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Compass Minerals International (Compass Minerals International) Accounts Receivable : $169 Mil (As of Dec. 2023)


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What is Compass Minerals International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Compass Minerals International's accounts receivables for the quarter that ended in Dec. 2023 was $169 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Compass Minerals International's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Compass Minerals International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-23.88.


Compass Minerals International Accounts Receivable Historical Data

The historical data trend for Compass Minerals International'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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Compass Minerals International Accounts Receivable Chart

Compass Minerals International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Sep21 Sep22 Sep23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 223.40 185.10 - 167.20 129.50

Compass Minerals International 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 202.20 159.70 95.80 129.50 168.60

Compass Minerals International Accounts Receivable Calculation

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


Compass Minerals International 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.

Compass Minerals International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=168.6/341.7*91
=45.02

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

Compass Minerals International'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)
=(38.3+0.75 * 168.6+0.5 * 392.5-1345.5
-0-0)/41.2219
=-23.88

* 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.


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.


Compass Minerals International Accounts Receivable Related Terms

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Compass Minerals International (Compass Minerals International) Business Description

Traded in Other Exchanges
Address
9900 West 109th Street, Suite 100, Overland Park, KS, USA, 66210
Compass Minerals currently produces two primary products: salt and specialty potash fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and a salt brine operation at the Great Salt Lake in Utah that produces sulfate of potash and magnesium chloride. Compass' salt products are used for deicing and also by industrial and consumer end markets. The firm's sulfate of potash is used by growers of high-value crops that are sensitive to standard potash. Compass also sells fire retardants, with its magnesium chloride-based products used to combat forest fires.
Executives
Joseph E Reece director ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249
James D. Standen officer: Interim CFO & Treasurer 9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210
Jill V Gardiner director C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210
Shane T Wagnon director C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210
Jon A Chisholm director C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210
Km&t Investment Holdings, Llc director, 10 percent owner 4111 E 37TH ST N, WICHITA KS 67220
Koch Industries Inc director, 10 percent owner 4111 EAST 37TH STREET NORTH, WICHITA KS 67220
Melissa M Miller director 201 ISABELLA STREET, PITTSBURGH PA 15212
Kevin S Crutchfield director, officer: President and CEO ONE ALPHA PLACE, P.O. BOX 2345, ABINGDON VA 24212
Mary L Frontczak officer: Chief Legal Officer 9900 W 109TH STREET, SUITE 100, OVERLAND PARK KS 66210
Lori A Walker director
Amy Yoder director C/O SPECTRUM BRANDS, INC., 6 CONCOURSE PARKWAY, SUITE 3300, ATLANTA GA 30328
Richard P Dealy director 777 HIDDEN RIDGE, IRVING TX 75038
Edward C Dowling director 19 NEDS POINT ROAD, MATTAPOISETT MA 02739
Teresa D Cook officer: Chief Accounting Officer C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210