Insteel Industries (Insteel Industries) Accounts Receivable : $55.5 Mil (As of Mar. 2024)

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What is Insteel Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Insteel Industries's accounts receivables for the quarter that ended in Mar. 2024 was $55.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Insteel Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 39.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Insteel Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $5.92.

Insteel Industries Accounts Receivable Historical Data

The historical data trend for Insteel Industries'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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Insteel Industries Accounts Receivable Chart

Insteel Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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44.18

53.82

67.92

81.65

63.42

Insteel Industries 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															65.87	66.36	63.42	43.35	55.55

Insteel Industries Accounts Receivable Calculation

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

Insteel Industries 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.

Insteel Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	55.549	/	127.394	*	91
=	39.79

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

Insteel Industries'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)
=	(83.945	+	0.75 * 55.549	+	0.5 * 92.53	-	56.606
-	0	-	0)	/	19.467
=	5.92

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.

Insteel Industries Accounts Receivable Related Terms

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Insteel Industries (Insteel Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Insteel Industries Inc (NYSE:IIIN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HZ8:Germany

Address

1373 Boggs Drive, Mount Airy, NC, USA, 27030

Website

https://www.insteel.com

Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures and markets PC strand and welded wire reinforcement, including ESM, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Its concrete reinforcing products consist of two product lines: PC strand and WWR. Insteel generates its geographical revenue from the United States.

Executives

James F Petelle	officer: Vice President	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Richard Wagner	officer: Vice President	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Elizabeth Carroll Southern	officer: Vice President-Administration	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Patrick K. Griffin	officer: Controller and CAO	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Scot R Jafroodi	officer: Chief Accounting Officer	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Woltz H O Iii	director, officer: President and CEO	1373 BOGGS DR, MT AIRY NC 27030
James R. York	officer: Senior Vice President	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
Mark A Carano	officer: Vice President and CFO	13024 BALLANTYNE CORPORATE PLACE, #700, CHARLOTTE NC 28277
Joseph A Rutkowski	director	2100 REXFORD RD, CHARLOTTE NC 28211
Jon M Ruth	director	1373 BOGGS DRIVE, MOUNT AIRY NC 27030
G Kennedy Thompson	director	3000 HANOVER STREET, PALO ALTO CA 94304
Anne H Lloyd	director
Michael C Gazmarian	officer: Treasurer	1373 BOGGS DR, MT AIRY NC 27030
Charles B Newsome	director	1373 BOGGS DR, MT AIRY NC 27030
Rogers W Allen Ii	director	1373 BOGGS DR, MT AIRY NC 27030