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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Greenhill's accounts receivables for the quarter that ended in Sep. 2023 was $20.7 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Greenhill's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 61.69.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Greenhill's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-21.27.
The historical data trend for Greenhill'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.
Greenhill Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 61.79 | 77.77 | 80.92 | 51.54 | 40.32 |
Greenhill Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Accounts Receivable | Get a 7-Day Free Trial | 50.26 | 40.32 | 35.94 | 49.65 | 20.75 |
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.
Greenhill's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 20.748 | / | 30.689 | * | 91 |
= | 61.69 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Greenhill's accounts receivable are only considered to be worth 75% of book value:
Greenhill's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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) | ||
= | (54.64 | + | 0.75 * 20.748 | + | 0.5 * 0 | - | 470.369 |
- | 0 | - | 0) | / | 18.8153 | ||
= | -21.27 |
* 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 Greenhill's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Lasky | officer: Chief Financial Officer | C/O GREENHILL & CO., INC., 1271 AVENUE OF THE AMERICAS, 21ST FLOOR, NEW YORK NY 10020 |
Rodriguez Harold J Jr | officer: Mg Dir-Fin, Regn. & Ops. | |
Scott L Bok | director, officer: Chief Executive Officer | |
Kevin Ferro | director | C/O KOS PHARMACEUTICALS, INC., 1001 BRICKELL BAY DRIVE, 25TH FLOOR, MIAMI FL 33131 |
David Wyles | officer: Managing Director | GREENHILL & CO. INC., 300 PARK AVENUE, NEW YORK NY 10022-7405 |
Kevin M Costantino | officer: President | GREENHILL & CO., 300 PARK AVENUE, NEW YORK NY 10022 |
Gitanjali Pinto Faleiro | officer: General Counsel | C/O GREENHILL & CO., INC., 300 PARK AVENUE, NEW YORK NY 10022 |
Meryl D Hartzband | director | C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901 |
Robert F Greenhill | director, officer: Chairman and CEO | |
Patricia Moran | officer: Chief Legal Officer | GREENHILL & CO., 300 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
Karen P Robards | director | 800 SCUDDERS MILL RD, PLAINSBORO NJ 08536 |
Gavin Dean Solotar | officer: General Counsel | GREENHILL & CO., 300 PARK AVENUE, NEW YORK NY 10022 |
Christopher Thomas Grubb | officer: Chief Financial Officer | 300 PARK AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
John C Danforth | director | CERNER CORP, 2800 ROCKCREEK PARKWAY, KANSAS CITY MO 64117-2551 |
Ulrika Ekman | officer: General Counsel | GREENHILL & CO., INC., 300 PARK AVENUE, NEW YORK NY 10022 |
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