GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMETEK Inc (NYSE:AME) » Definitions » Accounts Receivable

AMETEK (AMETEK) Accounts Receivable : $1,013 Mil (As of Dec. 2023)


View and export this data going back to 1930. Start your Free Trial

What is AMETEK Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AMETEK's accounts receivables for the quarter that ended in Dec. 2023 was $1,013 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AMETEK's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 53.40.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AMETEK's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-19.74.


AMETEK Accounts Receivable Historical Data

The historical data trend for AMETEK'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.

* Premium members only.

AMETEK Accounts Receivable Chart

AMETEK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 744.76 597.47 829.21 919.34 1,012.93

AMETEK Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 919.34 901.51 936.91 936.80 1,012.93

AMETEK Accounts Receivable Calculation

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


AMETEK 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1012.932/1730.885*91
=53.40

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

AMETEK'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)
=(409.804+0.75 * 1012.932+0.5 * 1132.471-6293.342
-0-0)/230.93
=-19.74

* 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.


AMETEK Accounts Receivable Related Terms

Thank you for viewing the detailed overview of AMETEK's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


AMETEK (AMETEK) Business Description

Traded in Other Exchanges
Address
1100 Cassatt Road, Berwyn, PA, USA, 19312-1177
Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.
Executives
David A Zapico officer: Pres. - Electronic Instruments AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Steven W Kohlhagen director AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
William Joseph Burke officer: SR. VP-Comptroller & Treasurer AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Emanuela Speranza officer: CHIEF COMMERCIAL OFFICER 1100 CASSATT ROAD, BERWYN PA 19312
Anthony James Conti director 76 GOLFVIEW DRIVE, IVYLAND PA 18974
Thomas A Amato director 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Ronald J Oscher officer: PRES. - ELECTRONIC INSTRUMENTS AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Gretchen W Mcclain director XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604
Thomas C Marecic officer: PRES. - ELECTRONIC INSTRUMENTS AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Thomas M Montgomery officer: SR. VP. - COMPTROLLER AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
John Wesley Hardin officer: PRES. - ELECTRONIC INSTRUMENTS AMETEK,INC., 1100 CASSATT ROAD, BERWYN PA 19312
David F. Hermance officer: PRESIDENT - ELECTROMECHANICAL 1100 CASSATT ROAD, BERWYN PA 19312
Suzanne Stefany director JELD-WEN HOLDING, INC., 440 S. CHURCH STREET, SUITE 400, CHARLOTTE NC 28202
Dean Seavers director 70 SUFFOLK ROAD, CHESTNUT HILL MA 02467
Ruby R Chandy director 630 DUNDEE ROAD, SUITE 400, NORTHBROOK IL 60062

AMETEK (AMETEK) Headlines

From GuruFocus

Q2 2022 AMETEK Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2020 AMETEK Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2022 AMETEK Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2020 AMETEK Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

AMETEK Inc Annual Shareholders Meeting Transcript

By GuruFocus Research 01-22-2024

Q4 2018 Ametek Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2019 Ametek Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024