Adams Resources & Energy (Adams Resources & Energy) Accounts Receivable : $164 Mil (As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

What is Adams Resources & Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Adams Resources & Energy's accounts receivables for the quarter that ended in Dec. 2023 was $164 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Adams Resources & Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 21.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Adams Resources & Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-40.13.

Adams Resources & Energy Accounts Receivable Historical Data

The historical data trend for Adams Resources & Energy'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.

Adams Resources & Energy Accounts Receivable Chart

Adams Resources & Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

94.53

99.80

137.79

189.04

164.30

Adams Resources & Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															189.04	158.13	158.43	219.26	164.30

Adams Resources & Energy Accounts Receivable Calculation

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

Adams Resources & Energy 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.

Adams Resources & Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	164.295	/	709.751	*	91
=	21.12

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

Adams Resources & Energy'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)
=	(33.256	+	0.75 * 164.295	+	0.5 * 19.827	-	268.618
-	0	-	0)	/	2.54715
=	-40.13

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.

Adams Resources & Energy Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Adams Resources & Energy's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Adams Resources & Energy (Adams Resources & Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Adams Resources & Energy Inc (AMEX:AE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

5QT:Germany

Address

17 South Briar Hollow Lane, Suite 100, Houston, TX, USA, 77027

Website

https://www.adamsresources.com

Adams Resources & Energy Inc is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals and dry bulk, and oil and gas exploration and production. The company operates through four business segments: Crude oil marketing segment offers crude oil marketing, transportation, and storage; Transportation segment includes tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; Pipeline and storage segment includes pipeline transportation, terminalling, and storage of crude oil; and Logistics and repurposing segment offers interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, crude oil, and other chemicals.

Executives

Leggio Michael F Iii	officer: Chief Operating Officer	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Dennis E. Dominic	director	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Townes G. Pressler	officer: Executive Chairman	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Tracy E Ohmart	officer: EVP, CFO	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Kevin J. Roycraft	officer: President, Service Transport	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Wade M Harrison	officer: President, Service Transport	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, HOUSTON TX 77027
Trey T Bosard	officer: President, Phoenix Oil, Inc.	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Niemann John O. Jr.	director	1415 LOUISIANA ST., STE. 4100, HOUSTON TX 77002
Murray E Brasseux	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
William R Scofield	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Greg L Mills	officer: President, GulfMark Energy	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Michelle A Earley	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Geoffrey Griffith	officer: President, GulfMark Energy	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Larry E Bell	director	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Richard C Jenner	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027