Navistar International (Navistar International) Accounts Receivable : $1,643 Mil (As of Apr. 2021)

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What is Navistar International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Navistar International's accounts receivables for the quarter that ended in Apr. 2021 was $1,643 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Navistar International's Days Sales Outstanding for the quarter that ended in Apr. 2021 was 69.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Navistar International's Net-Net Working Capital per share for the quarter that ended in Apr. 2021 was $-77.71.

Navistar International Accounts Receivable Historical Data

The historical data trend for Navistar International'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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Navistar International Accounts Receivable Chart

Navistar International Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Accounts Receivable

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1,733.00

1,956.00

2,354.00

2,261.00

1,644.00

Navistar International Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Accounts Receivable	Get a 7-Day Free Trial															1,641.00	1,669.00	1,644.00	1,508.00	1,643.00

Navistar International Accounts Receivable Calculation

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

Navistar International 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.

Navistar International's Days Sales Outstanding for the quarter that ended in Apr. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1643	/	2162	*	91
=	69.34

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

Navistar International's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2021 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)
=	(1233	+	0.75 * 1643	+	0.5 * 1017	-	10724
-	2	-	3)	/	99.8
=	-77.71

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.

Navistar International Accounts Receivable Related Terms

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Navistar International (Navistar International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Navistar International Corp (NYSE:NAV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2701 Navistar Drive, Lisle, IL, USA, 60532

Website

https://www.navistar.com

Navistar International Corp is a manufacturer of medium & heavy-duty trucks, school buses, military vehicles, and diesel engines. Its operating segments are Truck, which accounts for the majority revenue; Parts; Global Operations; and Financial Services. The company manufactures Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, and student and commercial transportation markets under the International and IC brands. Its geographical segments include the United States, Brazil, Mexico, Canada, and others, of which the majority of its revenue comes from the United States.

Executives

Dennis Suskind	director	ONE NORTH END AVENUE, WORLD FINANCIAL CENTER, NEW YORK NY 10282
Rachesky Mark H Md	director, 10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Raymond T. Miller	director	1345 AVENUE OF THE AMERICAS, 42ND FLOOR C/O MHR FUND MANAGEMENT NEW YORK NY 10105
Persio V Lisboa	officer: EVP & Chief Operating Officer	C/O NAVISTAR INTERNATIONAL CORPORATION, 2701 NAVISTAR DRIVE, LISLE IL 60532
Jose Maria Alapont	director	5725 DELPHI DRIVE, TROY MI 48098
Andreas Renschler	director	C/O NAVISTAR INTERNATIONAL CORPORATION 2701 NAVISTAR DRIVE LISLE IL 60532
Vincent J Intrieri	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
William V Mcmenamin	officer: President Fin Serv & Treasurer	C/O NAVISTAR INTERNATIONAL CORPORATION 2701 NAVISTAR DRIVE LISLE IL 60532
Curt A Kramer	officer: SVP & General Counsel	4201 WINFIELD ROAD WARRENVILLE IL 60555
Troy A Clarke	director, officer: Chairman, President & CEO	C/O FUEL SYSTEMS SOLUTIONS, INC., 780 THIRD AVE. 25TH FLOOR, NEW YORK NY 10017
Walter G Borst	officer: EVP & Chief Financial Officer	2701 NAVISTAR DRIVE, LISLE IL 60532
Samara A Strycker	officer: SVP & Corporate Controller	2701 NAVISTAR DRIVE, LISLE IL 60532
Richard E Bond	officer: Corporate Secretary	NAVISTAR INTERNATIONAL CORPORATION 2701 NAVISTAR DRIVE LISLE IL 60532
Christian Schulz	director	C/O NAVISTAR INTERNATIONAL CORPORATION 2701 NAVISTAR DRIVE LISLE IL 60532
Daniel A Ninivaggi	director	C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153