Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FreightCar America's accounts receivables for the quarter that ended in Dec. 2023 was $6.4 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
FreightCar America's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4.62.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FreightCar America's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.10.
FreightCar America Accounts Receivable Historical Data
The historical data trend for FreightCar America'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.
FreightCar America Accounts Receivable Calculation
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
FreightCar America 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.
FreightCar America's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), FreightCar America's accounts receivable are only considered to be worth 75% of book value:
FreightCar America's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:
* 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.
FreightCar America Accounts Receivable Related Terms
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FreightCar America (FreightCar America) Business Description
FreightCar America Inc is a diversified manufacturer of railcars and railcar components in North America. The company design and manufacture a broad variety of freight cars including covered hoppers, open-top hoppers, gondolas, intermodal, and non-intermodal flat cars that transport numerous types of dry bulk and containerized freight products. Its Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing, and major railcar rebuilds and generates revenue from the same.
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