Air Liquide (XPAR:AI) Accounts Receivable

: €2,994 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. Air Liquide's accounts receivables for the quarter that ended in Dec. 2023 was €2,994 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Air Liquide's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 40.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Air Liquide's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-36.84.

Air Liquide Accounts Receivable Historical Data

The historical data trend for Air Liquide'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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Air Liquide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2,477.90

2,205.80

2,694.10

3,034.80

2,993.70

Air Liquide Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable																2,694.10	3,242.90	3,034.80	2,971.90	2,993.70

Air Liquide Accounts Receivable Calculation

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

Air Liquide 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2993.7	/	13627.3	*	91
=	40.09

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

Air Liquide'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)
=	(1478.9	+	0.75 * 2993.7	+	0.5 * 2027.6	-	23289.3
-	0	-	721.6)	/	523.153
=	-36.84

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.

Air Liquide Accounts Receivable Related Terms

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Air Liquide (XPAR:AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Air Liquide SA (XPAR:AI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AIQUY:USA AIQUF:USA AI N:Mexico AIp:UK 0NWF:UK AIL:Germany AI:Austria

Address

75, Quai d'Orsay, Paris, FRA, 75007

Website

https://www.airliquide.com

Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 29.9 billion of revenue in 2022, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. The healthcare division serves around 1.8 million patients and 15,000 hospitals and clinics annually. Air Liquide employs approximately 65,000 people.