Toll Brothers (Toll Brothers) Accounts Receivable : $702 Mil (As of Jan. 2024)

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What is Toll Brothers Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Toll Brothers's accounts receivables for the quarter that ended in Jan. 2024 was $702 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Toll Brothers's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 32.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Toll Brothers's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $5.46.

Toll Brothers Accounts Receivable Historical Data

The historical data trend for Toll Brothers'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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Toll Brothers Accounts Receivable Chart

Toll Brothers Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Receivable

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747.23

691.26

Toll Brothers Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															675.66	697.61	739.57	691.26	702.03

Toll Brothers Accounts Receivable Calculation

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

Toll Brothers 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.

Toll Brothers's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	702.03	/	1947.848	*	91
=	32.89

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

Toll Brothers's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 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)
=	(754.793	+	0.75 * 702.03	+	0.5 * 9581.482	-	5486.31
-	0	-	16.374)	/	104.31
=	5.46

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.

Toll Brothers Accounts Receivable Related Terms

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Toll Brothers (Toll Brothers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Toll Brothers Inc (NYSE:TOL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TLK:Germany TLK:Germany

Address

1140 Virginia Drive, Fort Washington, PA, USA, 19034

Website

https://www.tollbrothers.com

Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.

Executives

Paul E Shapiro	director
Martin P. Connor	officer: Chief Financial Officer	1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
John A Mclean	director	TOLL BROTHERS, INC., 1140 GIBRALTAR ROAD, FORT WASHINGTON PA 19034
Yearley Douglas C. Jr.	officer: Executive Vice President	250 GIBRALTAR ROAD, HORSHAM PA 19044
Carl B Marbach	director	17730 SCARSDALE WAY, BOCA RATON FL 33496
Robert Parahus	officer: EVP,Co-Chief Operating Officer	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Michael J. Grubb	officer: Chief Accounting Officer	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Christine Garvey	director	14100 E 35TH PLACE, AURORA CO 80011
Derek T. Kan	director	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Richard J Braemer	director	324 SPRUCE ST, PHILADELPHIA PA 19106
Scott D Stowell	director
Robert I Toll	director, 10 percent owner, officer: Chief Executive Officer	1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19006
Edward G Boehne	director	313 DEVON STATE ST, DEVON PA 19333
Stephen F. East	director	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
James W. Boyd	officer: EVP,Co-Chief Operating Officer	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034