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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Con-way's accounts receivables for the quarter that ended in Jun. 2015 was $673 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Con-way's Days Sales Outstanding for the quarter that ended in Jun. 2015 was 43.03.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Con-way's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was $-20.78.
The historical data trend for Con-way'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.
Con-way Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 618.91 | 621.37 | 567.10 | 575.01 | 649.09 |
Con-way Quarterly Data | ||||||||||||||||||||
Sep10 | Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | |
Accounts Receivable | Get a 7-Day Free Trial | 688.35 | 694.53 | 649.09 | 690.52 | 673.08 |
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.
Con-way's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 673.082 | / | 1427.314 | * | 91 |
= | 43.03 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Con-way's accounts receivable are only considered to be worth 75% of book value:
Con-way's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 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) | ||
= | (443.365 | + | 0.75 * 673.082 | + | 0.5 * 22.938 | - | 2148.827 |
- | 0 | - | 0) | / | 57.232 | ||
= | -20.78 |
* 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 Con-way's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
John C Pope | director | 810 S. RIDGE RD, LAKE FOREST IL 60045 |
Gretchen W Mcclain | director | XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604 |
Phipps Paul Cody | director | 2211 OLD EARHART ROAD, SUITE 100, ANN ARBOR MI 48105 |
Stephen K Krull | officer: EVP General Counsel&Secretary | CON-WAY INC., 2211 OLD EARHART ROAD, SUITE 100, ANN ARBOR MI 48105 |
Wayne Shurts | director | SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077 |
Roy W Templin | director | ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE, LANCASTER PA 17603 |
Michael Joseph Morris | officer: SVP Finance & Treasurer | 2211 OLD EARHART ROAD, SUITE 100, ANN ARBOR MI 19034 |
Matthew J Espe | director | |
Stephen L Bruffett | officer: EVP & CFO | 3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313 |
Douglas Stotlar | officer: President & CEO | C/O RELIANCE STEEL & ALUMINUM CO., 16100 N. 71ST STREET, SUITE 400, SCOTTSDALE AZ 85254 |
Herbert J Schmidt | officer: Executive Vice President | 1950 LAKE RIDGE DRIVE, THE VILLAGES FL 32162 |
William R Corbin | director | CON-WAY INC., 2211 OLD EARHART ROAD, ANN ARBOR MI 48105 |
Jennifer Pileggi | officer: EVP, General Counsel & Sec | CNF INC., 2855 CAMPUS DRIVE, SAN MATEO CA 94403 |
Robert Paul Wayman | director | C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304 |
John H Williford | officer: Senior VP | STEUART TOWER, 1 MARKET PLAZA, SUITE 900, SAN FRANCISCO CA 94105 |
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