The Hershey Co (The Hershey Co) Change In Receivables

: $-102 Mil (TTM As of Dec. 2023)

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The Hershey Co's change in receivables for the quarter that ended in Dec. 2023 was $308 Mil. It means The Hershey Co's Accounts Receivable declined by $308 Mil from Sep. 2023 to Dec. 2023 .

The Hershey Co's change in receivables for the fiscal year that ended in Dec. 2023 was $-102 Mil. It means The Hershey Co's Accounts Receivable increased by $102 Mil from Dec. 2022 to Dec. 2023 .

The Hershey Co's Accounts Receivable for the quarter that ended in Dec. 2023 was $824 Mil.

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 Receivable are being managed. The Hershey Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 28.28.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. The Hershey Co's liquidation value for the three months ended in Dec. 2023 was $-6,114 Mil.

The Hershey Co Change In Receivables Historical Data

The historical data trend for The Hershey Co's Change In Receivables 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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The Hershey Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

40.25

-55.54

-14.64

-38.17

-102.08

The Hershey Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables																220.90	-140.96	97.46	-366.19	307.61

The Hershey Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-102 Mil.

The Hershey Co (NYSE:HSY) Change In Receivables 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 Receivable are being managed.

The Hershey Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	823.617	/	2657.111	*	91
=	28.28

2. In Ben Graham's calculation of liquidation value, The Hershey Co's accounts receivable are only considered to be worth 75% of book value:

The Hershey Co's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	401.902	-	7803.855	+	0.75 * 823.617	+	0.5 * 1340.996
=	-6,114

The Hershey Co Change In Receivables Related Terms

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The Hershey Co (The Hershey Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Hershey Co (NYSE:HSY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

HSY:Mexico HSY:Germany HSY:Germany HSY:Germany HSHY34:Brazil HSY:Austria

Address

19 East Chocolate Avenue, Hershey, PA, USA, 17033

Website

https://www.thehersheycompany.com

Hershey is a leading confectionery manufacturer in the U.S. (around a $25 billion market), controlling around 45% of the domestic chocolate space (per IRI, as cited by Hershey). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the U.S., including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.

Executives

Charles R Raup	officer: President, U.S.	19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Steven E Voskuil	officer: SVP, Chief Financial Officer	5405 WINDWARD PARKWAY, ALPHARETTA GA 30004
Deepak Bhatia	officer: SVP, Chief Technology Officer	THE HERSHEY COMPANY, 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Pamela M Arway	director	601 HAWAII ST., EL SEGUNDO CA 90245
Michele Buck	officer: SVP, Pres. US Snacks	THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17033
Hershey Trust Co Trustee In Trust For Milton Hershey School	10 percent owner	100 MANSION ROAD EAST, P O BOX 445, HERSHEY PA 17033
Jason Reiman	officer: SVP Chief Supply Chain Officer	THE HERSHEY COMPANY, 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Maria T Kraus	director	THE HERSHEY COMPANY, 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Rohit Grover	officer: President, International	THE HERSHEY COMPANY, 19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Jennifer Mccalman	officer: Chief Accounting Officer	19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Robert Malcolm	director	C/O LOGITECH INTERNATIONAL S.A., RUE DU SABLON 2-4, MORGES V8 1110
Anthony J. Palmer	director	P.O. BOX 619100, DALLAS TX 75261-9100
Hershey Trust Co	10 percent owner	100 MANSION ROAD EAST, HERSHEY PA 17033
Christopher M Scalia	officer: SVP, CHRO	19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033
Kristen J Riggs	officer: SVP, Chief Growth Officer	19 EAST CHOCOLATE AVENUE, HERSHEY PA 17033