American Axle & Mfg Holdings (American Axle & Mfg Holdings) Accounts Receivable : $961 Mil (As of Mar. 2024)

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What is American Axle & Mfg Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. American Axle & Mfg Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $961 Mil.

Accounts receivable can be measured by Days Sales Outstanding. American Axle & Mfg Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 54.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. American Axle & Mfg Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-28.26.

American Axle & Mfg Holdings Accounts Receivable Historical Data

The historical data trend for American Axle & Mfg 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.

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American Axle & Mfg Holdings Accounts Receivable Chart

American Axle & Mfg Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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815.40

793.20

762.80

820.20

818.50

American Axle & Mfg 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															892.10	921.10	885.20	818.50	960.50

American Axle & Mfg Holdings Accounts Receivable Calculation

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

American Axle & Mfg Holdings 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.

American Axle & Mfg 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
=	960.5	/	1606.9	*	91
=	54.54

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

American Axle & Mfg 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)
=	(469.8	+	0.75 * 960.5	+	0.5 * 476.8	-	4749.7
-	0	-	0)	/	117.5
=	-28.26

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.

American Axle & Mfg Holdings Accounts Receivable Related Terms

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American Axle & Mfg Holdings (American Axle & Mfg Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » American Axle & Mfg Holdings Inc (NYSE:AXL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AYA:Germany

Address

One Dauch Drive, Detroit, MI, USA, 48211-1198

Website

https://www.aam.com

American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.

Executives

Terri M. Kemp	officer: Senior VP Human Resources	ONE DAUCH DRIVE, DETROIT MI 48211
Matthew K. Paroly	officer: VP & General Counsel	ONE DAUCH DRIVE, DETROIT MI 48211
Norman Willemse	officer: VP, Metal Form Prod. Bus. Unit	ONE DAUCH DRIVE, DETROIT MI 48211-1198
James A Mccaslin	director
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Tolga I Oal	officer: President, AAM North America	201 ISABELLA STREET, PITTSTBURGH PA 15212
Alberto L Satine	officer: VP-Procurement	ONE DAUCH DRIVE, DETROIT MI 48211
Sandra E. Pierce	director	2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Miller William P Ii	director	20 S. WACKER DR., CHICAGO IL 60606
Michael Joseph Lynch	officer: VP Finance & Controller	ONE DAUCH DRIVE, DETROIT MI 48211
Michael K Simonte	officer: VP & Treasurer	ONE DAUCH DRIVE, DETROIT MI 48211-1198
Bowes Timothy Earl Joseph	officer: Senior VP Corporate Planning	2135 WEST MAPLE ROAD, TROY MI 48084
Elizabeth Anne Chappell	director	ONE DAUCH DRIVE, DETROIT MI 48211
Christopher John May	officer: VP & CFO	ONE DAUCH DRIVE, DETROIT MI 48211