Sanderson Farms (Sanderson Farms) Accounts Receivable : $260 Mil (As of Apr. 2022)

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What is Sanderson Farms Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sanderson Farms's accounts receivables for the quarter that ended in Apr. 2022 was $260 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sanderson Farms's Days Sales Outstanding for the quarter that ended in Apr. 2022 was 15.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sanderson Farms's Net-Net Working Capital per share for the quarter that ended in Apr. 2022 was $34.65.

Sanderson Farms Accounts Receivable Historical Data

The historical data trend for Sanderson Farms'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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Sanderson Farms Accounts Receivable Chart

Sanderson Farms Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Accounts Receivable

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138.87

121.93

131.78

147.55

223.87

Sanderson Farms Quarterly Data
	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Accounts Receivable	Get a 7-Day Free Trial															188.87	211.02	223.87	224.08	260.44

Sanderson Farms Accounts Receivable Calculation

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

Sanderson Farms 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.

Sanderson Farms's Days Sales Outstanding for the quarter that ended in Apr. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	260.438	/	1539.714	*	91
=	15.43

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

Sanderson Farms's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2022 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)
=	(829.124	+	0.75 * 260.438	+	0.5 * 434.458	-	468.372
-	0	-	0)	/	22.3202
=	34.65

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.

Sanderson Farms Accounts Receivable Related Terms

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Sanderson Farms (Sanderson Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sanderson Farms Inc (NAS:SAFM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

127 Flynt Road, Laurel, MS, USA, 39443

Website

https://www.sandersonfarms.com

Sanderson Farms Inc is a dressed-chicken processor in the United States, producing and selling a variety of fresh, frozen, and value-added chicken products to grocers, food-service operators, and distributors. Most revenue is generated in the Southeastern, Southwestern, Northeastern, and Western United States. The company's product portfolio consists of tray packs and large birds, catering to grocery and food-service customers. It sells chill-packed, ice-packed, bulk-packed, and frozen chicken in whole, cut-up, and boneless form under the brand name Sanderson Farms to retailers, distributors, and casual dining operators in the United States.

Executives

Toni D Cooley	director	253 OLD JACKSON ROAD, MADISON MS 39110
Phil K Livingston	director	C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998
John Bierbusse	director	3500 NORTH LAKE SHORE DRIVE #14A CHICAGO IL 60657
Lampkin Butts	director, officer: Vice President, Sales	C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998
Robert C Khayat	director	PO BOX 1848 UNIVERSITY MS 38677
Sonia Perez	director	127 FLYNT ROAD, LAUREL MS 39443
Jones Gail Pittman	director	C/O SANDERSON FARMS INC PO BOX 988 225 N 13TH AVE LAUREL MS 39441-0988
Green Edith Kelly	director	3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118
John David Barksdale	director	127 FLYNT ROAD, LAUREL MS 39443
Banks Fred L Jr	director	111 EAST CAPITOL STREET SUITE 600 JACKSON MS 39201-2122
Dianne Mooney	director	7449 ASHLAND LANE BIRMINGHAM AL 35242
Suzanne T Mestayer	director	1100 POYDRAS STREET NEW ORLEANS LA 70163
D Michael Cockrell	director, officer: Treasurer & CFO	C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998
Beverly W Hogan	director
Baker John H Iii	director	C/O SANDERSON FARMS INC 225 N 13TH AVE LAUREL MS 39441