Espey Manufacturing & Electronics (Espey Manufacturing & Electronics) Accounts Receivable : $5.32 Mil (As of Mar. 2024)

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What is Espey Manufacturing & Electronics Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Espey Manufacturing & Electronics's accounts receivables for the quarter that ended in Mar. 2024 was $5.32 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Espey Manufacturing & Electronics's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 58.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Espey Manufacturing & Electronics's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $7.73.

Espey Manufacturing & Electronics Accounts Receivable Historical Data

The historical data trend for Espey Manufacturing & Electronics'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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Espey Manufacturing & Electronics Accounts Receivable Chart

Espey Manufacturing & Electronics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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11.00

9.01

5.35

5.73

5.76

Espey Manufacturing & Electronics 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															4.33	5.76	5.93	5.96	5.32

Espey Manufacturing & Electronics Accounts Receivable Calculation

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

Espey Manufacturing & Electronics 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.

Espey Manufacturing & Electronics's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.315	/	8.255	*	91
=	58.75

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

Espey Manufacturing & Electronics's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(21.125	+	0.75 * 5.315	+	0.5 * 19.611	-	13.796
-	0	-	0)	/	2.73276
=	7.73

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.

Espey Manufacturing & Electronics Accounts Receivable Related Terms

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Espey Manufacturing & Electronics (Espey Manufacturing & Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Espey Manufacturing & Electronics Corp (AMEX:ESP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

233 Ballston Avenue, Saratoga Springs, NY, USA, 12866

Website

https://www.espey.com

Espey Manufacturing & Electronics Corp designs, develops, tests, and manufactures specialized military and rugged industrial power supplies and transformers for use in harsh or severe environment applications. Its products and solutions include power converters, power conditioning, high-voltage radar, contract manufacturing, custom engineering, and others. The applications of these products include AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power.

Executives

Nancy Koskey Patzwahl	director	81 OLD LANE, CLAVERACK NY 12513
Peggy A Murphy	officer: Corporate Secretary	91 FEEDER DAM RD, S GLENSFALLS NY 12803
Katrina Leonore Sparano	officer: Assistant Treasurer	670 ACLAND BLVD., BALLSTON SPA NY 12020
Howard M Pinsley	director, officer: President/CEO, other: Chairman of the Board	233 BALLSTON AVE., SARATOGA SPRINGS NY 12866
Barry Pinsley	director	6101 PELICAN BAY BLVD., NAPLES FL 34108
Alvin O Sabo	director	51 ISLAND VIEW ROAD, COHOES NY 12047
Paul J Corr	director	87 RAILROAD PLACE, UNIT 306, SARATOGA SPRINGS NY 12866
David A Oneil	officer: Treasurer	14 BRIDGET CIRCLE, COHOES NY 12047
Sexauer Roger Nicholas Ii	director	2820 BENNETT POINT RD., QUEENSTOWN MD 21658
Carl Helmetag	director	330 SEA VIEW, RIVERSIDE RI 02915
Enright Patrick Thomas Jr.	director, officer: President and CEO	3111 SQUAW CREEK TRAIL, BALLSTON SPA NY 12020
Michael W Wool	director	131 HILLS POINT RD, CHARLOTTE VT 05402
St Pierre Mark Francis	officer: President	13 SECLUDED RIDGE, SOUTHWICK MA 01077
Espey Mfg. & Electronics Corp. Employee Retirement Plan & Trust	10 percent owner, other: Retirement Plan Trust	233 BALLSTON AVE., SARATOGA SPRINGS NY 12866
Seymour Saslow	director	199 CAROLINE ST, SARATOGA SPRINGS NY 12866