Graco (GGG) Accounts Receivable

: $354 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Graco's accounts receivables for the quarter that ended in Dec. 2023 was $354 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Graco's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 57.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Graco's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.13.

Graco Accounts Receivable Historical Data

The historical data trend for Graco'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 267.35 [6] => 314.95 [7] => 325.13 [8] => 346.01 [9] => 354.44 )

Graco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

267.35

314.95

325.13

346.01

354.44

Graco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																346.01	356.47	365.82	352.51	354.44

Graco Accounts Receivable Calculation

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

Graco 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.

Graco's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	354.439	/	566.644	*	91
=	57.08

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

Graco's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(537.951	+	0.75 * 354.439	+	0.5 * 438.349	-	497.782
-	0	-	0)	/	167.946
=	3.13

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.

Graco Accounts Receivable Related Terms

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Graco (GGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Graco Inc (NYSE:GGG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

GA8:Germany GA8:Germany

Address

88-11th Avenue Northeast, Minneapolis, MN, USA, 55413

Website

https://www.graco.com

Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.1 billion in sales and $573 million in operating income in 2022.

Executives

Mark W Sheahan	officer: VICE PRESIDENT AND TREASURER	P.O. BOX 1441, MINNEAPOLIS MN 55440-1441
Angela F Wordell	officer: Executive VP, Operations	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Kathryn L Schoenrock	officer: Executive Vice President	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Caroline M Chambers	officer: Vice President and Controller	PO BOX 1441, MINNEAPOLIS MN 55440-1441
Eric Etchart	director	ROOM F, 22F CROSS REGION PLAZA, 899 LINGLING ROAD, SHANGHAI F4 200030
Van Sant R William	director	PO BOX 1441, MINNEAPOLIS MN 55440-1441
Timothy R White	officer: President, EMEA	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Ronita Banerjee	officer: EVP, Chief HR Officer	88 11TH AVENUE NE, MINNEAPOLIS MN 55105
Jeffrey P. Johnson	officer: Vice President	88 - 11TH AVENUE N.E., MINNEAPOLIS MN 55413
Heather L Anfang	director	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Dale D Johnson	officer: VICE PRESIDENT	P.O. BOX 1441, MINNEAPOLIS MN 5440-1441
Christopher D. Knutson	officer: EVP, Corporate Controller	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Claudio Merengo	officer: President, Worldwide Gema	88 11TH AVENUE NE, MINNEAPOLIS MN 55413
J Kevin Gilligan	director	P O BOX 1441, MINNEAPOLIS MN 55440-1441
Archie C. Black	director	333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402