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Standard Motor Products (Standard Motor Products) Accounts Receivable : $204 Mil (As of Mar. 2024)


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What is Standard Motor Products Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Standard Motor Products's accounts receivables for the quarter that ended in Mar. 2024 was $204 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Standard Motor Products's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 56.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Standard Motor Products's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-12.00.


Standard Motor Products Accounts Receivable Historical Data

The historical data trend for Standard Motor Products'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.

Standard Motor Products Accounts Receivable Chart

Standard Motor Products 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 126.64 198.04 180.60 167.64 160.28

Standard Motor Products Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 210.80 218.11 208.05 160.28 203.94

Standard Motor Products Accounts Receivable Calculation

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


Standard Motor Products 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.

Standard Motor Products's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=203.94/331.403*91
=56.15

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

Standard Motor Products's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(27.113+0.75 * 203.94+0.5 * 538.709-696.44
-0-15.971)/21.9138
=-12.00

* 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.


Standard Motor Products Accounts Receivable Related Terms

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Standard Motor Products (Standard Motor Products) Business Description

Traded in Other Exchanges
Address
37-18 Northern Boulevard, Long Island City, NY, USA, 11101
Standard Motor Products Inc is a manufacturer and distributor of premium automotive parts used in the maintenance, service, and repair of vehicles in the automotive aftermarket industry. It operates into three business segments namely Engineered Solutions, Vehicle Control, and Temperature Control. The company focuses on the original equipment and original equipment services markets, with a product lineup of replacement parts for engine management ignition, emission, and fuel systems, as well as temperature-control products. The company operates majorly in the United States, with additional sales in Canada, Europe, Asia, Mexico, and other Latin American countries.
Executives
Nathan R. Iles officer: Chief Financial Officer C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Eric Sills director, officer: CEO & President 37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Ray Nicholas officer: CIO & VP IT 37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Dale Burks officer: Chief Commercial Officer & EVP 37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Carmine Joseph Broccole officer: CLO & Secretary 37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
James J Burke director, officer: Chief Operating Officer 37 18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Kristine M. Frost officer: CHRO C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Alisa C. Norris director C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Pamela Puryear director 253 DOLPHIN COVE QUAY, STAMFORD CT 06902
Alejandro C. Capparelli director C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Joseph W. Mcdonnell director C/O STANDARD MOTOR PRODUCTS, INC., 37-18 NORTHERN BLVD., LONG ISLAND CITY NY 11101
Pamela Forbes Lieberman director 3400 N.WOLF ROAD, FRANKLIN PARK IL 60131
Patrick Mcclymont director 902 BROADWAY, 20TH FLOOR, IMAX CORPORATION, NEW YORK NY 10010-6002
Thomas Tesoro officer: VP Human Resources 37-18 NORTHERN BLVD, LONG ISLAND CITY NY 11101
Peter J Sills director