Quanex Building Products (Quanex Building Products) Accounts Receivable

: $80 Mil (As of Jan. 2024)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Quanex Building Products's accounts receivables for the quarter that ended in Jan. 2024 was $80 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Quanex Building Products's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 30.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Quanex Building Products's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-3.03.

Quanex Building Products Accounts Receivable Historical Data

The historical data trend for Quanex Building Products'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.

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Quanex Building Products Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Receivable

82.75

88.29

107.73

95.85

97.87

Quanex Building Products Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable																84.67	94.04	96.20	97.87	80.06

Quanex Building Products Accounts Receivable Calculation

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

Quanex Building Products 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.

Quanex Building Products's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	80.063	/	239.155	*	91
=	30.55

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

Quanex Building Products's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 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)
=	(44.422	+	0.75 * 80.063	+	0.5 * 107.478	-	258.391
-	0	-	0)	/	33.1036
=	-3.03

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.

Quanex Building Products Accounts Receivable Related Terms

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Quanex Building Products (Quanex Building Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanex Building Products Corp (NYSE:NX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

4Q2:Germany

Address

945 Bunker Hill Road, Suite 900, Houston, TX, USA, 77024

Website

https://www.quanex.com

Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.

Executives

Curtis M Stevens	director	LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 1910, NASHVILLE TN 37219
Susan F Davis	director
William C Griffiths	director	C/O SPX CORPORATION, 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Paul Cornett	officer: SVP General Counsel, Secretary	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Karen Ettredge	officer: VP, Controller	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Bradley E. Hughes	director	2420 BRADWAY BOULEVARD, BLOOMFIELD VILLAGE MI 48301
Jason Lippert	director	C/O LIPPERT COMPONENTS INC, 2375 TAMIAMI TRAIL NORTH STE 11, NAPLES FL 34103
George Laverne Wilson	officer: Chief Operating Officer	1800 WEST LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Kimberley Garcia	officer: VP, CHRO	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Meredith W. Mendes	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Scott M. Zuehlke	officer: VP, IR & Treasurer	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Joseph D Rupp	director	QUANEX BUILDING PRODUCTS CORPORATION, 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Waltz William E Jr.	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Mark A Livingston	officer: VP CAO Controller	2105 CITY WEST BLVD., SUITE 500, HOUSTON TX 77042
Kevin P Delaney	officer: SVP-Gen. Counsel & Secretary	1900 WEST LOOP SOUTH SUITE 1500, HOUSTON TX 77027