Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Accounts Receivable : $27.4 Mil (As of Mar. 2022)

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What is Macquarie Infrastructure Holdings LLC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Macquarie Infrastructure Holdings LLC's accounts receivables for the quarter that ended in Mar. 2022 was $27.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Macquarie Infrastructure Holdings LLC's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 36.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Macquarie Infrastructure Holdings LLC's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was $-1.99.

Macquarie Infrastructure Holdings LLC Accounts Receivable Historical Data

The historical data trend for Macquarie Infrastructure Holdings LLC'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.

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Macquarie Infrastructure Holdings LLC Accounts Receivable Chart

Macquarie Infrastructure Holdings LLC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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146.62

95.00

66.00

23.11

27.82

Macquarie Infrastructure Holdings LLC Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Accounts Receivable	Get a 7-Day Free Trial															53.80	55.06	25.28	27.82	27.42

Macquarie Infrastructure Holdings LLC Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Macquarie Infrastructure Holdings LLC 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.

Macquarie Infrastructure Holdings LLC's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	27.422	/	68.681	*	91
=	36.43

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Macquarie Infrastructure Holdings LLC's accounts receivable are only considered to be worth 75% of book value:

Macquarie Infrastructure Holdings LLC's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=	(37.589	+	0.75 * 27.422	+	0.5 * 12.175	-	231.795
-	0	-	8.782)	/	88.8055
=	-1.99

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.

Macquarie Infrastructure Holdings LLC Accounts Receivable Related Terms

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Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Macquarie Infrastructure Holdings LLC (NYSE:MIC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 West 55th Street, New York, NY, USA, 10019

Website

https://www.micinc.com

Macquarie Infrastructure Holdings LLC is a diversified business company. The company's business comprises (i) Hawaii Gas, Hawaii's only government-franchised gas utility and an unregulated LPG distribution business providing gas and related services to industrial, commercial, residential, and governmental customers; (ii) controlling interests in two solar facilities on Oahu; and (iii) smaller projects collectively engaged in efforts to reduce the cost and improve the reliability and sustainability of energy in Hawaii. The company serves corporations, government agencies, and individual customers primarily in the United States.

Executives

Christopher Frost	director, officer: Chief Executive Officer	C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Nick O'neil	officer: Chief Financial Officer	C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Michael Kernan	officer: General Counsel and Secretary	125 W 55TH STREET NEW YORK NY 10019
Jay Davis	officer: Vice President	125 W. 55TH STREET LEVEL 15 NEW YORK NY 10019
Martin Stanley	director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Ronald Kirk	director	TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Ouma Sananikone	director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC, 125 WEST 55TH STREET, NEW YORK NY 10019
Henry E Lentz	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Amanda M Brock	director	840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Brown Norman H Jr	director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Mihi Llc	director, 10 percent owner	125 WEST 55TH STREET, NEW YORK NY 10019
Macquarie Infrastructure Management (usa) Inc	director, 10 percent owner	125 WEST 55TH STREET, 15TH FLOOR NEW YORK NY 10019
Macquarie Group Ltd	10 percent owner	50 MARTIN PLACE, SYDNEY, NSW 2000 C3 2000
Carmany George W Iii	other: Former Director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 600 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10020