Advanced Drainage Systems (Advanced Drainage Systems) Change In Receivables : $5 Mil (TTM As of Dec. 2023)

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What is Advanced Drainage Systems Change In Receivables?

Advanced Drainage Systems's change in receivables for the quarter that ended in Dec. 2023 was $111 Mil. It means Advanced Drainage Systems's Accounts Receivable declined by $111 Mil from Sep. 2023 to Dec. 2023 .

Advanced Drainage Systems's change in receivables for the fiscal year that ended in Mar. 2023 was $37 Mil. It means Advanced Drainage Systems's Accounts Receivable declined by $37 Mil from Mar. 2022 to Mar. 2023 .

Advanced Drainage Systems's Accounts Receivable for the quarter that ended in Dec. 2023 was $241 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. Advanced Drainage Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 33.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Advanced Drainage Systems's liquidation value for the three months ended in Dec. 2023 was $-996 Mil.

Advanced Drainage Systems Change In Receivables Historical Data

The historical data trend for Advanced Drainage Systems'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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Advanced Drainage Systems Change In Receivables Chart

Advanced Drainage Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-17.95

5.17

-34.76

-96.99

37.49

Advanced Drainage Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															143.64	-62.47	-33.41	-10.12	110.76

Advanced Drainage Systems 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5 Mil.

Advanced Drainage Systems (NYSE:WMS) 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.

Advanced Drainage Systems's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	240.81	/	662.367	*	91
=	33.17

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

Advanced Drainage Systems's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	560.744	-	1940.09	+	0.75 * 240.81	+	0.5 * 405.409
=	-996

Advanced Drainage Systems Change In Receivables Related Terms

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Advanced Drainage Systems (Advanced Drainage Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Advanced Drainage Systems Inc (NYSE:WMS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

6DA:Germany

Address

4640 Trueman Boulevard, Hilliard, OH, USA, 43026

Website

https://www.adspipe.com

Advanced Drainage Systems Inc is engaged in designing, manufacturing, and marketing thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The company's operating segment includes Pipe; Infiltrator; International and Allied Products and Other. It generates maximum revenue from the Pipe segment. The company serves Agriculture; Aviation and Military; Mining; Residential; Transportation; Healthcare and Education and others.

Executives

Brian W. King	officer: Executive Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Michael G. Huebert	officer: Senior Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Tim A Makowski	officer: SEE REMARKS (A)	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Robert M Klein	officer: EVP, Sales	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLARD OH 43026
Anil Seetharam	director	200 CLARENDON STREET, FLOOR 35, BOSTON MA 02116
Ross M Jones	director	ONE BOSTON PLACE, 33RD FL, BOSTON MA 02108
Alexander R Fischer	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLARD OH 43026
Darin S. Harvey	officer: EVP, Supply Chain & Logistics	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Craig J. Taylor	officer: Executive Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Perez De La Mesa Manuel J	director
Kevin C Talley	officer: EVP and CAO	C/O ADVANCED DRAINAGE SYSTEMS INC, 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Kelly S. Gast	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BLVD., HILLIARD OH 43026
Berkshire Partners Holdings Llc	10 percent owner	200 CLARENDON STREET, 35TH FLOOR, BOSTON MA 02116
Berkshire Fund Ix, L.p.	10 percent owner	C/O NINTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116
Michael B. Coleman	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BLVD., HILLIARD OH 43026