Livent (LTS:0A6T) Accounts Receivable : $110.1 Mil (As of Sep. 2023)

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What is Livent Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Livent's accounts receivables for the quarter that ended in Sep. 2023 was $110.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Livent's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 47.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Livent's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-1.80.

Livent Accounts Receivable Historical Data

The historical data trend for Livent'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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Livent Accounts Receivable Chart

Livent Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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141.40

90.00

76.30

96.40

141.60

Livent Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															164.00	141.60	112.90	122.30	110.10

Livent Accounts Receivable Calculation

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

Livent 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.

Livent's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	110.1	/	211.4	*	91
=	47.52

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

Livent's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=	(112.6	+	0.75 * 110.1	+	0.5 * 202.7	-	620.5
-	0	-	0)	/	179.729
=	-1.80

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.

Livent Accounts Receivable Related Terms

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Livent (LTS:0A6T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Livent Corp (LTS:0A6T) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ARLTF:USA ALTM:USA 7WO:Germany LTM:Australia

Address

1818 Market Street, Philadelphia, PA, USA, 19103

Website

https://www.livent.com

Arcadium Lithium is a pure-play lithium producer that was formed in the Allkem-Livent merger in January 2024. Arcadium should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from two brine resources in Argentina. Arcadium also produces spodumene, a hard rock lithium upstream concentrate, from a mine in Australia and operates downstream lithium hydroxide conversion plants in the United States and China.

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