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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rayonier Advanced Materials's accounts receivables for the quarter that ended in Dec. 2023 was $166 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Rayonier Advanced Materials's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 35.88.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rayonier Advanced Materials's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-17.31.
The historical data trend for Rayonier Advanced Materials'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.
Rayonier Advanced Materials Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 142.18 | 140.04 | 131.37 | 171.14 | 166.14 |
Rayonier Advanced Materials 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 | 171.14 | 171.92 | 145.05 | 142.00 | 166.14 |
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.
Rayonier Advanced Materials's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 166.137 | / | 422.486 | * | 91 |
= | 35.88 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Rayonier Advanced Materials's accounts receivable are only considered to be worth 75% of book value:
Rayonier Advanced Materials'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) | ||
= | (75.768 | + | 0.75 * 166.137 | + | 0.5 * 207.474 | - | 1436.253 |
- | 0 | - | 0) | / | 65.393 | ||
= | -17.31 |
* 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 Rayonier Advanced Materials's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Bryan D Yokley | director | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Posze James L Jr | officer: SVP, Human Resources | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Joshua C. Hicks | officer: SVP, High Purity Cellulose | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Julie Dill | director | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Delyle W Bloomquist | director | RAYONIER ADVANCED MATERIALS INC., 1301 RIVERPLACE BLVD., SUITE 2300, JACKSONVILLE FL 32207 |
Lisa M Palumbo | director | C/O EDO CORP, 60 EAST 42ND STREET 42ND FL, NEW YORK NY 10165 |
Michael D Osborne | officer: Vice President, Manufacturing | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Charles R Eggert | director | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Vito J Consiglio | director, officer: President and CEO | RAYONIER ADVANCED MATERIALS INC., 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Ribeyrolle Christian Antoine Lucien | officer: Vice President, Biomaterials | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Kenneth James Duffy | officer: VP, Sales & Marketing, HYP etc | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Charles E Adair | director | |
Gabriela Garcia | officer: CAO, VP, Corporate Controller | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
Anthony R Matthews | officer: VP, Supply Chain | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
David C Mariano | director | 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207 |
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