Powell Industries (Powell Industries) Accounts Receivable

: $169.5 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Powell Industries's accounts receivables for the quarter that ended in Dec. 2023 was $169.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Powell Industries's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 79.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Powell Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $6.33.

Powell Industries Accounts Receivable Historical Data

The historical data trend for Powell Industries'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.

* Premium members only.

Powell Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

112.09

69.96

78.30

106.11

206.59

Powell Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																151.38	170.18	204.52	206.59	169.48

Powell Industries Accounts Receivable Calculation

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

Powell Industries 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.

Powell Industries's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	169.477	/	194.017	*	91
=	79.71

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

Powell Industries'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)
=	(355.343	+	0.75 * 169.477	+	0.5 * 69.682	-	441.629
-	0	-	0)	/	11.9599
=	6.33

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.

Powell Industries Accounts Receivable Related Terms

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Powell Industries (Powell Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Powell Industries Inc (NAS:POWL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

PW2:Germany

Address

8550 Mosley Road, Houston, TX, USA, 77075-1180

Website

https://www.powellind.com

Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.

Executives

Thomas W Powell	director, officer: President, CEO
Milburn E Honeycutt	officer: Vice President, Corp Controlle	7 AMBERSTONE DRIVE, SUGARLAND TX 77459
John David White	director	8550 MOSLEY ROAD, HOUSTON TX 77075
Alaina K Brooks	director	2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
John Stacey	director	C/O HARMAN INTERNATIONAL, 1101 PENNSYLVANIA AVE, NW #1010, WASHINGTON DC 20004
Katheryn Baucom Curtis	director	8550 MOSLEY ROAD, HOUSTON TX 77075
Bonnie V Hancock	director	P O BOX 12818, HOUSTON TX 77075
Michael William Metcalf	officer: Exec Vice President	8550 MOSLEY ROAD, HOUSTON TX 77075
James W Mcgill	director	8550 MOSLEY ROAD, HOUSTON TX 77075
Perry L Elders	director	8550 MOSLEY ROAD, HOUSTON TX 77075
Christopher E Cragg	director
Richard E Williams	director	8550 MOSLEY ROAD, HOUSTON X1 77075
William N. Clelland	director, other: ADVISORY DIRECTOR	8550 MOSLEY ROAD, HOUSTON TX 77075
Brett Alan Cope	officer: Sr VP, COO	8550 MOSLEY ROAD, HOUSTON TX 77075
Joseph L Becherer	director	PO BOX 12818, HOUSTON TX 77217