Gencor Industries (Gencor Industries) Accounts Receivable : $4.0 Mil (As of Dec. 2023)

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What is Gencor Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gencor Industries's accounts receivables for the quarter that ended in Dec. 2023 was $4.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gencor Industries's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 14.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gencor Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $8.47.

Gencor Industries Accounts Receivable Historical Data

The historical data trend for Gencor 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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Gencor Industries Accounts Receivable Chart

Gencor Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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1.60

1.99

2.62

3.00

2.47

Gencor Industries 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															4.66	7.18	3.48	2.47	4.03

Gencor Industries Accounts Receivable Calculation

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

Gencor 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.028	/	26.018	*	91
=	14.13

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

Gencor Industries'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)
=	(104.79	+	0.75 * 4.028	+	0.5 * 72.209	-	19.749
-	0	-	0)	/	14.6577
=	8.47

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.

Gencor Industries Accounts Receivable Related Terms

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Gencor Industries (Gencor Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Gencor Industries Inc (AMEX:GENC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5201 North Orange Blossom Trail, Orlando, FL, USA, 32810

Website

https://www.gencor.com

Gencor Industries Inc and its subsidiaries is a manufacturer of heavy machinery used in the production of highway construction materials and environmental control equipment. The Company has one reporting segment, equipment for the highway construction industry. The firm's principal products include asphalt plants, combustion systems, hot mix asphalt plants, fluid heat transfer systems, and asphalt pavers.

Executives

Jeanne M Lyons	officer: Secretary	5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Ketcham Walter A Jr	director	5201 N ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Thomas A. Vecchiolla	director	601 QUEEN STREET, ALEXANDRIA VA 22314
Eric E Mellen	officer: CFO	5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
James P Sharp	director	5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Marc G Elliott	officer: Pres., Const. Equip. Group	5201 N ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
John G Coburn	director	10505 GUNSTON ROAD, HORTON VA 22079
Sherry Houtkin	10 percent owner	3900 ISLAND BLVD., PENTHOUSE 4, AVENTURA FL 33160
David Air	director	PO BOX 1188, DUNDEE FL 33838
Dondero Cort J	director
Lawrence C Maingot	officer: Vice President and Controller	5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Dennis Bryan Hunt	officer: Senior Vice President	2790 MARSH WREN CIRCLE, LONGWOOD FL 32779
Lawrence K Miles	officer: Vice President Product Support	5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Lowell Raymond Adams	officer: CFO and Treasurer	1722 SE HALYARD LANE, VANCOUVER WA 98661
Robert A Mifflin	officer: Interim CFO	5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810