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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hurco's accounts receivables for the quarter that ended in Jan. 2024 was $33.1 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Hurco's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 67.09.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hurco's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $12.27.
The historical data trend for Hurco'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.
Hurco Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 43.28 | 27.69 | 42.62 | 38.44 | 39.97 |
Hurco Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Accounts Receivable | Get a 7-Day Free Trial | 34.84 | 34.90 | 33.28 | 39.97 | 33.13 |
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.
Hurco's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 33.131 | / | 45.059 | * | 91 |
= | 67.09 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Hurco's accounts receivable are only considered to be worth 75% of book value:
Hurco's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 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) | ||
= | (37.936 | + | 0.75 * 33.131 | + | 0.5 * 165.044 | - | 65.501 |
- | 0 | - | 0) | / | 6.50603 | ||
= | 12.27 |
* 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 Hurco's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Doar | director, officer: Chairman & CEO | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Jonathon D. Wright | officer: General Counsel/Corp Secretary | ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC>, INDIANAPOLIS IN 46268 |
Richard R. Porter | director | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Haiquynh Jamison | officer: Corporate Controller | ONE TECHNOLOGY WAY, C/O HURCO COMPANIES, INC., INDIANAPOLIS IN 46268 |
Gregory S Volovic | officer: EVP-Technology and Operations | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Sonja K Mcclelland | officer: Chief Financial Officer | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Polar Asset Management Partners Inc. | 10 percent owner | 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6 |
Thomas A. Aaro | director | C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Timothy J Gardner | director | 3600 WEST LAKE AVENUE, GLENVIEW IL 60026 |
Robert W Cruickshank | director | |
Cynthia S Dubin | director | 1200 E. MARKET STREET, SUITE 650, AKRON OH 44305 |
Janaki Sivanesan | director | 575 MADISON AVENUE, NEW YORK NY 10022 |
Jay C. Longbottom | director | C/O HURCO COMPANIES, INC., ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Andrew Sheeley Niner | director | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
Ronald G. Strackbein | director | ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268 |
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