Westlake Accounts Receivable

Westlake Accounts Receivable Calculation

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

Westlake 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.

Westlake's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

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

Westlake's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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.

Westlake Accounts Receivable Related Terms

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Westlake Business Description

Industry

Basic Materials » Chemicals NAICS : 325110 SIC : 2869

Comparable Companies

NYSE:EMN NYSE:RPM NYSE:OLN NYSE:AVTR NYSE:ASH NYSE:AXTA NYSE:CC NYSE:GRA NYSE:ESI NYSE:LTHM NYSE:LIN XPAR:AI NYSE:SHW NYSE:APD NYSE:ECL XSWX:SIKA BOM:500820 XSWX:GIVN NYSE:IFF NYSE:DD

Traded in Other Exchanges

0LVK:UK UEO:Germany UEO:Germany

Address

2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website

https://www.westlake.com

Westlake Corp is a manufacturer and global supplier of chemicals, polymers and building products. Its Performance & Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing & Infrastructure Products segment produces key finished goods for building products, pipe & fittings, and global compounds businesses.

Executives

Sheets Jeffrey Wayne	director	600 N. DAIRY ASHFORD HOUSTON TX 77079
Chao John Tsung-chen	director, 10 percent owner	26 GRAMERCY PARK SOUTH, 7EF NEW YORK NY 10003
Chao David Tsung-hung	director, 10 percent owner	1000 UPTOWN PARK BLVD. #34 HOUSTON TX 77056
Haas Marius	director	ONE DELL WAY ROUND ROCK TX 78682
Graff Michael J	director	2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056
Northcutt R Bruce	director	2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056
Jenkins Dorothy C	director, 10 percent owner	2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056
Lubel Kimberly S	director	P.O. BOX 696000 SAN ANTONIO TX 78269-6000
Mccollum Mark A	director	3000 NORTH SAM HOUSTON PARKWAY E. HOUSTON TX 77002
Kearns Roger L.	officer: EVP, Vinyls Chemicals	2801 POST OAK BLVD. HOUSTON TX 77056
Zoeller Johnathan Stevan	officer: VP and CAO	2801 POST OAK BLVD. SUITE 600 HOUSTON TX 77056
Ttwfgp Llc	10 percent owner	2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056
Chao Albert	director, 10 percent owner, officer: President & CEO	2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056
Kenner Andrew	officer: SVP - Chemical Manufacturing	2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056
Bender Mark Steven	officer: EVP and CFO	2801 POST OAK BLVD, SUITE 600 HOUSTON TX 77056