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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Luxfer Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $52.5 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Luxfer Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 53.59.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Luxfer Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.17.
The historical data trend for Luxfer Holdings'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.
Luxfer Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 40.80 | 33.60 | 45.80 | 56.40 | 52.30 |
Luxfer Holdings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 62.00 | 62.60 | 57.60 | 52.30 | 52.50 |
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.
Luxfer Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 52.5 | / | 89.4 | * | 91 |
= | 53.59 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Luxfer Holdings's accounts receivable are only considered to be worth 75% of book value:
Luxfer Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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) | ||
= | (6.8 | + | 0.75 * 52.5 | + | 0.5 * 88.9 | - | 175.7 |
- | 0 | - | 0) | / | 26.8421 | ||
= | -3.17 |
* 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 Luxfer Holdings's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen Webster | officer: Group Financial Controller | LUXFER HOLDINGS PLC, LUMNS LANE, MANCHESTER X0 M27 8LN |
Andrew Butcher | officer: See Remarks | LUXFER HOLDINGS PLC, LUMNS LANE, MANCHESTER X0 M27 8LN |
Patrick K Mullen | director | LUXFER HOLDINGS PLC, LUMNS LANE, MANCHESTER X0 M27 8LN |
Howard Ioan Mead | officer: See Remarks | LUXFER HOLDINGS PLC, LUMNS LANE, MANCHESTER X0 M27 8LN |
Mark James Lawday | officer: See Remarks | LUXFER HOLDINGS PLC, LUMNS LANE, MANCHESTER X0 M27 8LN |
Richard J Hipple | director | 10035 HUNTING DRIVE, BRECKSVILLE OH 44141 |
Sylvia Ann Stein | director | 1500 DEKOVEN AVE., RACINE WI 53403 |
Jeffrey C. Moorefield | officer: See Remarks | C/O LUXFER HOLDINGS PLC, LUMNS LANE, MANCHESTER X0 M27 8LN |
Lisa G Trimberger | director | C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046 |
Mark Chivers | officer: See Remarks | LUXFER HOLDINGS PLC, LUMNS LANE, MANCHESTER X0 M27 8LN |
David Landless | director | 8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112 |
Graham Wardlow | officer: See Remarks | LUXFER HOLDINGS PLC, LUMNS LANE, MANCHESTER X0 M27 8LN |
James Gardella | officer: President, Luxfer Magtech | LUXFER HOLDINGS PLC, LUMNS LANE, MANCHESTER X0 M27 8LN |
Megan Elizabeth Glise | officer: Associate General Counsel | LUMNS LANE, MANCHESTER X0 M27 8LN |
Alok Maskara | director, officer: Chief Executive Officer | 2140 LAKE PARK BLVD, RICHARDSON TX 75080 |
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