Compagnie Financiere Richemont (Compagnie Financiere Richemont) Accounts Receivable : $2,067 Mil (As of Sep. 2023)

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What is Compagnie Financiere Richemont Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Compagnie Financiere Richemont's accounts receivables for the quarter that ended in Sep. 2023 was $2,067 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Compagnie Financiere Richemont's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 34.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Compagnie Financiere Richemont's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $0.22.

Compagnie Financiere Richemont Accounts Receivable Historical Data

The historical data trend for Compagnie Financiere Richemont'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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Compagnie Financiere Richemont Accounts Receivable Chart

Compagnie Financiere Richemont Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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774.01

555.80

759.52

807.27

912.21

Compagnie Financiere Richemont Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															1,842.35	807.27	1,797.03	912.21	2,067.24

Compagnie Financiere Richemont Accounts Receivable Calculation

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

Compagnie Financiere Richemont 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.

Compagnie Financiere Richemont's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2067.236	/	10908.218	*	91
=	34.59

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

Compagnie Financiere Richemont's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(19017.076	+	0.75 * 2067.236	+	0.5 * 8235.859	-	23363.927
-	0	-	58.698)	/	5873.4
=	0.22

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.

Compagnie Financiere Richemont Accounts Receivable Related Terms

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Compagnie Financiere Richemont (Compagnie Financiere Richemont) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Compagnie Financiere Richemont SA (OTCPK:CFRUY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CFR:South Africa CFRHF:USA CFRI:Mexico CFRz:UK 0QMU:UK RIT1:Germany CFR:Switzerland

Address

50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293

Website

https://www.richemont.com

Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up 85% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 67% of revenue and over 86% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc.