Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Accounts Receivable : $889 Mil (As of Dec. 2023)

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What is Knight-Swift Transportation Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Knight-Swift Transportation Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $889 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Knight-Swift Transportation Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 41.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Knight-Swift Transportation Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-30.66.

Knight-Swift Transportation Holdings Accounts Receivable Historical Data

The historical data trend for Knight-Swift Transportation 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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Knight-Swift Transportation Holdings Accounts Receivable Chart

Knight-Swift Transportation Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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518.55

578.48

911.34

842.29

888.60

Knight-Swift Transportation 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															800.42	712.20	971.18	888.60	867.61

Knight-Swift Transportation Holdings Accounts Receivable Calculation

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

Knight-Swift Transportation 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.

Knight-Swift Transportation Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	888.603	/	1931.919	*	91
=	41.97

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

Knight-Swift Transportation Holdings'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)
=	(168.545	+	0.75 * 888.603	+	0.5 * 0	-	5766.684
-	0	-	16.691)	/	161.385
=	-30.66

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.

Knight-Swift Transportation Holdings Accounts Receivable Related Terms

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Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Knight-Swift Transportation Holdings Inc (NYSE:KNX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

KSX:Germany

Address

2002 West Wahalla Lane, Phoenix, AZ, USA, 85027

Website

https://www.knight-swift.com

Knight-Swift is the largest truckload, or TL, carrier in the U.S., with a diversified transportation offering. Pro forma for the U.S. Xpress deal, 74% of revenue derives from Knight's asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 63% and LTL at 11%. Truck brokerage and other asset-light logistics services make up 14% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue (6%) reflects services offered to shippers and third-party truckers including insurance, equipment maintenance, and equipment leasing.

Executives

Timothy Sean Harrington	officer: Exec. Vice Pres. Sales	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
James L Fitzsimmons	officer: Exec. Vice Pres. Operations	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Cary M Flanagan	officer: Controller	SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Amy Boerger	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Kevin P Knight	director, officer: Executive Chairman	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Joshua Smith	officer: CFO, US Xpress Inc.	2002 W WAHALLA LANE, PHOENIX AZ 85027
Dustin Ohlman	officer: VP Intermodal	2200 S 75TH AVE, PHOENIX AZ 85043
Reed Stultz	officer: SR VP Logistics	2002 W WAHALLA LANE, PHOENIX AZ 85027
Michael K Liu	officer: Exec VP of Ops, Knight Trans	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Kathryn L Munro	director	200 N WASHINGTON SQUARE, LANSING MI 48933
Jessica Powell	director	2002 W WAHALLA, PHOENIX AZ 85027
Updike James E. Jr.	officer: EVP Sales & Mkt, Knight Trans.	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Louis Hobson	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Gary J Knight	director, officer: Vice Chairman	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Reid Dove	director	20002 NORTH 19TH AVENUE, PHOENIX AZ 85027