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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Darling Ingredients's accounts receivables for the quarter that ended in Mar. 2024 was $624 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Darling Ingredients's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 40.09.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Darling Ingredients's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-33.75.
The historical data trend for Darling Ingredients'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.
Darling Ingredients Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 406.34 | 405.39 | 469.09 | 676.57 | 798.29 |
Darling Ingredients Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 750.99 | 746.64 | 735.58 | 798.29 | 623.94 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Darling Ingredients's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 623.936 | / | 1420.299 | * | 91 |
= | 40.09 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Darling Ingredients's accounts receivable are only considered to be worth 75% of book value:
Darling Ingredients's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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) | ||
= | (145.473 | + | 0.75 * 623.936 | + | 0.5 * 687.485 | - | 6259.779 |
- | 0 | - | 89.861) | / | 159.78 | ||
= | -33.75 |
* 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.
Thank you for viewing the detailed overview of Darling Ingredients's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Manzi | officer: Chief Accounting Officer | 5601 N. MACARTHUR BLVD., IRVING TX 75038 |
Robert W Day | officer: EVP Chief Strategy Officer | 5601 N. MACARTHUR BLVD, IRVING TX 75038 |
Matthew J Jansen | officer: COO North America | C/O DARLING INGREDIENTS INC., 5601 N. MACARTHUR BLVD, IRVING TX 75038 |
Patrick Mcnutt | officer: EVP Chief Admin Officer | 5601 N. MACARTHUR BLVD, IRVING TX 75038 |
Charles L Adair | director | 251 O'CONNOR RIDGE BLVD., SUITE 300, IRVING TX 75038 |
John Bullock | officer: EVP Chief Strategy Officer | 251 O'CONNOR RIDGE BLVD., SUITE 300, IRVING TX 75038 |
Randall C Stuewe | director, officer: Chairman and CEO | |
Van Der Velden Jan | officer: EVP Int Rendering&Specialties | 251 O'CONNOR RIDGE BLVD, SUITE 300, IRVING TX 75038 |
Gary W. Mize | director | GEVO, INC., 345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112 |
Brandon Lairmore | officer: EVP US Rendering Operations | 4221 E. ALEXANDRIA PIKE, COLD SPRING KY 41076 |
Larry Barden | director | 5601 N. MACARTHUR BLVD, IRVING TX 75038 |
Enderson Guimaraes | director | PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577 |
Celeste A. Clark | director | C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242 |
Kurt Stoffel | director | 5601 N. MACARTHUR BLVD, IRVING TX 75038 |
Elizabeth Albright | director | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19898 |
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