Loar Holdings (Loar Holdings) Accounts Receivable : $55.84 Mil (As of Mar. 2024)

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What is Loar Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Loar Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $55.84 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Loar Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 55.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Loar Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-5.93.

Loar Holdings Accounts Receivable Historical Data

The historical data trend for Loar Holdings'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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Loar Holdings Accounts Receivable Chart

Loar Holdings Annual Data

Trend

Dec22

Dec23

Accounts Receivable

40.90

59.00

Loar Holdings Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Accounts Receivable	40.90	-	59.00	55.84

Loar Holdings Accounts Receivable Calculation

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

Loar Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	55.844	/	91.844	*	91
=	55.48

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

Loar Holdings'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)
=	(28.152	+	0.75 * 55.844	+	0.5 * 82.57	-	633.315
-	0	-	0)	/	88
=	-5.93

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.

Loar Holdings Accounts Receivable Related Terms

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Loar Holdings (Loar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Loar Holdings Inc (NYSE:LOAR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 New King Street, White Plains, New York, NY, USA, 10604

Website

https://www.loargroup.com

Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).

Loar Holdings (Loar Holdings) Headlines

From GuruFocus

Director M Crow Acquires 71,429 Shares of Loar Holdings Inc (LOAR)

By GuruFocus Research • 04-29-2024