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Primo Water (Primo Water) Accounts Receivable : $146 Mil (As of Dec. 2023)


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What is Primo Water Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Primo Water's accounts receivables for the quarter that ended in Dec. 2023 was $146 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Primo Water's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1,335.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Primo Water's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-9.03.


Primo Water Accounts Receivable Historical Data

The historical data trend for Primo Water'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.

* Premium members only.

Primo Water Accounts Receivable Chart

Primo Water Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 201.10 205.80 241.10 156.60 146.40

Primo Water 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 156.60 263.30 293.20 277.50 146.40

Primo Water Accounts Receivable Calculation

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


Primo Water 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=146.4/10*91
=1,335.90

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

Primo Water'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)
=(507.9+0.75 * 146.4+0.5 * 47.3-2081.7
-0-0)/159.481
=-9.03

* 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.


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.


Primo Water Accounts Receivable Related Terms

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Primo Water (Primo Water) Business Description

Traded in Other Exchanges
Address
1200 Britannia Road East, Mississauga, ON, CAN, L4W 4T5
Primo Water is a pure-play water provider with a variety of products and services, including water delivery, exchange, refill/filtration, and water dispensers in 21 countries, mostly in North America and Europe. The firm usually initiates the customer relationship with the sale of water dispensers, and then generates recurring revenue via the water direct and exchange services (two thirds of total sales) by delivering large-format (typically three gallons or greater) water bottles to residential and commercial customers for use atop or inside the dispensers. Primo generates 75% of revenue and all its profits in North America, while its European operation has yet to turn a profit.
Executives
Mercedes Romero officer: Chief Procurement Officer 4221 WEST BOY SCOUT BOULEVARD, TAMPA FL 33607
Britta Bomhard director 500 CHARLES EWING BLVD, EWING NJ 08628
Derek R. Lewis director 1150 ASSEMBLY DR., SUITE 800, TAMPA FL 33607-4853
Lori Tauber Marcus director C/O THE CHILDREN'S PLACE, 500 PLAZA DRIVE, SECAUCUS NJ 07094
Archana Singh director 111 RIVER STREET, HOBOKEN NJ 08559
Steven P Stanbrook director 1525 HOWE ST, RACINE WI 53403
Billy D Prim director 101 NORTH CHERRY STREET, SUITE 501, WINSTON SALEM NC 27101
Susan E. Cates director 101 NORTH CHERRY STREET, SUITE 501, WINSTON-SALEM NC 27101
Eric J Foss director
Thomas Harrington officer: Chief Executive Officer 5519 IDLEWILD AVENUE, TAMPA FL 33634
William Alan Jamieson officer: Global CIO 4221 WEST BOY SCOUT BOULEVARD, TAMPA FL 33607
David W. Hass officer: Chief Financial Officer 101 NORTH CHERRY STREET, SUITE 501, WINSTON-SALEM NC 27101
Jason R Ausher officer: Chief Accounting Officer 110 CORPORATE DRIVE, SUITE 10, PORTSMOUTH NH 03801
Anne Melaragni officer: Chief Human Resources Officer 4221 WEST BOY SCOUT BOULEVARD, TAMPA FL 33607
Marni Morgan Poe officer: Chief Legal Officer/Secretary 5519 W. IDLEWILD AVENUE, TAMPA FL 33634