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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Clearwater Paper's accounts receivables for the quarter that ended in Dec. 2023 was $172 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Clearwater Paper's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 30.65.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Clearwater Paper's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-40.76.
The historical data trend for Clearwater Paper'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.
Clearwater Paper Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 148.10 | 137.40 | 152.70 | 166.20 | 172.30 |
Clearwater Paper 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 | 166.20 | 174.40 | 186.20 | 163.40 | 172.30 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Clearwater Paper's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 172.3 | / | 512.9 | * | 91 |
= | 30.65 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Clearwater Paper's accounts receivable are only considered to be worth 75% of book value:
Clearwater Paper'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) | ||
= | (42 | + | 0.75 * 172.3 | + | 0.5 * 319.8 | - | 1003.1 |
- | 0 | - | 0) | / | 16.4846 | ||
= | -40.76 |
* 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.
Thank you for viewing the detailed overview of Clearwater Paper's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Sherri Baker | officer: SVP, CFO | 1070 TECHNOLOGY DRIVE, NORTH VENICE FL 34275 |
Michael S Gadd | officer: Vice President | 601 W FIRST AVE., SUITE 1600, SPOKANE WA 99201 |
Rebecca Anne Barckley | officer: VP, Controller | 414 UNION STREET, SUITE 2000, NASHVILLE TN 37219 |
Michael John Murphy | officer: Sr. VP, Finance and CFO | KAPSTONE PAPER AND PACKAGING CORPORATION, 1101 SKOKIE BLVD., STE. 300, NORTHBROOK IL 60062 |
Kari G. Moyes | officer: SVP, HR | 601 WEST RIVERSIDE AVENUE, SUITE 1100, SPOKANE WA 99201 |
Steve M Bowden | officer: Senior Vice President | 601 WEST RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201 |
Jeanne M Hillman | director | C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104 |
Michael J Urlick | officer: Sr. VP, GM, CPD | 601 W. RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201 |
Vickers Tucker Christine M. | director | 601 W RIVERSIDE AVE. SUITE 1100, SPOKANE WA 99201 |
Ann C Nelson | director | 601 W. RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201 |
Joanne P. Shufelt | officer: SVP, GM, CPD | 601 W. RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201 |
Linda K Massman | officer: Vice President | 601 W. FIRST AVE, SUITE 1600, SPOKANE WA 99201 |
John J Corkrean | director | 370 WABASHA STREET NORTH, SAINT PAUL MN 55102 |
Robert G. Hrivnak | officer: Sr. VP, Finance and CFO | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345 |
Arsen S. Kitch | officer: Vice President | 601 WEST RIVERSIDE AVE., SUITE 1100, SPOKANE WA 99201 |
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