Brown-Forman (Brown-Forman) Accounts Receivable : $878 Mil (As of Jan. 2024)

View and export this data going back to 1973. Start your Free Trial

What is Brown-Forman Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Brown-Forman's accounts receivables for the quarter that ended in Jan. 2024 was $878 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Brown-Forman's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 74.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Brown-Forman's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-5.25.

Brown-Forman Accounts Receivable Historical Data

The historical data trend for Brown-Forman'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.

* Premium members only.

Brown-Forman Accounts Receivable Chart

Brown-Forman Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Accounts Receivable

Get a 7-Day Free Trial

609.00

570.00

753.00

813.00

855.00

Brown-Forman Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															944.00	855.00	872.00	948.00	878.00

Brown-Forman Accounts Receivable Calculation

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

Brown-Forman 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.

Brown-Forman's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	878	/	1069	*	91
=	74.95

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

Brown-Forman's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(589	+	0.75 * 878	+	0.5 * 2529	-	4992
-	0	-	0)	/	472.524
=	-5.25

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.

Brown-Forman Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Brown-Forman's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Brown-Forman (Brown-Forman) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Brown-Forman Corp (NYSE:BF.A) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

BF.B:USA BF5A:Germany BF5B:Germany BF5B:Germany

Address

850 Dixie Highway, Louisville, KY, USA, 40210

Website

https://www.brown-forman.com

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.

Executives

De Chabert Ralph E	officer: SVP, Chief Diversity Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Augusta Brown Holland	director	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kelli Nelson	officer: SVP, Chief Accounting Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Chavanne Patrick Bousquet	director	767 FIFTH AVENUE, NEW YORK NY 10153
Matthew E Hamel	officer: EVP, Gen Counsel and Secretary	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Michael Todman	director	C/O TMA LIMITED, LLC, 500 RENAISSANCE DRIVE, SUITE 103B, ST. JOSEPH MI 49085
Matias Bentel	officer: SVP, Chief Brands Officer	850 DIXIE HWY, LOUISVILLE KY 40210
John V. Hayes	officer: SVP/President, USA & Canada	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Tracy L Skeans	director	1441 GARDINER LANE, LOUISVILLE KY 40213
Thomas Hinrichs	officer: SVP/Pres., Emerging Intl	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kirsten M Hawley	officer: SVP, Chief HR Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kathleen M. Gutmann	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Alejandro A Alvarez	officer: SVP, Chief Production Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Lawson E Whiting	director, officer: President & CEO	850 DIXIE HIGHWAY, LOUISVILLE KY 40228
John D. Cook	director	850 DIXIE HIGHWAY, LOUISVILLE KY 40210