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Costco Wholesale Accounts Receivable

: $1,535 Mil (As of Aug. 2019)
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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Costco Wholesale's accounts receivables for the quarter that ended in Aug. 2019 was $1,535 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Costco Wholesale's Days Sales Outstanding for the quarter that ended in Aug. 2019 was 2.95.

In Ben Graham's calculation of liquidation value, accounts receivable are only considered to be worth 75% of book value. Costco Wholesale's Net-Net Working Capital for the quarter that ended in Aug. 2019 was $-13,523 Mil.


Costco Wholesale Accounts Receivable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Costco Wholesale Annual Data
Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19
Accounts Receivable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1,252.00 1,432.00 1,669.00 1,535.00

Costco Wholesale Quarterly Data
Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 Apr19 May19 Aug19
Accounts Receivable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,795.00 1,995.00 1,704.00 0.00 1,535.00

Costco Wholesale Accounts Receivable Calculation

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


Costco Wholesale 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.

Costco Wholesale's Days Sales Outstanding for the quarter that ended in Aug. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1535/47498*91
=2.95

2. In Ben Graham's calculation of liquidation value, Costco Wholesale's accounts receivable are only considered to be worth 75% of book value:

Costco Wholesale's liquidation value for the quarter that ended in Aug. 2019 is calculated as:

Liquidation value
=Cash And Cash Equivalents-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=9444-29816+0.75 * 1535+0.5 * 11395
=-13,523

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Costco Wholesale Accounts Receivable Related Terms

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