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Hydro One (TSX:H) Accounts Receivable : C$479 Mil (As of Mar. 2024)


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What is Hydro One Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hydro One's accounts receivables for the quarter that ended in Mar. 2024 was C$479 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hydro One's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 20.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hydro One's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-35.46.


Hydro One Accounts Receivable Historical Data

The historical data trend for Hydro One'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.

Hydro One Accounts Receivable Chart

Hydro One Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 330.00 347.00 346.00 767.00 830.00

Hydro One 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 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 Premium Member Only Premium Member Only 431.00 388.00 388.00 830.00 479.00

Hydro One Accounts Receivable Calculation

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


Hydro One 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=479/2166*91
=20.18

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

Hydro One'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)
=(686+0.75 * 479+0.5 * 34-22224
-0-83)/599.077
=-35.46

* 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.


Hydro One Accounts Receivable Related Terms

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Hydro One (TSX:H) Business Description

Traded in Other Exchanges
Address
483 Bay Street, South Tower, 8th Floor, Toronto, ON, CAN, M5G 2P5
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.
Executives
Darlene Ann Bradley Senior Officer