GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » West Fraser Timber Co.Ltd (TSX:WFG) » Definitions » Accounts Receivable

West Fraser Timber Co.Ltd (TSX:WFG) Accounts Receivable : C$525 Mil (As of Mar. 2024)


View and export this data going back to 1986. Start your Free Trial

What is West Fraser Timber Co.Ltd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. West Fraser Timber Co.Ltd's accounts receivables for the quarter that ended in Mar. 2024 was C$525 Mil.

Accounts receivable can be measured by Days Sales Outstanding. West Fraser Timber Co.Ltd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 21.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. West Fraser Timber Co.Ltd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-10.59.


West Fraser Timber Co.Ltd Accounts Receivable Historical Data

The historical data trend for West Fraser Timber Co.Ltd'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.

West Fraser Timber Co.Ltd Accounts Receivable Chart

West Fraser Timber Co.Ltd 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 209.39 312.54 564.48 388.53 335.40

West Fraser Timber Co.Ltd 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 632.16 523.47 514.18 335.40 525.20

West Fraser Timber Co.Ltd Accounts Receivable Calculation

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


West Fraser Timber Co.Ltd 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.

West Fraser Timber Co.Ltd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=525.197/2202.307*91
=21.76

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

West Fraser Timber Co.Ltd'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)
=(962.41+0.75 * 525.197+0.5 * 1371.197-2906.179
-0-0)/81.5904
=-10.59

* 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.


West Fraser Timber Co.Ltd Accounts Receivable Related Terms

Thank you for viewing the detailed overview of West Fraser Timber Co.Ltd's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


West Fraser Timber Co.Ltd (TSX:WFG) Business Description

Traded in Other Exchanges
Address
c/o West Fraser Group, 858 Beatty Street, Vancouver, BC, CAN, V6B 1C1
West Fraser Timber is a softwood lumber company that also produces wood panels and pulp products. The company produces its wood products globally, with lumber mills in British Columbia, Alberta, Europe, and the southeastern United States. Following its acquisition of Norbord in 2021, West Fraser is now one of the largest oriented strand board, or OSB, producers in the world.
Executives
Christopher Virostek Senior Officer
Eric Butler Director

West Fraser Timber Co.Ltd (TSX:WFG) Headlines

From GuruFocus

WEST FRASER ANNOUNCES INDEFINITE CURTAILMENT OF PERRY SAWMILL

By PRNewswire PRNewswire 01-10-2023

WEST FRASER SENIOR LEADERSHIP TRANSITION PLAN

By PRNewswire 08-10-2023

WEST FRASER ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

By PRNewswire PRNewswire 02-23-2023

West Fraser: King of Lumber

By Jonathan Poland 04-24-2023

WEST FRASER DECLARES DIVIDEND

By PRNewswire PRNewswire 06-07-2023

CARIBOO PULP & PAPER PLANNED CURTAILMENT THIS SPRING AND FALL

By PRNewswire PRNewswire 02-07-2023