Yellow (Yellow) Accounts Receivable

: $535 Mil (As of Jun. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Yellow's accounts receivables for the quarter that ended in Jun. 2023 was $535 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Yellow's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 43.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Yellow's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-39.93.

Yellow Accounts Receivable Historical Data

The historical data trend for Yellow'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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Yellow Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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470.30

464.40

505.00

663.70

599.70

Yellow Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Accounts Receivable	Get a 7-Day Free Trial															783.90	706.60	599.70	599.20	535.10

Yellow Accounts Receivable Calculation

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

Yellow 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.

Yellow's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	535.1	/	1126.8	*	91
=	43.33

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

Yellow's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(112.8	+	0.75 * 535.1	+	0.5 * 0	-	2595.4
-	0	-	0)	/	52.126
=	-39.93

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.

Yellow Accounts Receivable Related Terms

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Yellow (Yellow) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yellow Corp (OTCPK:YELLQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 Commerce Street, Suite 1120, Nashville, TN, USA, 37203

Website

https://www.myyellow.com

Yellow Corp is engaged in offering transportation services. It has a comprehensive less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. The company offers expertise in LTL shipments and flexible supply chain solutions, ensuring customers ship industrial, commercial and retail goods. Its revenue is primarily derived from transporting LTL shipments in the United States and it also offers other services such as truckload services, customer-specific logistics solutions, and other services.

Executives

Mary Nell Browning	director	2200 WILLOWICK ROAD, APT. 15C, HOUSTON TX 77027
Thomas A. Knott	director	103 GRACE HILL ROAD, NEWBURY NH 03255
Daniel L. Olivier	officer: Interim CFO	10990 ROE AVENUE, OVERLAND PARK KS 66211
Mfn Partners, Lp	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
Farhad Nanji	10 percent owner	C/O HIGHFIELDS CAPITAL MANAGEMENT LP, 200 CLARENDON STREET, BOSTON MA 02116
Mfn Partners Management, Lp	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
Michael Demichele	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
Mfn Partners Gp, Llc	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
Mfn Partners Management, Llc	10 percent owner	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116
David H. Webber	director	11500 OUTLOOK STREET, SUITE 400, OVERLAND PARK KS 66224
James E. Hoffman	director	325 INNES WAY, CEDAR RAPIDS IA 52403
Annlea Rumfola	officer: Chief Information Officer	501 COMMERCE STREET, SUITE 1120, NASHVILLE TN 37203
Shaunna D. Jones	director	10990 ROE AVENUE, OVERLAND PARK KS 66211
James R. Faught	officer: Chief Accounting Officer	10990 ROE AVENUE, OVERLAND PARK KS 66211
Javier L. Evans	director	400 RELLA BOULEVARD, MONTEBELLO NY 10901