LGL Group (LGL Group) Accounts Receivable : $0.36 Mil (As of Dec. 2023)

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What is LGL Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LGL Group's accounts receivables for the quarter that ended in Dec. 2023 was $0.36 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LGL Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 72.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LGL Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $7.07.

LGL Group Accounts Receivable Historical Data

The historical data trend for LGL Group'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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LGL Group Accounts Receivable Chart

LGL Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4.45

4.12

0.67

0.54

0.36

LGL Group 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															0.54	0.51	0.37	0.27	0.36

LGL Group Accounts Receivable Calculation

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

LGL Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.356	/	0.446	*	91
=	72.84

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

LGL Group'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)
=	(40.733	+	0.75 * 0.356	+	0.5 * 0.204	-	1.168
-	0	-	1.92)	/	5.37306
=	7.07

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.

LGL Group Accounts Receivable Related Terms

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LGL Group (LGL Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LGL Group Inc (AMEX:LGL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

51L:Germany

Address

2525 Shader Road, Orlando, FL, USA, 32804

Website

https://www.lglgroup.com

LGL Group Inc is engaged in investment and manufacturing business activities. Its Electronic components segment is focused on the design and manufacture of engineered frequency and spectrum control products. The company's Electronic instruments segment is focused on the design and manufacture of high-performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. Majority of its revenue is derived from the Electronic components segment.

Executives

Herve Francois	director	4 BRIDLE PATH, LAWRENCEVILLE NJ 08648
Darlene T Deremer	director	200 CENTRAL AVENUE, SUITE 1850, ST. PETERSBURG FL 33701
Linda M Biles	officer: VP, Controller	2525 SHADER ROAD, ORLANDO FL 32804
James William Tivy	officer: Chief Financial Officer	220 E. CENTRAL PARKWAY, SUITE 2060, ALTAMONTE SPRINGS FL 32701
Bel Lazar	director	4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Ferrantino Michael J Jr	director	12 MARTINGALE LANE, ANDOVER MA 01810
Ivan Arteaga	director, officer: CEO	497 EISENHOWER COURT, WYCKOFF NJ 07481
John S Mega	director	C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016
Lapenta Robert V Jr	director	C/O ASTON CAPITAL, 177 BROAD ST., 12TH FLOOR, STAMFORD CT 06901
Mario J Gabelli	director, 10 percent owner	191 MASON STREET, GREENWICH CT 06830
Joan Atkinson	officer: CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Patrick Huvane	officer: Senior Vice President	780 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Michael J Ferrantino	director
Hendi Susanto	director	2525 SHADER RD., ORLANDO FL 32804
Salerno Frederic V Jr	director	2525 SHADER RD., ORLANDO FL 32804