Moog (MOG.B) Accounts Receivable : $370 Mil (As of Dec. 2023)

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What is Moog Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Moog's accounts receivables for the quarter that ended in Dec. 2023 was $370 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Moog's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 39.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Moog's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-46.48.

Moog Accounts Receivable Historical Data

The historical data trend for Moog'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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Moog Accounts Receivable Chart

Moog Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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477.15

363.09

395.67

363.14

426.80

Moog 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															399.71	382.11	433.53	426.80	369.85

Moog Accounts Receivable Calculation

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

Moog 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	369.853	/	856.85	*	91
=	39.39

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

Moog'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)
=	(126.398	+	0.75 * 369.853	+	0.5 * 788.04	-	2280.738
-	0	-	0)	/	31.9051
=	-46.48

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.

Moog Accounts Receivable Related Terms

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Moog (MOG.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Moog Inc (NYSE:MOG.B) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

MOG.A:USA MO7R:Germany MO7A:Germany MO7A:Germany

Address

400 Jamison Road, East Aurora, New York, NY, USA, 14052-0018

Website

https://www.moog.com

Moog Inc is a manufacturer of precision motion and fluid controls systems for the aerospace and defense markets. It has a diversified product range and operates in three segments: Aircraft Controls, Space and Defense Controls, and Industrial Systems. The company has a wide sales and marketing reach with sales staff being the main contact with customers. Additionally, it will use manufacturers' representatives and distributors to market in certain segments. Sales under United States government contracts represent approximately one third of total revenue. Although over half of total sales originate in the United States, the company serves many European and Asian nations.