Greif (FRA:GB6B) Accounts Receivable : €720 Mil (As of Apr. 2024)

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What is Greif Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Greif's accounts receivables for the quarter that ended in Apr. 2024 was €720 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Greif's Days Sales Outstanding for the quarter that ended in Apr. 2024 was 51.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Greif's Net-Net Working Capital per share for the quarter that ended in Apr. 2024 was €-92.84.

Greif Accounts Receivable Historical Data

The historical data trend for Greif'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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Greif Accounts Receivable Chart

Greif Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Receivable

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600.44

541.11

766.75

760.34

624.45

Greif Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Accounts Receivable	Get a 7-Day Free Trial															663.02	617.16	624.45	586.79	719.50

Greif Accounts Receivable Calculation

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

Greif 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.

Greif's Days Sales Outstanding for the quarter that ended in Apr. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	719.504	/	1277.772	*	91
=	51.38

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

Greif's Net-Net Working Capital Per Share for the quarter that ended in Apr. 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)
=	(182.672	+	0.75 * 719.504	+	0.5 * 383.704	-	4339.392
-	0	-	152.568)	/	38.5365
=	-92.84

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.

Greif Accounts Receivable Related Terms

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Greif (FRA:GB6B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Greif Inc (FRA:GB6B) » Definitions » Accounts Receivable

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Traded in Other Exchanges

GEF.B:USA GEF:USA

Address

425 Winter Road, Delaware, OH, USA, 43015

Website

https://www.greif.com

Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.

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