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Gulf Island Fabrication (Gulf Island Fabrication) Accounts Receivable : $26.9 Mil (As of Mar. 2024)


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What is Gulf Island Fabrication Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gulf Island Fabrication's accounts receivables for the quarter that ended in Mar. 2024 was $26.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gulf Island Fabrication's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 57.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gulf Island Fabrication's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $2.39.


Gulf Island Fabrication Accounts Receivable Historical Data

The historical data trend for Gulf Island Fabrication'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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Gulf Island Fabrication Accounts Receivable Chart

Gulf Island Fabrication 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 26.10 14.09 15.99 29.43 36.30

Gulf Island Fabrication 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 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 43.55 36.32 35.68 36.30 26.89

Gulf Island Fabrication Accounts Receivable Calculation

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


Gulf Island Fabrication 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.

Gulf Island Fabrication's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=26.892/42.881*91
=57.23

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

Gulf Island Fabrication'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)
=(59.821+0.75 * 26.892+0.5 * 2.004-42.314
-0-0)/16.197
=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.


Gulf Island Fabrication Accounts Receivable Related Terms

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Gulf Island Fabrication (Gulf Island Fabrication) Business Description

Traded in Other Exchanges
N/A
Address
2170 Buckthorne Place, Suite 420, The Woodlands, TX, USA, 77380
Gulf Island Fabrication Inc is a U.S.-based company that is a fabricator of complex steel structures and marine vessels. The company also provides installation, hook-up, commissioning, repair, and maintenance services with specialized crews. The company operates through segments namely Fabrication division fabricates structures such as offshore drilling and production platforms and other steel structures for customers in the oil and gas industries; the Shipyards division manufactures newly built and repairs various steel marine vessels in the United States; the Services division provides interconnect piping services on offshore platforms, welding, and inshore structures and also provides maintenance and industrial facilities.
Executives
Robert M Averick director, 10 percent owner KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Jay Troger director 2170 BUCKTHORNE PLACE, SUITE 420, THE WOODLANDS TX 77380
William E Chiles director C/O ENSCO INTERNTIONAL INC, 1445 ROSS AVE, DALLAS TX 75202-2792
Murray W. Burns director 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Matthew R Oubre other: SVP, Commercial 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
Richard W. Heo director, officer: President & CEO 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380
C D Richard director
Michael A Flick director 2000 W SAM HOUSTON PARKWAY SOUTH, SUITE 1700, HOUSTON TX 77042
Michael J Keeffe director 400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
Thomas M. Smouse officer: VP, Chief Human Resources Offi 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
James L. Morvant other: SVP, Fabrication & Services 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
Piton Capital Partners Llc 10 percent owner C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, SUITE 2200, OKLAHOMA CITY OK 73134
Gregory J Cotter director 583 THOMPSON RD, HOUMA LA 70363
Christian G Vaccari other: Executive VP of Subsidiary 1100 POYDAS ST, STE 2000, NEW ORLEAN LA 70163
Donald John Mackay other: Executive VP of Subsidiary 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084