Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ABM Industries's accounts receivables for the quarter that ended in Jan. 2024 was $1,382 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
ABM Industries's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 60.93.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ABM Industries's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-32.21.
ABM Industries Accounts Receivable Historical Data
The historical data trend for ABM Industries'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
ABM Industries 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.
ABM Industries's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), ABM Industries's accounts receivable are only considered to be worth 75% of book value:
ABM Industries's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is calculated as:
* 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.
ABM Industries Accounts Receivable Related Terms
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ABM Industries (ABM Industries) Business Description
ABM Industries Inc is a provider of integrated facility solutions. It offers its solutions through five segments: Business and Industry, Manufacturing and Distribution, Education, Aviation and Technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America.
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