International Flavors & Fragrances (WBO:IFF) Accounts Receivable : €1,819 Mil (As of Mar. 2024)

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What is International Flavors & Fragrances Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. International Flavors & Fragrances's accounts receivables for the quarter that ended in Mar. 2024 was €1,819 Mil.

Accounts receivable can be measured by Days Sales Outstanding. International Flavors & Fragrances's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 62.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. International Flavors & Fragrances's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-46.30.

International Flavors & Fragrances Accounts Receivable Historical Data

The historical data trend for International Flavors & Fragrances'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.

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International Flavors & Fragrances Accounts Receivable Chart

International Flavors & Fragrances Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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788.58

763.64

1,686.81

1,716.19

1,582.74

International Flavors & Fragrances 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															1,773.67	1,741.70	1,715.65	1,582.74	1,818.84

International Flavors & Fragrances Accounts Receivable Calculation

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

International Flavors & Fragrances 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.

International Flavors & Fragrances's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1818.84	/	2667.08	*	91
=	62.23

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

International Flavors & Fragrances'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)
=	(673.44	+	0.75 * 1818.84	+	0.5 * 2366.24	-	15010.72
-	0	-	32.2)	/	255.32
=	-46.30

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.

International Flavors & Fragrances Accounts Receivable Related Terms

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International Flavors & Fragrances (WBO:IFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » International Flavors & Fragrances Inc (WBO:IFF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

IFF:USA IFF:Germany I1FF34:Brazil I1CE34:Brazil IFF:Argentina

Address

521 West 57th Street, New York, NY, USA, 10019-2960

Website

https://www.iff.com

International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.