Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JM Smucker Co's accounts receivables for the quarter that ended in Jan. 2024 was $790 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
JM Smucker Co's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 32.32.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. JM Smucker Co's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-108.92.
JM Smucker Co Accounts Receivable Historical Data
The historical data trend for JM Smucker Co'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
JM Smucker Co 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.
JM Smucker Co's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), JM Smucker Co's accounts receivable are only considered to be worth 75% of book value:
JM Smucker Co's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 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.
JM Smucker Co Accounts Receivable Related Terms
Thank you for viewing the detailed overview of JM Smucker Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
JM Smucker Co (JM Smucker Co) Business Description
J.M. Smucker is a packaged food company that primarily sells through the U.S. retail channel (77% of forecast fiscal 2024 revenue), with the remaining share consisting of Hostess, foodservice, and international (primarily Canada). Following the divestiture of several pet foods brands and private-label products that constituted about $1.5 billion of sales, retail coffee is now its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SJM has been successfully added to your 