Gorman-Rupp Co (Gorman-Rupp Co) Accounts Receivable : $94.8 Mil (As of Mar. 2024)

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What is Gorman-Rupp Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gorman-Rupp Co's accounts receivables for the quarter that ended in Mar. 2024 was $94.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gorman-Rupp Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 54.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gorman-Rupp Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-14.66.

Gorman-Rupp Co Accounts Receivable Historical Data

The historical data trend for Gorman-Rupp 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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Gorman-Rupp Co Accounts Receivable Chart

Gorman-Rupp Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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65.43

50.76

58.55

93.06

89.63

Gorman-Rupp Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															97.47	101.88	99.39	89.63	94.76

Gorman-Rupp Co Accounts Receivable Calculation

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

Gorman-Rupp 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.

Gorman-Rupp Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	94.757	/	159.268	*	91
=	54.29

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

Gorman-Rupp Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(27.772	+	0.75 * 94.757	+	0.5 * 101.053	-	533.678
-	0	-	0)	/	26.211
=	-14.66

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.

Gorman-Rupp Co Accounts Receivable Related Terms

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Gorman-Rupp Co (Gorman-Rupp Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gorman-Rupp Co (NYSE:GRC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

GO4:Germany

Address

600 South Airport Road, Mansfield, OH, USA, 44903

Website

https://www.gormanrupp.com

Gorman-Rupp Co designs, manufactures and globally sells pumps & pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating & air conditioning, military, and other liquid-handling applications. It operates in one business segment, the manufacture & sale of pumps and pump systems, and generates revenue from the same. Geographically, it generates the majority of revenue from the United States.

Executives

Charmaine R Riggins	director	6524 RESERVE PINE DRIVE, CARY NC 27519
Kenneth R Reynolds	director	1424 GREENBRIER DRIVE, MT VERNON OH 43050
Scott A King	officer: Vice President	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
M Ann Harlan	director
Jeffrey S Gorman	director, officer: President & CEO	C/O GORMAN RUPP CO, POST OFFICE BOX 1218, MANSFIELD OH 44901
Christopher H Lake	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901
D Patrick Wischmeier	officer: VP, Information Technology	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Angela M Morehead	officer: Treasurer and Asst. Secretary	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Vincent K Petrella	director
Donald H Bullock	director
Sonja K Mcclelland	director	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Ronald D Pittenger	officer: Assistant Treasurer	THE GORMAN-RUPP COMPANY, 305 BOWMAN STREET, MANSFIELD OH 44903
Barbara A Woodman	officer: VP, Human Resources	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
James Kerr	officer: Chief Financial Officer	5555 DARROW ROAD, HUDSON OH 44236
W Wayne Walston	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901