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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Compass Minerals International's accounts receivables for the quarter that ended in Dec. 2023 was $169 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Compass Minerals International's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.02.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Compass Minerals International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-23.88.
The historical data trend for Compass Minerals International'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.
Compass Minerals International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Sep21 | Sep22 | Sep23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 223.40 | 185.10 | - | 167.20 | 129.50 |
Compass Minerals International 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 | 202.20 | 159.70 | 95.80 | 129.50 | 168.60 |
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.
Compass Minerals International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 168.6 | / | 341.7 | * | 91 |
= | 45.02 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Compass Minerals International's accounts receivable are only considered to be worth 75% of book value:
Compass Minerals International'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) | ||
= | (38.3 | + | 0.75 * 168.6 | + | 0.5 * 392.5 | - | 1345.5 |
- | 0 | - | 0) | / | 41.2219 | ||
= | -23.88 |
* 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 Compass Minerals International's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph E Reece | director | ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249 |
James D. Standen | officer: Interim CFO & Treasurer | 9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210 |
Jill V Gardiner | director | C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210 |
Shane T Wagnon | director | C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210 |
Jon A Chisholm | director | C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210 |
Km&t Investment Holdings, Llc | director, 10 percent owner | 4111 E 37TH ST N, WICHITA KS 67220 |
Koch Industries Inc | director, 10 percent owner | 4111 EAST 37TH STREET NORTH, WICHITA KS 67220 |
Melissa M Miller | director | 201 ISABELLA STREET, PITTSBURGH PA 15212 |
Kevin S Crutchfield | director, officer: President and CEO | ONE ALPHA PLACE, P.O. BOX 2345, ABINGDON VA 24212 |
Mary L Frontczak | officer: Chief Legal Officer | 9900 W 109TH STREET, SUITE 100, OVERLAND PARK KS 66210 |
Lori A Walker | director | |
Amy Yoder | director | C/O SPECTRUM BRANDS, INC., 6 CONCOURSE PARKWAY, SUITE 3300, ATLANTA GA 30328 |
Richard P Dealy | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
Edward C Dowling | director | 19 NEDS POINT ROAD, MATTAPOISETT MA 02739 |
Teresa D Cook | officer: Chief Accounting Officer | C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210 |
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