Westinghouse Air Brake Technologies (Westinghouse Air Brake Technologies) Accounts Receivable

: $1,160 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Westinghouse Air Brake Technologies's accounts receivables for the quarter that ended in Dec. 2023 was $1,160 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Westinghouse Air Brake Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 41.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Westinghouse Air Brake Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-33.01.

Westinghouse Air Brake Technologies Accounts Receivable Historical Data

The historical data trend for Westinghouse Air Brake Technologies'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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Westinghouse Air Brake Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,149.90

969.00

1,085.00

975.00

1,160.00

Westinghouse Air Brake Technologies 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															975.00	956.00	1,015.00	1,104.00	1,160.00

Westinghouse Air Brake Technologies Accounts Receivable Calculation

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

Westinghouse Air Brake Technologies 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.

Westinghouse Air Brake Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1160	/	2526	*	91
=	41.90

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

Westinghouse Air Brake Technologies'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)
=	(620	+	0.75 * 1160	+	0.5 * 2284	-	8464
-	0	-	37)	/	177.8
=	-33.01

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.

Westinghouse Air Brake Technologies Accounts Receivable Related Terms

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Westinghouse Air Brake Technologies (Westinghouse Air Brake Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westinghouse Air Brake Technologies Corp (NYSE:WAB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

WAB:Mexico WB2:Germany WB2:Germany W1AB34:Brazil

Address

30 Isabella Street, Pittsburgh, PA, USA, 15212

Website

https://www.wabteccorp.com

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment.

Executives

Kristine Kubacki	other: VP, Investor Relations	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Michael Fetsko	officer: Pres., Freight Components Grp.	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Alicia Hammersmith	officer: President - Services Group	30 ISABELLA STREET, PITTSBURGH PA 15212
Albert J Neupaver	director
William E Kassling	director	C/O WASTEC, 10001 AIR BREAK AVE, WILMERDING PA 15148
Mastalerz John A Jr	officer: VP Fin., Corp. Controller, CAO	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Linda S Harty	director	MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432
David L Deninno	officer: Exec VP, General Counsel, Sec.	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Byron S Foster	director	30 ISABELLA ST., PITTSBURGH PA 15212
Lee C Banks	director	PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44124-4141
Ann R. Klee	director	30 ISABELLA ST., PITTSBURGH PA 15212
Eric Gebhardt	officer: Chief Technology Officer	30 ISABELLA STREET, PITTSBURGH PA 15212
Gregory Sbrocco	officer: Sr. VP, Global Operations	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Lilian Leroux	officer: President, Transit Group	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
John A Olin	officer: Executive Vice President & CFO	HARLEY-DAVIDSON, INC., 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208