ManpowerGroup (ManpowerGroup) Accounts Receivable

: $4,830 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ManpowerGroup's accounts receivables for the quarter that ended in Dec. 2023 was $4,830 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ManpowerGroup's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 95.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ManpowerGroup's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-49.63.

ManpowerGroup Accounts Receivable Historical Data

The historical data trend for ManpowerGroup'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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ManpowerGroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

5,273.10

4,912.40

5,448.20

5,137.40

4,830.00

ManpowerGroup Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																5,137.40	4,773.20	4,995.20	4,600.20	4,830.00

ManpowerGroup Accounts Receivable Calculation

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

ManpowerGroup 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4830	/	4630.5	*	91
=	95.18

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

ManpowerGroup'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)
=	(581.3	+	0.75 * 4830	+	0.5 * 0	-	6596.1
-	0	-	10.8)	/	48.424
=	-49.63

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.

ManpowerGroup Accounts Receivable Related Terms

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ManpowerGroup (ManpowerGroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ManpowerGroup Inc (NYSE:MAN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Manpower Place, Milwaukee, WI, USA, 53212

Website

https://www.manpowergroup.com

Manpower is one of the three largest multinational firms in the fragmented and over $600 billion global staffing industry. The firm generates most of its sales outside the U.S. and boasts a vast global footprint. Its client base consists of mainly large and multinational companies, but the firm also services small and midsize businesses through its local branch network. It offers each main staffing service (temporary, permanent, and project based) across a variety of professions under its four subsidiary brands: Experis specializes in IT placements; Talent Solutions provides recruitment process outsourcing, or RPO, and outplacement services; Jefferson Wells serves finance, tax, and compliance needs; Manpower focuses on manufacturing, administrative, and assembly positions.

Executives

Donald O Mondano	officer: SVP, Global Controller	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Ulice Jr Payne	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Muriel Francoise Penicaud	director	22 PASSAGE COURTOIS, PARIS I0 75011
John T Mcginnis	officer: EVP, CFO	C/O MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Richard Buchband	officer: SVP, General Counsel	100 MANPOWER PLACE, MILWAUKEE WI 53212
Cari M Dominguez	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jean Philippe Courtois	director	MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
William P Gipson	director	1201 S 2ND STREET, MILWAUKEE WI 53204
Michelle Nettles	officer: Chief People & Culture	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Mara E Swan	officer: EVP	C/O ADOLPH COORS CO, 311 10TH ST. MH311, GOLDEN CO 80401-0030
Gina Boswell	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jonas Prising	director, officer: CEO	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Van Handel Michael J	officer: EVP, CFO	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Sriram Chandrashekar	officer: EVP	10 HOE CHIANG ROAD #21, 04/05 KEPPEL TOWERS, SINGAPORE U0 089315
William Downe	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212