Aircastle (Aircastle) Accounts Receivable

: $18.0 Mil (As of Dec. 2019)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aircastle's accounts receivables for the quarter that ended in Dec. 2019 was $18.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Aircastle's Days Sales Outstanding for the quarter that ended in Dec. 2019 was 6.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aircastle's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was $-79.80.

Aircastle Accounts Receivable Historical Data

The historical data trend for Aircastle'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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Aircastle Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Accounts Receivable

8.57

6.04

12.82

15.09

18.01

Aircastle Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Accounts Receivable																15.09	15.64	12.84	18.09	18.01

Aircastle Accounts Receivable Calculation

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

Aircastle 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.006	/	243.73	*	91
=	6.74

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

Aircastle'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)
=	(140.882	+	0.75 * 18.006	+	0.5 * 0	-	6149.362
-	0	-	0)	/	75.1221
=	-79.80

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.

Aircastle Accounts Receivable Related Terms

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Aircastle (Aircastle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aircastle Ltd (NYSE:AYR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Aircastle Advisor LLC, 201 Tresser Boulevard, Suite 400, Stamford, CT, USA, 06901

Website

http://www.aircastle.com

Aircastle Ltd is engaged in acquiring, leasing, and selling of commercial jet aircraft to airlines. The company has only single operating segment which is leasing, financing, selling, and managing commercial flight equipment.

Executives

Michael J Cave	director	C/O ESTERLINE TECHNOLOGIES CORP, 500 108TH AVE NE, SUITE 1500, BELLEVUE WA 98004
Douglas A Hacker	director	P O BOX 66100-WHQLD, CHICAGO IL 60666
Ronald W Allen	director	P O BOX 1734, ATLANTA GA 30301
Ronald Merriman	director	6175 NANCY RIDGE, SAN DIEGO CA 92121
Charles W. Pollard	director	50 CRESCENT AVENUE, SECOND CLIFF, SCITUATE MA 02066
Ontario Teachers Pension Plan Board	10 percent owner	5650 YONGE STREET, TORONTO A6 M2M 4H5
Peter V Ueberroth	director	CONTRARIAN GROUP INC, 1071 CAMELBACK ST, NEWPORT BEACH CA 92660
Wesley R Edens	director	1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fig Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, 46 FLOOR, NEW YORK NY 10105
Fortress Investment Group Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Fortress Operating Entity I Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fig Corp.	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Adams Joseph P. Jr.	director	C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mark S Zeidman	officer: Chief Financial Officer	1661 WORTHINGTON ROAD, SUITE 100, W PALM BEACH FL 33409
Fortress Investment Holdings Llc	10 percent owner	1251 AVENUE OF THE AMERICAS, 16TH FLOOR, NEW YORK NY 10020