What is Sprouts Farmers Market Accounts Receivable?
Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sprouts Farmers Market's accounts receivables for the quarter that ended in Dec. 2023 was $30 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Sprouts Farmers Market's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1.63.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sprouts Farmers Market's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-17.71.
Sprouts Farmers Market Accounts Receivable Historical Data
The historical data trend for Sprouts Farmers Market'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.
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.
Sprouts Farmers Market's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Sprouts Farmers Market's accounts receivable are only considered to be worth 75% of book value:
Sprouts Farmers Market's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:
* 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.
Sprouts Farmers Market Accounts Receivable Related Terms
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Sprouts Farmers Market (Sprouts Farmers Market) Business Description
Sprouts Farmers Market is an American specialty grocer offering an assortment highlighting fresh and naturally derived products. Its offerings are especially focused on produce, which constituted around 20% of sales in fiscal 2022. Founded in 2002, the chain is most heavily concentrated in California, which accounted for over one third of its 386 stores as of the end of fiscal 2022. All of the company's operations are in the United States, with its stores largely located in the southern half of the country. Private-label products accounted for nearly 20% of sales in fiscal 2022.
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