Accounts Receivable are created when a customer has received a product but has not yet paid for that product. E*TRADE Financial's accounts receivables for the quarter that ended in Jun. 2020 was $1,128 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
E*TRADE Financial's Days Sales Outstanding for the quarter that ended in Jun. 2020 was 143.76.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. E*TRADE Financial's Net-Net Working Capital per share for the quarter that ended in Jun. 2020 was $-194.33.
E*TRADE Financial Accounts Receivable Historical Data
The historical data trend for E*TRADE Financial'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
E*TRADE Financial Accounts Receivable 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 receivables are being managed.
E*TRADE Financial's Days Sales Outstanding for the quarter that ended in Jun. 2020 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), E*TRADE Financial's accounts receivable are only considered to be worth 75% of book value:
E*TRADE Financial's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2020 is calculated as:
* 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.
E*TRADE Financial Accounts Receivable Related Terms
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E*TRADE Financial (E*TRADE Financial) Business Description
E-Trade is one of the largest direct-to-investor platforms in the United States and housed over $500 billion of invested assets and client cash at the end of 2019. The company generates interest income on noninvested cash on its platform, trading commissions, service charges including payment for order flow, and fees from stock plan administration. Almost all the company's revenue is generated within the U.S.
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