Morrison (Wm) Supermarkets (Morrison (Wm) Supermarkets) Accounts Receivable : $559 Mil (As of Jul. 2021)

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What is Morrison (Wm) Supermarkets Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Morrison (Wm) Supermarkets's accounts receivables for the quarter that ended in Jul. 2021 was $559 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Morrison (Wm) Supermarkets's Days Sales Outstanding for the quarter that ended in Jul. 2021 was 8.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Morrison (Wm) Supermarkets's Net-Net Working Capital per share for the quarter that ended in Jul. 2021 was $-17.45.

Morrison (Wm) Supermarkets Accounts Receivable Historical Data

The historical data trend for Morrison (Wm) Supermarkets'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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Morrison (Wm) Supermarkets Accounts Receivable Chart

Morrison (Wm) Supermarkets Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Accounts Receivable

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169.35

341.63

251.61

269.28

259.21

Morrison (Wm) Supermarkets Semi-Annual Data
	Jan12	Jul12	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21
Accounts Receivable	Get a 7-Day Free Trial															424.66	269.28	463.79	259.21	559.39

Morrison (Wm) Supermarkets Accounts Receivable Calculation

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

Morrison (Wm) Supermarkets 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.

Morrison (Wm) Supermarkets's Days Sales Outstanding for the quarter that ended in Jul. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	559.392	/	12505.525	*	91
=	8.16

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

Morrison (Wm) Supermarkets's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2021 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)
=	(378.453	+	0.75 * 559.392	+	0.5 * 1020.718	-	9747.238
-	0	-	0)	/	483.663
=	-17.45

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.

Morrison (Wm) Supermarkets Accounts Receivable Related Terms

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Morrison (Wm) Supermarkets (Morrison (Wm) Supermarkets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Morrison (Wm) Supermarkets PLC (OTCPK:MRWSY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gain Lane, Hilmore House, Bradford, West Yorkshire, GBR, BD3 7DL

Website

https://www.morrisons.com

Founded by William Morrison in 1899, Wm Morrison Supermarkets is the U.K.'s fourth- largest grocery chain, with a market share of around 10%. The 2004 takeover of rival Safeway transformed the firm in terms of scale and gave it a significant presence outside its base in Northern England. The company operates about 500 stores, entirely in the United Kingdom. Morrisons has an online presence via a partnership with Ocado and Amazon and has lately been trying to expand its wholesale channel with new agreements (McColl's).