.com

Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.

Executives

Terry Earl Trexler	director, 10 percent owner, officer: President and CEO	P O BOX 240, JACKSONVILLE FL 32201
Terry E. Trexler Revocable Trust	10 percent owner	3741 S.W. 7TH STREET, OCALA FL 34474
Thomas W Trexler	director, officer: Executive Vice President
Terry E. Trexler Irrevocable Trust	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Kay Charlton	10 percent owner	222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Lynn J Cramer	officer: Treasurer (Chief Acctg. Off.)
Jean Etheredge	officer: Secretary
Edward C Sims	officer: Vice President