IHS Markit (IHS Markit) Accounts Receivable : $907 Mil (As of Nov. 2021)

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What is IHS Markit Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. IHS Markit's accounts receivables for the quarter that ended in Nov. 2021 was $907 Mil.

Accounts receivable can be measured by Days Sales Outstanding. IHS Markit's Days Sales Outstanding for the quarter that ended in Nov. 2021 was 70.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. IHS Markit's Net-Net Working Capital per share for the quarter that ended in Nov. 2021 was $-16.17.

IHS Markit Accounts Receivable Historical Data

The historical data trend for IHS Markit'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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IHS Markit Accounts Receivable Chart

IHS Markit Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Accounts Receivable

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693.50

792.90

890.70

891.70

906.50

IHS Markit Quarterly Data
	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Accounts Receivable	Get a 7-Day Free Trial															891.70	981.90	870.90	857.80	906.50

IHS Markit Accounts Receivable Calculation

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

IHS Markit 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.

IHS Markit's Days Sales Outstanding for the quarter that ended in Nov. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	906.5	/	1176.3	*	91
=	70.32

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

IHS Markit's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2021 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)
=	(293.1	+	0.75 * 906.5	+	0.5 * 0	-	7411.5
-	0	-	13)	/	399
=	-16.17

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.

IHS Markit Accounts Receivable Related Terms

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IHS Markit (IHS Markit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » IHS Markit Ltd (NYSE:INFO) » Definitions » Accounts Receivable

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Address

25 Ropemaker Street, 4th Floor, Ropemaker Place, London, GBR, EC2Y 9LY

Website

https://www.ihsmarkit.com

IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 42% of fiscal 2020 revenue, transportation 27%, resources (energy and chemicals) 20%, and CMS (consolidated markets) 11%. Approximately 60% of fiscal 2020 revenue came from the United States. IHS Markit has approximately 16,000 employees worldwide. About 74% of fiscal 2020 revenue was recurring and fixed, 14% recurring and variable, and 12% non-recurring. S&P Global has offered to acquire IHS Markit, with holders of the target firm set to receive 0.2838 shares of the combined entity (a little less than one third of the total), in a deal valued at $44 billion upon announcement.