Park-Ohio Holdings (Park-Ohio Holdings) Accounts Receivable : $263 Mil (As of Dec. 2023)

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What is Park-Ohio Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Park-Ohio Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $263 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Park-Ohio Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 61.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Park-Ohio Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-46.09.

Park-Ohio Holdings Accounts Receivable Historical Data

The historical data trend for Park-Ohio Holdings'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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Park-Ohio Holdings Accounts Receivable Chart

Park-Ohio Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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261.30

248.10

223.60

246.30

263.30

Park-Ohio Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															246.30	256.80	256.90	265.80	263.30

Park-Ohio Holdings Accounts Receivable Calculation

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

Park-Ohio Holdings 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.

Park-Ohio Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	263.3	/	389.3	*	91
=	61.72

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

Park-Ohio Holdings'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)
=	(54.8	+	0.75 * 263.3	+	0.5 * 411.1	-	1050.8
-	0	-	9.5)	/	13.071
=	-46.09

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.

Park-Ohio Holdings Accounts Receivable Related Terms

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Park-Ohio Holdings (Park-Ohio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Park-Ohio Holdings Corp (NAS:PKOH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6065 Parkland Boulevard, Cleveland, OH, USA, 44124

Website

http://www.pkoh.com

Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives most of the revenue from the Supply Technologies segment which provides the customer with total supply management services such as engineering and design support, supplier selection, quality assurance, barcoding, product packaging and tracking, just-in-time and point-of-use delivery and electronic billing services for a range of production components.

Executives

James W Wert	director
Patrick W Fogarty	officer: Director Corporate Development
Robert D Vilsack	officer: Secretary & General Counsel
Moore Dan T Iii	director
Hanna Howard W Iv	director	6065 PARKLAND BLVD., CLEVELAND OH 44124
Matthew V Crawford	director, 10 percent owner, officer: President & COO
Edward F Crawford	director, 10 percent owner, officer: CEO, COB
Patrick V Auletta	director	23000 EUCLID AVE, EUCLID OH 44117
Steven H Rosen	director	6065 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH 44124
John D Grampa	director	MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Ronna Romney	director
Mixon Aaron Malachi Iii	director	800 SUPERIOR AVENUE, SUITE 1800, CLEVELAND OH 44107
W Scott Emerick	officer: VP & CFO	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
Kevin R Greene	director
Jeffrey L Rutherford	officer: Vice President & CFO	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799