Westlake (Westlake) Change In Receivables : $143 Mil (TTM As of Mar. 2024)

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What is Westlake Change In Receivables?

Westlake's change in receivables for the quarter that ended in Mar. 2024 was $-97 Mil. It means Westlake's Accounts Receivable increased by $97 Mil from Dec. 2023 to Mar. 2024 .

Westlake's change in receivables for the fiscal year that ended in Dec. 2023 was $225 Mil. It means Westlake's Accounts Receivable declined by $225 Mil from Dec. 2022 to Dec. 2023 .

Westlake's Accounts Receivable for the quarter that ended in Mar. 2024 was $1,537 Mil.

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 Receivable are being managed. Westlake's Days Sales Outstanding for the three months ended in Mar. 2024 was 47.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Westlake's liquidation value for the three months ended in Mar. 2024 was $-5,016 Mil.

Westlake Change In Receivables Historical Data

The historical data trend for Westlake's Change In Receivables 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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Westlake Change In Receivables Chart

Westlake Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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59.00

-161.00

-528.00

325.00

225.00

Westlake Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-15.00	-19.00	-96.00	355.00	-97.00

Westlake Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $143 Mil.

Westlake (NYSE:WLK) Change In Receivables 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 Receivable are being managed.

Westlake's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1537	/	2975	*	91
=	47.14

2. In Ben Graham's calculation of liquidation value, Westlake's accounts receivable are only considered to be worth 75% of book value:

Westlake's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3108	-	10107	+	0.75 * 1537	+	0.5 * 1661
=	-5,016

Westlake Change In Receivables Related Terms

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Westlake (Westlake) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Westlake Corp (NYSE:WLK) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

UEO:Germany

Address

2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website

https://www.westlake.com

Westlake Corp is a manufacturer and global supplier of chemicals, polymers and building products. Its Performance and Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.

Executives

Robert F. Buesinger	officer: Sr. Vice President, Vinyls	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
David Tsung-hung Chao	director, 10 percent owner	1000 UPTOWN PARK BLVD. #34, HOUSTON TX 77056
Kimberly S Lubel	director	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Johnathan Stevan Zoeller	officer: VP and CAO	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Thomas J. Janssens	officer: SVP, Ops - PEM & Corp Logistic	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Catherine T. Chao	director, 10 percent owner	5815 NE 32ND AVE, PORTLAND OR 97211
Carolyn Chao Sabat	director, 10 percent owner	3019 CHEVY CHASE DR., HOUSTON TX 77019
Albert Chao	director, officer: President and CEO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Roger L. Kearns	officer: EVP, Vinyls Chemicals	2801 POST OAK BLVD., HOUSTON TX 77056
L. Benjamin Ederington	officer: VP, General Counsel, Corp Secy	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Mark Steven Bender	officer: Vice President/Treasurer	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Lawrence E. Teel	officer: Vice President, Olefins	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Andrew Kenner	officer: VP -- Manufacturing	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Ttwfgp Llc	10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
George J Mangieri	officer: Vice President and Controller	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056