Standard Motor Products (Standard Motor Products) Change In Receivables : $7 Mil (TTM As of Mar. 2024)

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What is Standard Motor Products Change In Receivables?

Standard Motor Products's change in receivables for the quarter that ended in Mar. 2024 was $-44 Mil. It means Standard Motor Products's Accounts Receivable increased by $44 Mil from Dec. 2023 to Mar. 2024 .

Standard Motor Products's change in receivables for the fiscal year that ended in Dec. 2023 was $8 Mil. It means Standard Motor Products's Accounts Receivable declined by $8 Mil from Dec. 2022 to Dec. 2023 .

Standard Motor Products's Accounts Receivable for the quarter that ended in Mar. 2024 was $204 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. Standard Motor Products's Days Sales Outstanding for the three months ended in Mar. 2024 was 56.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Standard Motor Products's liquidation value for the three months ended in Mar. 2024 was $-247 Mil.

Standard Motor Products Change In Receivables Historical Data

The historical data trend for Standard Motor Products'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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Standard Motor Products Change In Receivables Chart

Standard Motor Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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2.79

-71.93

28.46

6.92

7.97

Standard Motor Products 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															-42.62	-5.65	9.42	46.82	-43.98

Standard Motor Products 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 $7 Mil.

Standard Motor Products (NYSE:SMP) 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.

Standard Motor Products's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	203.94	/	331.403	*	91
=	56.15

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

Standard Motor Products'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)
=	27.113	-	696.44	+	0.75 * 203.94	+	0.5 * 538.709
=	-247

Standard Motor Products Change In Receivables Related Terms

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Standard Motor Products (Standard Motor Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Standard Motor Products Inc (NYSE:SMP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

SRU:Germany SRU:Germany

Address

37-18 Northern Boulevard, Long Island City, NY, USA, 11101

Website

https://www.smpcorp.com

Standard Motor Products Inc is a manufacturer and distributor of premium automotive parts used in the maintenance, service, and repair of vehicles in the automotive aftermarket industry. It operates into three business segments namely Engineered Solutions, Vehicle Control, and Temperature Control. The company focuses on the original equipment and original equipment services markets, with a product lineup of replacement parts for engine management ignition, emission, and fuel systems, as well as temperature-control products. The company operates majorly in the United States, with additional sales in Canada, Europe, Asia, Mexico, and other Latin American countries.

Executives

Nathan R. Iles	officer: Chief Financial Officer	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Eric Sills	director, officer: CEO & President	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Ray Nicholas	officer: CIO & VP IT	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Dale Burks	officer: Chief Commercial Officer & EVP	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Carmine Joseph Broccole	officer: CLO & Secretary	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
James J Burke	director, officer: Chief Operating Officer	37 18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Kristine M. Frost	officer: CHRO	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Alisa C. Norris	director	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Pamela Puryear	director	253 DOLPHIN COVE QUAY, STAMFORD CT 06902
Alejandro C. Capparelli	director	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Joseph W. Mcdonnell	director	C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Pamela Forbes Lieberman	director	3400 N.WOLF ROAD, FRANKLIN PARK IL 60131
Patrick Mcclymont	director	902 BROADWAY, 20TH FLOOR, IMAX CORPORATION, NEW YORK NY 10010-6002
Thomas Tesoro	officer: VP Human Resources	37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Peter J Sills	director