TechnipFMC (TechnipFMC) Accounts Receivable

: $1,138 Mil (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TechnipFMC's accounts receivables for the quarter that ended in Dec. 2023 was $1,138 Mil.

Accounts receivable can be measured by Days Sales Outstanding. TechnipFMC's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 49.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. TechnipFMC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-9.60.

TechnipFMC Accounts Receivable Historical Data

The historical data trend for TechnipFMC'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.

TechnipFMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2,287.10

987.70

911.90

966.50

1,138.10

TechnipFMC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																966.50	1,129.50	1,206.20	1,324.40	1,138.10

TechnipFMC Accounts Receivable Calculation

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

TechnipFMC 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.

TechnipFMC's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1138.1	/	2077.7	*	91
=	49.98

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

TechnipFMC'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)
=	(962.1	+	0.75 * 1138.1	+	0.5 * 1100.3	-	6484.5
-	0	-	35.4)	/	432.9
=	-9.60

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.

TechnipFMC Accounts Receivable Related Terms

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

TechnipFMC (TechnipFMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TechnipFMC PLC (NYSE:FTI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

1T1:Germany 1T1:Germany T1EC34:Brazil FTI:Austria

Address

13460 Lockwood Road, Houston, TX, USA, 77044

Website

https://www.technipfmc.com

TechnipFMC is the largest pure-play offshore service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.

Executives

Cristina Aalders	officer: EVP, Chief Legal Officer & Sec	ONE SUBSEA LANE, HOUSTON TX 77044
De Carvalho Filho Eleazar	director	HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Robert G Gwin	director	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Jonathan Landes	officer: President Subsea	ONE SUBSEA LANE, HOUSTON TX 77044
Thierry Conti	officer: President, Surface	ONE SUBSEA LANE, HOUSTON TX 77044
Luana Duffe	officer: EVP, New Energy Ventures	ONE SUBSEA LANE, HOUSTON TX 77044
Nisha P. Rai	officer: EVP, People & Culture	ONE SUBSEA LANE, HOUSTON TX 77044
Rousset Sophie Zurquiyah	director	C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Alf Melin	officer: EVP & Chief Financial Officer	ONE SUBSEA LANE, HOUSTON TX 77044
Victoria Lazar	officer: EVP, General Counsel & Sec	ONE SUBSEA LANE, HOUSTON TX 77044
Margareth Oevrum	director	FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Oleary John C G	director	C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Olivier Piou	director	ONE ST. PAUL'S CHURCHYARD, LONDON X0 EC4M 8AP
Maryann T. Mannen	officer: EVP & Chief Financial Officer	C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Catherine Macgregor	officer: President Onshore/Offshore	6 ALLEE DE LARCHE FAUBOURG DE LARCHE, ZAC DANTON, COURBEVOIE I0 92400