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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Manhattan Associates's accounts receivables for the quarter that ended in Mar. 2024 was $205.7 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Manhattan Associates's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 73.74.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Manhattan Associates's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.19.
The historical data trend for Manhattan Associates's Accounts Receivable 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.
Manhattan Associates Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 100.94 | 109.20 | 124.42 | 166.77 | 181.17 |
Manhattan Associates Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 160.57 | 178.45 | 183.38 | 181.17 | 205.70 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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 receivables are being managed.
Manhattan Associates's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 205.701 | / | 254.552 | * | 91 |
= | 73.74 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Manhattan Associates's accounts receivable are only considered to be worth 75% of book value:
Manhattan Associates's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:
Net-Net Working Capital Per Share | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (207.524 | + | 0.75 * 205.701 | + | 0.5 * 0 | - | 435.155 |
- | 0 | - | 0) | / | 61.5695 | ||
= | -1.19 |
* 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.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Thank you for viewing the detailed overview of Manhattan Associates's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas E Noonan | director | C/O INTERNET SECURITY SYSTEM INC, 6303 BARFIELD RD, ATLANTA GA 30328 |
James Stewart Gantt | officer: Executive Vice President | 2300 WINDY RIDGE PARKWAY, TENTH FLOOR, ATLANTA GA 30339 |
Deepak Raghavan | director | 2300 WINDY RIDGE PARKWAY SUITE 700, ATLANTA GA 30339 |
Huntz John J Jr | director | 1201 W PEACHTREE STREET NW, STE 5000, ATLANTA GA 30309 |
Linda T. Hollembaek | director | 2300 WINDY RIDGE PARKWAY, TENTH FLOOR, ATLANTA GA 30339 |
Edmond Eger | director | 135 CHEROKEE WAY, PORTOLA VALLEY CA 94028 |
Bruce Richards | officer: Sr. V.P. & Chief Legal Officer | 190 NORTHLAND RIDGE TRAIL, ATLANTA GA 30342 |
Dennis B Story | officer: Sr. VP and CFO | |
Eddie Capel | officer: Executive VP-Global Operations | 2300 WINDY RIDGE PARKWAY, SUITE 1000, ATLANTA GA 30339 |
Kimberly A Kuryea | director | C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Robert G Howell | officer: Sr VP, Americas Sales | 2300 WINDY RIDGE PARKWAY, 10TH FLOOR, ATLANTA GA 30339 |
Charles E Moran | director | 2300 WINDY RIDGE PARKWAY, 10TH FLOOR, ATLANTA GA 30339 |
Brian J Cassidy | director | MEENTSESTREAST 81 NL 6987, GLESBEEK NETHERLANDS P7 0000 |
John H Heyman | director | 3925 BROOKSIDE PARKWAY, ALPHARETTA GA 30022 |
Linda C. Pinne | officer: Sr VP, Global Corp Controller | 2300 WINDY RIDGE PARKWAY, TENTH FLOOR, ATLANTA GA 30339 |
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