Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Accounts Receivable : $4.28 Mil (As of Dec. 2023)

View and export this data going back to 1979. Start your Free Trial

What is Chicago Rivet & Machine Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Chicago Rivet & Machine Co's accounts receivables for the quarter that ended in Dec. 2023 was $4.28 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Chicago Rivet & Machine Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 57.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Chicago Rivet & Machine Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $8.45.

Chicago Rivet & Machine Co Accounts Receivable Historical Data

The historical data trend for Chicago Rivet & Machine 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.

* Premium members only.

Chicago Rivet & Machine Co Accounts Receivable Chart

Chicago Rivet & Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

4.61

5.16

5.65

4.98

4.28

Chicago Rivet & Machine Co 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															4.98	6.17	5.90	5.81	4.28

Chicago Rivet & Machine Co Accounts Receivable Calculation

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

Chicago Rivet & Machine 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.

Chicago Rivet & Machine Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.276	/	6.781	*	91
=	57.54

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

Chicago Rivet & Machine Co'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)
=	(3.158	+	0.75 * 4.276	+	0.5 * 7.328	-	1.864
-	0	-	0)	/	0.96613
=	8.45

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.

Chicago Rivet & Machine Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Chicago Rivet & Machine Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chicago Rivet & Machine Co (AMEX:CVR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Frontenac Road, Naperville, IL, USA, 60563

Website

https://www.chicagorivet.com

Chicago Rivet & Machine Co is in the fastener industry in North America. The company operates in two segments namely fasteners and assembly equipment. Its fastener segment consists of the manufacture and sale of rivets, cold-formed fasteners, parts, and screw machine products. The assembly equipment segment consists mainly of the manufacture of automatic rivet setting machines, automatic assembly equipment, and parts and tools for such machines. The majority of revenue is from the fastener segment. Geographically, the majority is from the United States.

Executives

Gregory D Rizzo	officer: Chief Executive Officer	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Morrissey Walter W Jr	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Patricia M Miller	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
James W Morrissey	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kurt Moders	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
John C Osterman	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
John L Showel	director	440 S. LASALLE STREET, SUITE 2118, CHICAGO IL 60605
Michael J Bourg	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kent H Cooney	director	11203 COUNTRY CLUB ROAD, WOODSTOCK IL 60098
Labold Jack J Jr	other: Sales Manager	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Divane William T Jr	director	2424 NORTH 25TH AVENUE, FRANKLIN PARK IL 60131
George P Lynch	director	3030 WARRENVILLE ROAD, SUITE 215, LISLE IL 60532