Howden Joinery Group (STU:10J) Accounts Receivable : €185 Mil (As of Dec. 2023)

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What is Howden Joinery Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Howden Joinery Group's accounts receivables for the quarter that ended in Dec. 2023 was €185 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Howden Joinery Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 21.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Howden Joinery Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-1.04.

Howden Joinery Group Accounts Receivable Historical Data

The historical data trend for Howden Joinery Group'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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Howden Joinery Group Accounts Receivable Chart

Howden Joinery Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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174.93

146.28

195.95

199.49

185.14

Howden Joinery Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															195.95	260.73	199.49	278.65	185.14

Howden Joinery Group Accounts Receivable Calculation

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

Howden Joinery Group 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.

Howden Joinery Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	185.141	/	1606.491	*	91
=	21.03

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

Howden Joinery Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(328.263	+	0.75 * 185.141	+	0.5 * 444.339	-	1260.701
-	0	-	0)	/	548.673
=	-1.04

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.

Howden Joinery Group Accounts Receivable Related Terms

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Howden Joinery Group (STU:10J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Howden Joinery Group PLC (STU:10J) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HWDJY:USA HWDJF:USA HWDNl:UK HWDN:UK

Address

40 Portman Square, London, GBR, W1H 6LT

Website

https://www.howdenjoinerygroupplc.com

Howden Joinery Group PLC is a U.K.-based company that manufactures, sources, and sells kitchen and joinery products. The Group's operations are mainly located in the United Kingdom with a small presence in France, Belgium, and the Republic of Ireland. It generates the majority of its revenue from the U.K. The firm caters to small, local homebuilders. The company's products are divided among its kitchen collection, which includes kitchen accessories and cabinets; the appliance collection, which includes ovens, refrigeration, dishwashers, and laundry; the doors and joinery collection, which includes internal, external, and sliding doors and frames; the hardware collection, which includes door handles and accessories; the flooring collection; and the bathroom cabinet collection.

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