AK Steel Holding (AK Steel Holding) Accounts Receivable : $578 Mil (As of Dec. 2019)

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What is AK Steel Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AK Steel Holding's accounts receivables for the quarter that ended in Dec. 2019 was $578 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AK Steel Holding's Days Sales Outstanding for the quarter that ended in Dec. 2019 was 36.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AK Steel Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was $-10.43.

AK Steel Holding Accounts Receivable Historical Data

The historical data trend for AK Steel Holding'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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AK Steel Holding Accounts Receivable Chart

AK Steel Holding Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Accounts Receivable

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444.90

442.00

517.80

635.80

577.90

AK Steel Holding Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Accounts Receivable	Get a 7-Day Free Trial															635.80	720.60	675.20	624.40	577.90

AK Steel Holding Accounts Receivable Calculation

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

AK Steel Holding 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.

AK Steel Holding's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	577.9	/	1445.7	*	91
=	36.48

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

AK Steel Holding's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 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)
=	(31	+	0.75 * 577.9	+	0.5 * 1346.2	-	4113.3
-	0	-	325.8)	/	316.401
=	-10.43

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.

AK Steel Holding Accounts Receivable Related Terms

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AK Steel Holding (AK Steel Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » AK Steel Holding Corp (NYSE:AKS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9227 Centre Pointe Drive, West Chester, OH, USA, 45069

Website

http://www.aksteel.com

AK Steel's operations consist of steelmaking and finishing plants in Indiana, Kentucky, Michigan, Ohio, and Pennsylvania, in the United States. The company manufactures flat-rolled, carbon, electrical, and stainless steel, as well as tubular products for the automotive, construction, appliance, and machinery end markets.

Executives

Dennis C Cuneo	director	9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Sheri H. Edison	director	1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006
Gregory B Kenny	director	4 TESSENEER DR, HIGHLAND HEIGHTS KY 41076
Roger K Newport	director, officer: Chief Executive Officer	703 CURTIS STREET, MIDDLETOWN OH 45043
Arlene M Yocum	director	99 PINE STREET, ALBANY NY 12207
Michael Ralph S Iii	director, other: Chairman of the Board
Dwayne Andree Wilson	director	6700 LAS COLINAS BOULEVARD, IRVING TX 75039
William K Gerber	director	999 WEST BIG BEAVER ROAD, TROY MI 48084
Jaime Vasquez	officer: VP Finance and CFO	9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Robert H Jenkins	director	PO BOX 7003, ROCKFORD IL 61125-7003
John S Brinzo	director	1100 SUPERIOR AVE, CLEVELAND OH 44114
Richard A Abdoo	director	N93 W14475 WHITTAKER WAY, MENOMONEE FALLS WI 53051
James L Wainscott	director, other: Chairman of the Board	C/O AK STEEL HOLDING CORP, 9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Shirley D Peterson	director	C/O AK STEEL HOLDING CORP., 9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Bonnie Guiton Hill	director	1721 FIRST STREET, SAN JOSE CA 95112