Glencore (LSE:GLEN) Accounts Receivable : £8,303 Mil (As of Dec. 2023)

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What is Glencore Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Glencore's accounts receivables for the quarter that ended in Dec. 2023 was £8,303 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Glencore's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 17.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Glencore's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-3.55.

Glencore Accounts Receivable Historical Data

The historical data trend for Glencore'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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Glencore Accounts Receivable Chart

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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7,796.33

5,817.34

7,677.92

10,367.59

8,302.90

Glencore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															7,677.92	10,264.49	10,367.59	7,779.82	8,302.90

Glencore Accounts Receivable Calculation

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

Glencore 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8302.9	/	87227.06	*	91
=	17.37

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

Glencore'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)
=	(1520.75	+	0.75 * 8302.9	+	0.5 * 24939.51	-	67649.28
-	0	-	-4220.97)	/	12173.4
=	-3.55

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.

Glencore Accounts Receivable Related Terms

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Glencore (LSE:GLEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (LSE:GLEN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

GLN:South Africa GLNCY:USA GLCNF:USA GLENl:UK 8GC:Germany

Address

Baarermattstrasse 3, P.O. Box 1363, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's Marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It has also agreed to buy Teck's metallurgical coal business, with the deal likely closing in the third quarter of 2024.

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