Ryerson Holding (Ryerson Holding) Accounts Receivable

: $468 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. Ryerson Holding's accounts receivables for the quarter that ended in Dec. 2023 was $468 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ryerson Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 38.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ryerson Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-25.48.

Ryerson Holding Accounts Receivable Historical Data

The historical data trend for Ryerson Holding'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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Ryerson Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

425.10

378.90

630.80

514.40

467.70

Ryerson Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																514.40	615.40	580.60	545.00	467.70

Ryerson Holding Accounts Receivable Calculation

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

Ryerson Holding 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	467.7	/	1112.4	*	91
=	38.37

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

Ryerson Holding'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)
=	(54.3	+	0.75 * 467.7	+	0.5 * 782.5	-	1655.1
-	0	-	8.6)	/	34.0372
=	-25.48

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.

Ryerson Holding Accounts Receivable Related Terms

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Ryerson Holding (Ryerson Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ryerson Holding Corp (NYSE:RYI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

7RY:Germany

Address

227 West Monroe Street, 27th Floor, Chicago, IL, USA, 60606

Website

https://www.ryerson.com

Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminium, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.

Executives

Alagu Sundarrajan	officer: Chief Information Officer	227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Edward J. Lehner	director, officer: President & CEO	C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Mark S. Silver	officer: EVP, GC & Chief HR Officer	C/O RYERSON HOLDING CORPORATION, 227 W MONROE ST, 27TH FLOOR, CHICAGO IL 60606
Molly D Kannan	officer: CAO & Corporate Controller	227 W MONROE ST 27TH FLOOR, CHICAGO IL 60606
Kirk K Calhoun	director	8285 EL RIO STREET, SUITE 130, HOUSTON TX 77054
Carruthers Court D	director	C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Stephen P. Larson	director	C/O RYERSON HOLDING CORPORATION, 227 WEST MONROE, 27TH FLOOR, CHICAGO IL 60606
Platinum Equity Llc	10 percent owner	360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
James J Claussen	officer: Executive Vice President & CFO	227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
John E Orth	officer: EVP, Operations	227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Michael Burbach	officer: Chief Operating Officer	C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Tom Gores	10 percent owner	C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Ryps, Llc	10 percent owner	360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Ii, Llc	10 percent owner	C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Investment Holdings Ii, Llc	10 percent owner	C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210