L3Harris Technologies (L3Harris Technologies) Accounts Receivable : $1,209 Mil (As of Mar. 2024)

View and export this data going back to 1955. Start your Free Trial

What is L3Harris Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. L3Harris Technologies's accounts receivables for the quarter that ended in Mar. 2024 was $1,209 Mil.

Accounts receivable can be measured by Days Sales Outstanding. L3Harris Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 21.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. L3Harris Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-110.99.

L3Harris Technologies Accounts Receivable Historical Data

The historical data trend for L3Harris Technologies'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.

L3Harris Technologies Accounts Receivable Chart

L3Harris Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

457.00

1,344.00

1,045.00

1,251.00

1,230.00

L3Harris Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															1,231.00	1,383.00	1,381.00	1,230.00	1,209.00

L3Harris Technologies Accounts Receivable Calculation

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

L3Harris Technologies 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.

L3Harris Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1209	/	5211	*	91
=	21.17

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), L3Harris Technologies's accounts receivable are only considered to be worth 75% of book value:

L3Harris Technologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(477	+	0.75 * 1209	+	0.5 * 1476	-	23086
-	0	-	64)	/	189.463
=	-110.99

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.

L3Harris Technologies Accounts Receivable Related Terms

Thank you for viewing the detailed overview of L3Harris Technologies's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

L3Harris Technologies (L3Harris Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3Harris Technologies Inc (NYSE:LHX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

LHX:Mexico HRS:Germany HRS:Germany L1HX34:Brazil

Address

1025 West NASA Boulevard, Melbourne, FL, USA, 32919

Website

https://www.l3harris.com

L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

Executives

Edward J Zoiss	officer: President, Electronic Systems	HARRIS CORPORATION, 1395 TROUTMAN BOULEVARD NE, PALM BAY FL 32904
Ross Niebergall	officer: President, Aerojet Rocketdyne	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Melanie Rakita	officer: Vice President & CHRO	C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Rice Edward A Jr	director	C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Samir Mehta	officer: Pres., Communication Systems	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Dana A Mehnert	officer: President, RF Communications	HARRIS CORPORATION, 1680 UNIVERSITY AVENUE, ROCHESTER NY 14610
James P Girard	officer: Vice President, HR	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Christopher E Kubasik	director, officer: President and COO
Jon Rambeau	officer: Pres., Integrated Mission Sys.	L3HARRIS TECHNOLOGIES, INC., 1395 TROUTMAN BLVD., NE, PALM BAY FL 32905
Scott T Mikuen	officer: VP-General Counsel & Secretary	HARRIS CORPORATION, 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Christina L Zamarro	director	200 INNOVATION WAY, AKRON OH 44316
Joanna Geraghty	director	C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Michelle L. Turner	officer: SVP, Chief Financial Officer	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Harris Harry B. Jr	director	L3HARRIS TECHNOLOGIES INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Todd W. Gautier	officer: Segment President	600 THIRD AVENUE 35TH FLOOR, NEW YORK NY 10016