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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.
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.
Unique Fabricating Annual Data | |||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | ||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 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 | 25.58 | 23.47 | 26.57 | 26.46 | 25.44 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Thank you for viewing the detailed overview of Unique Fabricating's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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