Cal-Maine Foods (Cal-Maine Foods) Accounts Receivable : $213 Mil (As of Feb. 2024)

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Cal-Maine Foods Accounts Receivable Definition

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cal-Maine Foods's accounts receivables for the quarter that ended in Feb. 2024 was $213 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cal-Maine Foods's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 27.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cal-Maine Foods's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $11.81.

Cal-Maine Foods Accounts Receivable Historical Data

The historical data trend for Cal-Maine Foods'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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Cal-Maine Foods Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Receivable

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57.06

84.98

79.07

169.11

110.98

Cal-Maine Foods Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable	Get a 7-Day Free Trial															206.92	110.98	125.36	165.39	212.85

Cal-Maine Foods Accounts Receivable Calculation

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

Cal-Maine Foods 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.

Cal-Maine Foods's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	212.851	/	703.076	*	91
=	27.63

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

Cal-Maine Foods's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(694.843	+	0.75 * 212.851	+	0.5 * 269.244	-	412.57
-	0	-	-2.793)	/	49.0386
=	11.81

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.

Cal-Maine Foods Accounts Receivable Related Terms

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Cal-Maine Foods (Cal-Maine Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cal-Maine Foods Inc (NAS:CALM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CM2:Germany CM2:Germany

Address

1052 Highland Colony Parkway, Suite 200, Ridgeland, MS, USA, 39157

Website

https://www.calmainefoods.com

Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.

Executives

Charles Jeff Hardin	officer: Vice President Marketing	3650 GUENTHER ROAD, LAGRANGE TX 78945
Michael Todd Walters	officer: COO	1052 HIGHLAND COLONY PKWY, RIDGELAND MS 39157
Letitia Callender Hughes	director	48 AVERY CIRCLE, JACKSON MS 39211
James E Poole	director	PO BOX 5167, JACKSON MS 39296
Matthew Samuel Glover	officer: Vice President - Accounting	1052 HIGHLAND COLONY PKWY, RIDGELAND MS 39157
Camille S Young	director	2992 WEST BEACH BLVD, GULFPORT MS 39501
Adolphus B Baker	director, 10 percent owner, officer: Chairman, President & CEO	P. O. BOX 2960, JACKSON MS 39207
Jean Morris Adams	10 percent owner	312 VIEWPOINTE PLACE, CLINTON MS 39056
Holladay Robert L Jr	officer: VP - General Counsel	3320 W. WOODROW WILSON AVE, JACKSON MS 39209
Max P Bowman	director, officer: Vice President, CFO, Sec/Treas	3320 W. WOODROW WILSON AVE., JACKSON MS 39209
Dlnl, Llc	10 percent owner	3320 W. WOODROW WILSON AVE., JACKSON MS 39209
Adams Fred R Jr	10 percent owner	C/O CM FOODS, PO BOX 2960, JACKSON MS 39207
Steve W Sanders	director	2 OAKLEIGH PLACE, JACKSON MS 39211
Michael D Castleberry	officer: Vice President, Controller	3320 W. WOODROW WILSON AVE, JACKSON MS 39209
Timothy A Dawson	director, officer: Vice President, CFO, Sec/Treas	CAL-MAINE FOODS, INC., PO BOX 2960, JACKSON MS 39207