Eastman Chemical Co (Eastman Chemical Co) Accounts Receivable : $826 Mil (As of Dec. 2023)

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What is Eastman Chemical Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Eastman Chemical Co's accounts receivables for the quarter that ended in Dec. 2023 was $826 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Eastman Chemical Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 34.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Eastman Chemical Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-61.07.

Eastman Chemical Co Accounts Receivable Historical Data

The historical data trend for Eastman Chemical Co'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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Eastman Chemical Co Accounts Receivable Chart

Eastman Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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980.00

1,033.00

1,091.00

957.00

826.00

Eastman Chemical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															957.00	1,051.00	923.00	880.00	826.00

Eastman Chemical Co Accounts Receivable Calculation

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

Eastman Chemical Co 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.

Eastman Chemical 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
=	826	/	2207	*	91
=	34.15

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

Eastman Chemical Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(548	+	0.75 * 826	+	0.5 * 1683	-	9103
-	0	-	72)	/	117.344
=	-61.07

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.

Eastman Chemical Co Accounts Receivable Related Terms

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Eastman Chemical Co (Eastman Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eastman Chemical Co (NYSE:EMN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

EMN:Mexico EAC:Germany

Address

200 South Wilcox Drive, Kingsport, TN, USA, 37662

Website

https://www.eastman.com

Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.

Executives

Adrian James Holt	officer: SVP, Chf HR Ofcr	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Julie A. Mcalindon	officer: SVP SupChn,Regions&Transform	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Linnie M Haynesworth	director	214 N TRYON STREET, CHARLOTTE NC 28202
Brian Travis Smith	officer: SVP, Add & Funct Prod	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Eric L Butler	director	1400 DOUGLAS STREET, STOP 1210, OMAHA NE 68179
Mark K Cox	officer: Senior Vice President	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Christopher Moore Killian	officer: SVP & CTO	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Stephen Glenn Crawford	officer: SVP & CTO	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Michelle Renee Stewart	officer: CAO & Controller	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Brad A Lich	officer: Executive Vice President	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Mark J Costa	director, officer: Chief Executive Officer	200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660
Perry Stuckey	officer: SVP, Chf HR Ofcr	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Scott V. King	officer: VP, Finance & CAO	100 N. EASTMAN ROAD, B54, KINGSPORT TN 37660
Lucian Boldea	officer: Senior Vice President	855 S. MINT STREET, CHARLOTTE NC 28202
Vanessa Allen Sutherland	director	650 W PEACHTREE ST NW, ATLANTA GA 30308