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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Topgolf Callaway Brands's accounts receivables for the quarter that ended in Dec. 2023 was $201 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Topgolf Callaway Brands's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 20.39.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Topgolf Callaway Brands's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-23.43.
The historical data trend for Topgolf Callaway Brands'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.
Topgolf Callaway Brands Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 140.46 | 138.48 | 105.30 | 167.30 | 200.50 |
Topgolf Callaway Brands Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Accounts Receivable | Get a 7-Day Free Trial | 167.30 | 454.80 | 397.20 | 304.60 | 200.50 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Topgolf Callaway Brands's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 200.5 | / | 897.1 | * | 91 |
= | 20.39 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Topgolf Callaway Brands's accounts receivable are only considered to be worth 75% of book value:
Topgolf Callaway Brands's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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) | ||
= | (393.5 | + | 0.75 * 200.5 | + | 0.5 * 794.4 | - | 5242.4 |
- | 0 | - | 0) | / | 183.617 | ||
= | -23.43 |
* 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.
Thank you for viewing the detailed overview of Topgolf Callaway Brands's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Laura Jean Flanagan | director | 395 OYSTER POINT BLVD, SUITE 415, SOUTH SAN FRANCISCO CA 94080 |
Brewer Oliver G Iii | officer: President and CEO | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
Jennifer L. Thomas | officer: Chief Accounting Officer | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
Erik J Anderson | director | 1411 E MISSION AVE, SPOKANE WA 99202 |
Adebayo O. Ogunlesi | director | 2180 RUTHERFORD ROAD, CARLSBAD CA 92130 |
C. Matthew Turney | director | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
Rebecca Fine | officer: EVP, Chief People Officer | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
Brian P. Lynch | officer: SVP, G.C. & Corp Secretary | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
Samuel H Armacost | director | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
Varsha Rajendra Rao | director | 6155 EL CAMINO REAL, CARLSBAD CA 92009 |
Bavan Holloway | director | 8501 NORTH SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253 |
Pep Tg Investments Lp | 10 percent owner | C/O PROVIDENCE EQUITY PARTNERS L.L.C., 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903 |
Glenn F. Hickey | officer: EVP, Callaway Golf | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
Artie Starrs | officer: CEO, Topgolf | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
Westriver Management, Llc | 10 percent owner | 920 5TH AVENUE, SUITE 3450, SEATTLE WA 98104 |
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