Matson (Matson) Accounts Receivable

: $279 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. Matson's accounts receivables for the quarter that ended in Dec. 2023 was $279 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Matson's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 32.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Matson's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-45.07.

Matson Accounts Receivable Historical Data

The historical data trend for Matson'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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Matson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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205.90

253.40

343.70

268.50

279.40

Matson 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															268.50	283.00	285.00	305.20	279.40

Matson Accounts Receivable Calculation

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

Matson 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	279.4	/	788.9	*	91
=	32.32

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

Matson'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)
=	(134	+	0.75 * 279.4	+	0.5 * 0	-	1893.9
-	0	-	0)	/	34.4
=	-45.07

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.

Matson Accounts Receivable Related Terms

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Matson (Matson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Matson Inc (NYSE:MATX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

68M:Germany

Address

1411 Sand Island Parkway, Honolulu, HI, USA, 96819

Website

https://www.matson.com

Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are ocean transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and logistics which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from ocean transportation.

Executives

Grace M Cerocke	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Richard S Kinney	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Laura L Rascon	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Christopher A Scott	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Angoco Vic S Jr	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Matthew J Cox	officer: CFO of wholly-owned subsidiary	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Kuuhaku T Park	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Peter T Heilmann	officer: SVP & Chief Legal Officer	555 12TH STREET, OAKLAND CA 94607
Leonard P Isotoff	officer: Senior Vice President	1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Mark H Fukunaga	director	MATSON, INC., 1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
John P Lauer	officer: Senior Vice President	555 12TH STREET, OAKLAND CA 94607
Kevin L Stuck	officer: VP and Controller	426 N. 44TH STREET, 2ND FL., PHOENIX AZ 85008
Rusty K Rolfe	officer: Senior Vice President, other: President of Matson Logistics	1855 GATEWAY BOULEVARD, CONCORD CA 94520
Jenai S Wall	director	999 BISHOP STREET, HONOLULU HI 96813
Thomas B Fargo	director	P.O. BOX 730, HONOLULU HI 96808