Hibbett (Hibbett) Accounts Receivable : $17 Mil (As of Jan. 2024)

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What is Hibbett Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hibbett's accounts receivables for the quarter that ended in Jan. 2024 was $17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hibbett's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 3.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hibbett's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-24.10.

Hibbett Accounts Receivable Historical Data

The historical data trend for Hibbett'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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Hibbett Accounts Receivable Chart

Hibbett Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Accounts Receivable

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8.48

11.91

13.61

12.85

16.74

Hibbett Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															12.85	12.58	15.45	12.14	16.74

Hibbett Accounts Receivable Calculation

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

Hibbett 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.

Hibbett's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.743	/	466.59	*	91
=	3.27

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

Hibbett's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(21.23	+	0.75 * 16.743	+	0.5 * 344.294	-	490.197
-	0	-	0)	/	11.7941
=	-24.10

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.

Hibbett Accounts Receivable Related Terms

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Hibbett (Hibbett) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hibbett Inc (NAS:HIBB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HB6:Germany HB6:Germany

Address

2700 Milan Court, Birmingham, AL, USA, 35211

Website

https://www.hibbett.com

Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.

Executives

William G Quinn	officer: SVP Digital Commerce	2700 MILAN COURT, BIRMINGHAM AL 35211
Ronald P Blahnik	officer: SVP and CIO	2700 MILAN COURT, BIRMINGHAM AL 35211
Mark Anthony Gunn	officer: SVP, CHRO	2700 MILAN COURT, BIRMINGHAM AL 35211
David Mitchell Benck	officer: SVP General Counsel	2700 MILAN COURT, BIRMINGHAM AL 35211
James A Hilt	director	1 EXPRESS DRIVE, COLUMBUS OH 43230
Dorlisa K Flur	director	POST OFFICE BOX 1017, CHARLOTTE NC 28201-1017
Pamela J Edwards	director	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Ramesh Chikkala	director	2700 MILAN COURT, BIRMINGHAM AL 35211
Jonalin S. Smith	other: SVP Merchandising	2700 MILAN COURT, BIRMINGHAM AL 35211
Michael C. Mcabee	other: SVP Supply Chain, Store Dev	2700 MILAN COURT, BIRMINGHAM AL 35211
Anthony F Crudele	director	TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Michael E Longo	director, officer: President and CEO
Alton E Yother	director
Benjamin Ashley Knighten	officer: SVP Operations	2700 MILAN COURT, BIRMINGHAM AL 35211
Linda Hubbard	director	2700 MILAN COURT, BIRMINGHAM AL 35211