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Latham Group (Latham Group) Accounts Receivable : $73.9 Mil (As of Mar. 2024)


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What is Latham Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Latham Group's accounts receivables for the quarter that ended in Mar. 2024 was $73.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Latham Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 60.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Latham Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.34.


Latham Group Accounts Receivable Historical Data

The historical data trend for Latham Group'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.

* Premium members only.

Latham Group Accounts Receivable Chart

Latham Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
31.43 32.76 60.75 48.85 30.41

Latham Group Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 102.37 81.80 72.41 30.41 73.94

Latham Group Accounts Receivable Calculation

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


Latham Group 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=73.944/110.629*91
=60.99

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

Latham Group'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)
=(43.811+0.75 * 73.944+0.5 * 95.151-416.844
-0-0)/115.39
=-2.34

* 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.


Latham Group Accounts Receivable Related Terms

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Latham Group (Latham Group) Business Description

Traded in Other Exchanges
N/A
Address
787 Watervliet Shaker Road, Latham, NY, USA, 12110
Latham Group Inc is a designer, manufacturer, and marketer of in-ground residential swimming pools, liners, and covers in North America, Australia, and New Zealand. It derives a majority of its revenue from the United States.
Executives
Oliver C. Gloe officer: VICE PRESIDENT, FINANCE C/O LATHAM GROUP, 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Scott Michael Rajeski director, officer: Chief Executive Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Melissa Claire Feck officer: Chief Human Resources Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Patrick M Sheller officer: General Counsel & Secretary 343 STATE STREET, ROCHESTER NY 14650
J Mark Borseth officer: Chief Financial Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
James E Cline director C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Joshua D. Cowley officer: Chief Commercial Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Suraj Kunchala officer: Vice President & Controller 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Brian Patrick Pratt director 112 E. 17TH ST., NEW YORK NY 10003
Delu Jackson director 650 TENNIS CLUB DRIVE, APT. L107, FORT LAUDERDALE FL 33311
Sanjeev Bahl officer: COO Latham Pool Products, Inc. C/O LATHAM GROUP, INC., 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Mark Phillip Laven director 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Masson Robert L. Ii officer: Chief Financial Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Dane L. Derbyshire director 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Jeff Arnold Leake officer: Chief Operating Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110