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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Manitex International's accounts receivables for the quarter that ended in Mar. 2024 was $50.4 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Manitex International's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 62.73.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Manitex International's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-4.95.
The historical data trend for Manitex International'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.
Manitex International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 34.73 | 30.42 | 30.52 | 43.86 | 49.12 |
Manitex International 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 | 43.40 | 48.83 | 47.11 | 49.12 | 50.42 |
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.
Manitex International's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 50.423 | / | 73.343 | * | 91 |
= | 62.73 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Manitex International's accounts receivable are only considered to be worth 75% of book value:
Manitex International'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) | ||
= | (4.847 | + | 0.75 * 50.423 | + | 0.5 * 83.51 | - | 174.753 |
- | 0 | - | 10.215) | / | 20.316 | ||
= | -4.95 |
* 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 Manitex International's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
David J Langevin | director, officer: Chairman of the Board & CEO | 50120 PONTIAC TRAIL, WIXOM MI 48393 |
Takashi Kiso | director | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60466 |
Michael Coffey | officer: Chief Executive Officer | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60466 |
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Marvin B Rosenberg | director | 3228 PIGNATELLI CRESCENT, MOUNT PLEASANT SC 29466 |
Laura Ruoru Yu | officer: VP Finance & Corp. Controller | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455 |
Robert S Gigliotti | director | 901 WILSHIRE DR, STE 400, TROY MI 48084 |
Ingo Schiller | director | 4242 WEST GREENS ROAD, HOUSTON TX 77066 |
Tadano Ltd. | 10 percent owner | KO-34 SHINDEN-CHO, KAGAWA PREFECTURE, TAKAMATSU M0 761-0185 |
Sherman Jung | officer: VP Fin. Reporting (PFO/PAO) | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455 |
Steve Kiefer | officer: President, North America | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455 |
Michael Schneider | officer: SVP, CFO, Treas., & Secretary | 9725 INDUSTRIAL DRIVE, BRIDGEVIEW IL 60455 |
Ronald Michael Clark | director | 72 CATBRIER ROAD, WESTON CT 06883 |
Lubomir T. Litchev | officer: President, Manufacturing Ops. | 10 HIGH MEADOW TRAIL, DILLON CO 80435 |
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