Construction Partners (Construction Partners) Accounts Receivable : $276 Mil (As of Mar. 2024)

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What is Construction Partners Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Construction Partners's accounts receivables for the quarter that ended in Mar. 2024 was $276 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Construction Partners's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 67.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Construction Partners's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-9.13.

Construction Partners Accounts Receivable Historical Data

The historical data trend for Construction Partners'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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Construction Partners Accounts Receivable Chart

Construction Partners Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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139.88

131.77

158.17

265.21

303.70

Construction Partners 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															243.26	254.97	303.70	255.53	275.57

Construction Partners Accounts Receivable Calculation

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

Construction Partners 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	275.57	/	371.427	*	91
=	67.70

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

Construction Partners'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)
=	(47.957	+	0.75 * 275.57	+	0.5 * 102.75	-	788.417
-	0	-	0)	/	52.8274
=	-9.13

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.

Construction Partners Accounts Receivable Related Terms

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Construction Partners (Construction Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Construction Partners Inc (NAS:ROAD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CQY:Germany

Address

290 Healthwest Drive, Suite 2, Dothan, AL, USA, 36303

Website

https://www.constructionpartners.net

Construction Partners Inc operates as an infrastructure and road construction company. It provides construction products and services to the public and private sectors. Its services cover the construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.

Executives

Suntx Capital Ii Management Corp.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Craig Jennings	director, 10 percent owner	5204 LAKECREET CT., PLANO TX 75093
Mark R Matteson	director, 10 percent owner	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Suntx Cpi Capital Management Corp.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Fleming Ned N. Iv	other: Member of 10% owner group	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Ned N. Fleming, Iv 2013 Trust	other: Member of 10% owner group	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
John L Harper	officer: Senior Vice President	170 EAST MAIN STREET, DOTHAN AL 36301
Noreen E Skelly	director	8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Stefan L Shaffer	director	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Suntx Capital Partners Ii Lp	director, 10 percent owner	TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Capital Partners Ii Dutch Investors Lp	director, 10 percent owner	TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Cpi Expansion Fund Gp, L.p.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75214
Gregory A Hoffman	officer: Senior VP, Finance	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Judson Ryan Brooks	officer: Senior Vice President, Legal	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Charles E Owens	director, officer: See Remarks	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303