Hennes & Mauritz AB (Hennes & Mauritz AB) Accounts Receivable : $1,574 Mil (As of Feb. 2024)

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What is Hennes & Mauritz AB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hennes & Mauritz AB's accounts receivables for the quarter that ended in Feb. 2024 was $1,574 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hennes & Mauritz AB's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 27.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hennes & Mauritz AB's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-0.90.

Hennes & Mauritz AB Accounts Receivable Historical Data

The historical data trend for Hennes & Mauritz AB'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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Hennes & Mauritz AB Accounts Receivable Chart

Hennes & Mauritz AB Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Accounts Receivable

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609.98

356.48

347.47

281.58

309.39

Hennes & Mauritz AB Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable	Get a 7-Day Free Trial															1,467.39	1,740.68	1,666.90	309.39	1,574.44

Hennes & Mauritz AB Accounts Receivable Calculation

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

Hennes & Mauritz AB 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.

Hennes & Mauritz AB's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1574.435	/	5147.316	*	91
=	27.91

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

Hennes & Mauritz AB's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 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)
=	(1997.008	+	0.75 * 1574.435	+	0.5 * 3609.038	-	12188.057
-	0	-	8.919)	/	8053.67
=	-0.90

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.

Hennes & Mauritz AB Accounts Receivable Related Terms

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Hennes & Mauritz AB (Hennes & Mauritz AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hennes & Mauritz AB (OTCPK:HNNMY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

HMRZF:USA HM B:Sweden HMBs:UK 0HBP:UK HMSA:Germany HMSB:Germany HMSB:Germany HMSB:Germany HMSB:Germany

Address

Master Samuelsgatan 46A, Stockholm, SWE, SE-106 38

Website

https://www.hmgroup.com

Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue, but the newer brands (COS, &Other Stories, Monki, Weekday, and newly launched Arket) are growing a bit faster. H&M commands low-single-digit market share in a fragmented global apparel market. Just under 70% of revenue is generated in Europe and Africa, 14% in Asia and Oceania, and 23% in North and South America. The company operates around 4,400 stores globally of which 3,947 are H&M-brand stores.

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