Sulzer AG (XSWX:SUN) Accounts Receivable : CHF541 Mil (As of Dec. 2023)

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What is Sulzer AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sulzer AG's accounts receivables for the quarter that ended in Dec. 2023 was CHF541 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sulzer AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 58.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sulzer AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was CHF-48.62.

Sulzer AG Accounts Receivable Historical Data

The historical data trend for Sulzer AG'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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Sulzer AG Accounts Receivable Chart

Sulzer AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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645.90

599.10

549.20

585.50

540.80

Sulzer AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															549.20	556.10	585.50	553.10	540.80

Sulzer AG Accounts Receivable Calculation

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

Sulzer AG 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.

Sulzer AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	540.8	/	1680.1	*	91
=	58.74

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

Sulzer AG's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(977	+	0.75 * 540.8	+	0.5 * 495.1	-	3270.9
-	0	-	3.2)	/	33.8113
=	-48.62

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.

Sulzer AG Accounts Receivable Related Terms

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Sulzer AG (XSWX:SUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sulzer AG (XSWX:SUN) » Definitions » Accounts Receivable

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SUNz:UK 0QQ9:UK

Address

Neuwiesenstrasse 15, Winterthur, CHE, 8401

Website

https://www.sulzer.com

Sulzer AG specializes in pumping solutions, rotating equipment maintenance, and mixing technology. It serves customers operating in the oil and gas, power, and water markets. Pumping solutions focus on transporting and processing oil and derivatives, treating water, and renewable power generation. In addition, the company offers solutions for turbines, compressors, motors, and other rotating components and has technicians to provide maintenance. Sulzer's business segments include Flow Equipment, Services, Chemtech, and Others which primarily serve across the globe. While most of its revenues are generated from its Flow equipment and Services segment.