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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pinnacle West Capital's accounts receivables for the quarter that ended in Dec. 2023 was $514 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Pinnacle West Capital's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 47.29.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pinnacle West Capital's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-157.34.
The historical data trend for Pinnacle West Capital'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.
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.
Pinnacle West Capital's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 513.892 | / | 991.574 | * | 91 |
= | 47.29 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Pinnacle West Capital's accounts receivable are only considered to be worth 75% of book value:
Pinnacle West Capital'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) | ||
= | (4.955 | + | 0.75 * 513.892 | + | 0.5 * 493.547 | - | 18376.291 |
- | 0 | - | 107.198) | / | 113.424 | ||
= | -157.34 |
* 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.
Thank you for viewing the detailed overview of Pinnacle West Capital's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Edgar Smith | officer: EVP, GC, and CDO | 400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004 |
Paul J Mountain | officer: VP, Finance and Treasurer | 400 N 5TH ST, PHOENIX AZ 85004 |
Jeffrey B. Guldner | director, officer: Chairman, President and CEO | 400 N. FIFTH STREET, MS8695, PHOENIX AZ 85004 |
Donna M Easterly | other: SVP HR APS | 400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004 |
Elizabeth A Blankenship | officer: VP, Controller and CAO | 400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004 |
Andrew D Cooper | officer: SVP & CFO | 400 NORTH 5TH STREET, MS 8602, PHOENIX AZ 85004 |
Jacob Tetlow | other: EVP, Ops, APS | 400 N. FIFTH ST, MS 8602, PHOENIX AZ 85004 |
Theodore N Geisler | other: President, APS | 400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004 |
Kristine L Svinicki | director | 30 IVAN ALLEN JR BLVD NW, ATLANTA GA 30308 |
Esparza Jose Luis Jr | other: SVP, Public Policy, APS | 8360 S. DURANGO DR., LAS VEGAS NV 89113 |
Barbara D Lockwood | other: VP, Regulation, APS | 400 NORTH FIFTH STREET, MAIL STATION 8602, PHOENIX AZ 85004 |
Adam C Heflin | other: EVP & CNO | 1901 CHOUTEAU AVENUE, P. O. BOX 66149, MC-1370, ST. LOUIS MO 63166-6149 |
De La Melena Gonzalo A Jr | director | 400 N 5TH ST, PHOENIX AZ 85004 |
James R Hatfield | officer: SVP & CFO, PNW & APS | P O BOX 321 MC/1110, OKLAHOMA CITY OK 73101 |
William H Spence | director | UNIVERSITY OFFICE PLAZA, 252 CHAPMAN RD., PO BOX 6066, NEWARK DE 19714-0066 |
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