Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LyondellBasell Industries NV's accounts receivables for the quarter that ended in Dec. 2023 was $3,356 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
LyondellBasell Industries NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 30.84.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LyondellBasell Industries NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-48.63.
LyondellBasell Industries NV Accounts Receivable Historical Data
The historical data trend for LyondellBasell Industries NV'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.
LyondellBasell Industries NV'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), LyondellBasell Industries NV's accounts receivable are only considered to be worth 75% of book value:
LyondellBasell Industries NV'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.
LyondellBasell Industries NV Accounts Receivable Related Terms
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LyondellBasell Industries NV (LyondellBasell Industries NV) Business Description
LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and is also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production come from its North American operations.
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