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DSM Firmenich AG (XAMS:DSFIR) Accounts Receivable : €2,553 Mil (As of Dec. 2023)


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What is DSM Firmenich AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. DSM Firmenich AG's accounts receivables for the quarter that ended in Dec. 2023 was €2,553 Mil.

Accounts receivable can be measured by Days Sales Outstanding. DSM Firmenich AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 75.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. DSM Firmenich AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-19.56.

DSM Firmenich AG Accounts Receivable Historical Data

The historical data trend for DSM Firmenich AG'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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DSM Firmenich AG Accounts Receivable Chart

DSM Firmenich AG Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
- 1,508.00 2,553.00

DSM Firmenich AG Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable - 2,697.00 1,508.00 2,505.00 2,553.00

DSM Firmenich AG Accounts Receivable Calculation

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

DSM Firmenich AG 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.

DSM Firmenich AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2553/6157*91
=75.67

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

DSM Firmenich AG'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)
=(2563+0.75 * 2553+0.5 * 3390-11200
-0-162)/265.284
=-19.56

* 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.

DSM Firmenich AG Accounts Receivable Related Terms

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DSM Firmenich AG (XAMS:DSFIR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DSM Firmenich AG (XAMS:DSFIR) » Definitions » Accounts Receivable
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Traded in Other Exchanges
DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria
Address
Wurmisweg 576, Kaiseraugst, CHE, 4303
Website
https://www.dsm-firmenich.com/corporate/home.html
DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

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