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Unique Fabricating (Unique Fabricating) Accounts Receivable : $25.4 Mil (As of Sep. 2022)


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What is Unique Fabricating Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Unique Fabricating's accounts receivables for the quarter that ended in Sep. 2022 was $25.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Unique Fabricating's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 67.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Unique Fabricating's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-4.17.


Unique Fabricating Accounts Receivable Historical Data

The historical data trend for Unique Fabricating'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.

Unique Fabricating Accounts Receivable Chart

Unique Fabricating Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 27.20 30.83 24.70 23.76 23.47

Unique Fabricating Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 25.58 23.47 26.57 26.46 25.44

Unique Fabricating Accounts Receivable Calculation

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


Unique Fabricating 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.

Unique Fabricating's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=25.437/34.503*91
=67.27

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

Unique Fabricating's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(0.48+0.75 * 25.437+0.5 * 12.521-74.701
-0-0)/11.7331
=-4.17

* 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.


Unique Fabricating Accounts Receivable Related Terms

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Unique Fabricating (Unique Fabricating) Business Description

Traded in Other Exchanges
N/A
Address
800 Standard Parkway, Auburn Hills, MI, USA, 48326
Unique Fabricating Inc is engaged in the engineering and manufacture of multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness, acoustical management, water and air sealing, decorative and other functional applications. Its products are air management products, heating ventilating and air conditioning, seals, fender stuffers, air ducts, acoustical insulation, door water shields, gas tank pads, light gaskets, topper pads, mirror gaskets, glove box liners, personal protection equipment, and packaging. It derives net sales from the sales of foam, rubber plastic, and tape adhesive related automotive products produced by manufacturing processes including die cutting, compression molding, thermoforming, reaction injection molding and fusion molding.
Executives
Baum Richard L Jr director 10 KINZEL LANE, WEST ORANGE NJ 07052
Susan C. Benedict director C/O STONERIDGE, INC., 39675 MACKENZIE DRIVE, SUITE 400, NOVI MI 48377
Peninsula Fund V Limited Partnership 10 percent owner 500 WOODWARD AVENUE, SUITE 2800, DETROIT MI 48226
William Cooke director 800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Patrick W Cavanagh director 800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Brian P Loftus officer: Chief Financial Officer C/O UNIQUE FABRICATING, 800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Cain Byrd Douglas Iii officer: President and CEO 2622 TWIN HILLS COURT, UNION KY 41091
Donn J Viola director C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Paul Frascoia director 800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Kim Korth director C/O IRN, INC., 2680 WALKER AVENUE, SUITE A, GRAND RAPIDS MI 49544
James Albert Illikman director 500 WOODWARD AVENUE, SUITE 2800, DETROIT MI 48226
Thomas Tekiele officer: Chief Financial Officer 800 STANDARD PARKWAY, AUBURN HILLS MI 48326
John Weinhardt director, officer: President and CEO 800 STANDARD PARKWAY, AUBURN HILLS MI 48326