Crane Co (Crane Co) Accounts Receivable : $306 Mil (As of Dec. 2023)

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What is Crane Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Crane Co's accounts receivables for the quarter that ended in Dec. 2023 was $306 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Crane Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 52.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Crane Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.21.

Crane Co Accounts Receivable Historical Data

The historical data trend for Crane Co'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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Crane Co Accounts Receivable Chart

Crane Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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555.10

423.90

483.00

269.70

306.40

Crane Co 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															269.70	499.50	299.70	323.50	306.40

Crane Co Accounts Receivable Calculation

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

Crane Co 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.

Crane Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	306.4	/	532.9	*	91
=	52.47

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

Crane Co'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)
=	(329.6	+	0.75 * 306.4	+	0.5 * 353.1	-	973.3
-	0	-	2.5)	/	56.9194
=	-4.21

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.

Crane Co Accounts Receivable Related Terms

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Crane Co (Crane Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crane Co (NYSE:CR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CZN:Germany

Address

100 First Stamford Place, Stamford, CT, USA, 06902

Website

https://www.craneco.com

Crane is a diversified industrial firm that manufactures a broad range of products, including valves, pumps, aerospace components, and fiberglass-reinforced plastic panels. Its business is organized into three segments: aerospace and electronics, process flow technologies, and engineered materials. Crane generated approximately $2 billion in revenue in 2022.

Executives

Max H Mitchell	officer: President & CEO	CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Richard A Maue	director, officer: Exec. V.P., CFO & PAO	C/O PAXAR CORPORATION, 105 CORPORATE PARK DRIVE, WHITE PLAINS NY 10604
Marijane V. Papanikolaou	officer: V.P, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono	officer: SVP, CHRO	950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Fund Crane	10 percent owner	C/O CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Paul Gerard Igoe	officer: SVP, General Counsel & Sec.	LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Sanjay Kapoor	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
William K Grogan	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Bianca B. Shardelow	officer: VP, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl	director	3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Tamara S. Polmanteer	officer: Exec. Vice President & CHRO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Ronald Carter Lindsay	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tullis James L L	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Charles G Mcclure	director	55 CABOT PL, BLOOMFIELD HILLS MI 48304
Alejandro Alcala	officer: Executive Vice President	100 FIRST STAMFORD PLACE, STAMFORD CT 06902