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Ultrapar Participacoes (Ultrapar Participacoes) Accounts Receivable : $989 Mil (As of Dec. 2023)


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What is Ultrapar Participacoes Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ultrapar Participacoes's accounts receivables for the quarter that ended in Dec. 2023 was $989 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ultrapar Participacoes's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ultrapar Participacoes's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.39.

Ultrapar Participacoes Accounts Receivable Historical Data

The historical data trend for Ultrapar Participacoes'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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Ultrapar Participacoes Accounts Receivable Chart

Ultrapar Participacoes 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 885.82 645.12 596.87 826.22 989.05

Ultrapar Participacoes 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 826.22 756.24 824.92 990.43 989.05

Ultrapar Participacoes Accounts Receivable Calculation

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

Ultrapar Participacoes 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=989.051/6820.865*91
=13.23

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

Ultrapar Participacoes'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)
=(1269.158+0.75 * 989.051+0.5 * 875.838-4943.497
-0-106.807)/1089.5
=-2.39

* 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.

Ultrapar Participacoes Accounts Receivable Related Terms

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Ultrapar Participacoes (Ultrapar Participacoes) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ultrapar Participacoes SA (NYSE:UGP) » Definitions » Accounts Receivable
Comparable Companies
BSP:CSAN3 BSP:RPMG3 NSE:RELIANCE MPC PSX VLO NSE:IOC OHEL:NESTE TPE:6505 XKAZ:KMGZ BOM:500547 TSE:5020 DINO IST:TUPRS TSE:5019 XKRX:096770 NSE:HINDPETRO SAU:2223 IEP HKSE:00135
Traded in Other Exchanges
UGPN:Mexico UGR:Germany UGPA3:Brazil UGP:Argentina
Address
Brigadeiro Luis Antonio Avenue, 1343, Sao Paulo, SP, BRA, 01317-910
Website
https://www.ultra.com.br
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, industrial activities, through the subscription or acquisition of shares of other companies. The Company has three business segments: gas distribution, fuel distribution and storage. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The storage segment operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil.