Hermes International (Hermes International) Accounts Receivable : $470 Mil (As of Dec. 2023)

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What is Hermes International Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hermes International's accounts receivables for the quarter that ended in Dec. 2023 was $470 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hermes International's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 11.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hermes International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $7.20.

Hermes International Accounts Receivable Historical Data

The historical data trend for Hermes 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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Hermes International Accounts Receivable Chart

Hermes International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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353.22

304.14

376.27

405.72

470.01

Hermes International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															376.27	490.49	405.72	449.62	470.01

Hermes International Accounts Receivable Calculation

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

Hermes 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.

Hermes 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
=	470.011	/	7338.059	*	91
=	11.69

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

Hermes 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)
=	(11586.696	+	0.75 * 470.011	+	0.5 * 2632.497	-	5716.467
-	0	-	2.181)	/	1047.3
=	7.20

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.

Hermes International Accounts Receivable Related Terms

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Hermes International (Hermes International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hermes International SA (OTCPK:HESAY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HESAF:USA RMSp:UK 0HV2:UK RMS:France HMI:Germany

Address

24 rue du Faubourg Saint Honore, Paris, FRA, 75008

Website

https://www.hermes.com

Hermes is a 180-year-old family controlled luxury goods company best known for its Birkin and Kelly bags. Its biggest segments are leather goods and saddlery, accounting for around half of revenue; clothes and accessories (25% of sales); silk and textiles (7%); and other products such as perfumes, watches, jewellery, and home furnishings. Hermes has around 300 stores globally, of which it owns and operates 221.