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Huntington Ingalls Industries (BSP:H1II34) Accounts Receivable : R$3,575 Mil (As of Mar. 2024)


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What is Huntington Ingalls Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Huntington Ingalls Industries's accounts receivables for the quarter that ended in Mar. 2024 was R$3,575 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Huntington Ingalls Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 23.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Huntington Ingalls Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was R$-10.60.


Huntington Ingalls Industries Accounts Receivable Historical Data

The historical data trend for Huntington Ingalls Industries'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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Huntington Ingalls Industries Accounts Receivable Chart

Huntington Ingalls Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,305.23 2,042.45 2,448.57 3,336.07 2,258.81

Huntington Ingalls Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,932.49 3,815.01 3,447.21 2,258.81 3,575.50

Huntington Ingalls Industries Accounts Receivable Calculation

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


Huntington Ingalls Industries 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.

Huntington Ingalls Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3575.496/13968.339*91
=23.36

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

Huntington Ingalls Industries'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)
=(49.798+0.75 * 3575.496+0.5 * 990.98-35062.772
-0-0)/3002.73
=-10.60

* 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.


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.


Huntington Ingalls Industries Accounts Receivable Related Terms

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Huntington Ingalls Industries (BSP:H1II34) Business Description

Traded in Other Exchanges
Address
4101 Washington Avenue, Newport News, VA, USA, 23607
Huntington Ingalls Industries is the largest independent military shipbuilder in the U.S., spun off of Northrop Grumman in 2011. It operates three segments, two of which are historied shipyards: Ingalls produces non-nuclear-powered ships including amphibious landing ships and Arleigh Burke-class destroyers while Newport News produces nuclear-powered ships as the only producer of Gerald Ford-class aircraft carriers and a major subcontractor on Virginia and Columbia-class nuclear submarines. Huntington Ingalls shares production of destroyers and nuclear submarines with General Dynamics' Bath Iron Works and Electric Boat shipyards, respectively. The company's Mission Technologies segment produces uncrewed sea vessels and provides a range of IT and other services to U.S. government agencies.

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