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Taylor Devices Accounts Receivable

: $4.82 Mil (As of Nov. 2020)
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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Taylor Devices's accounts receivables for the quarter that ended in Nov. 2020 was $4.82 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Taylor Devices's Days Sales Outstanding for the quarter that ended in Nov. 2020 was 93.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Taylor Devices's Net-Net Working Capital per share for the quarter that ended in Nov. 2020 was $6.38.


Taylor Devices 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.

Taylor Devices Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Accounts Receivable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.99 2.55 6.27 5.28 5.82

Taylor Devices Quarterly Data
Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20
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 6.35 5.00 5.82 4.71 4.82

Taylor Devices Accounts Receivable Calculation

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


Taylor Devices 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.

Taylor Devices's Days Sales Outstanding for the quarter that ended in Nov. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.822/4.718*91
=93.26

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

Taylor Devices's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2020 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)
=(16.078+0.75 * 4.822+0.5 * 8.868-2.463
-0-0)/3.396
=6.38

* 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.


Taylor Devices Accounts Receivable Related Terms


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