Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SpartanNash Co's accounts receivables for the quarter that ended in Dec. 2023 was $379 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
SpartanNash Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 15.41.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SpartanNash Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-28.53.
SpartanNash Co Accounts Receivable Historical Data
The historical data trend for SpartanNash Co'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
SpartanNash Co 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.
SpartanNash Co'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), SpartanNash Co's accounts receivable are only considered to be worth 75% of book value:
SpartanNash Co'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.
SpartanNash Co Accounts Receivable Related Terms
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SpartanNash Co (SpartanNash Co) Business Description
SpartanNash Co is a food solutions company that delivers the ingredients for a better life. The company operates in two segments: Retail and Wholesale. The Company's Wholesale segment uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the Company's corporate owned retail stores. Majority of the revenue is earned from wholesale segment.
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