AAN (The Aarons Co) Accounts Receivable : $35 Mil (As of Jun. 2024)

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What is The Aarons Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Aarons Co's accounts receivables for the quarter that ended in Jun. 2024 was $35 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Aarons Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 6.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Aarons Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-22.71.

The Aarons Co Accounts Receivable Historical Data

The historical data trend for The Aarons Co'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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The Aarons Co Accounts Receivable Chart

The Aarons Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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37.08

33.99

29.44

38.19

39.78

The Aarons Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Accounts Receivable	Get a 7-Day Free Trial															30.20	23.68	39.78	35.16	35.05

The Aarons Co Accounts Receivable Calculation

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

The Aarons Co 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.

The Aarons Co's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	35.05	/	503.125	*	91
=	6.36

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

The Aarons Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=	(34.161	+	0.75 * 35.05	+	0.5 * 711.162	-	1113.37
-	0	-	0)	/	30.7128
=	-22.71

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.

The Aarons Co Accounts Receivable Related Terms

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The Aarons Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The Aarons Co Inc (NYSE:AAN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Galleria Parkway SE, Suite 300, Atlanta, GA, USA, 30339-3182

Website

https://www.aarons.com

The Aarons Co Inc is a specialty retailer that has developed a lease-to-own model. It serves customers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and other accessories with the highest quality products. Aaron's services are available through multiple channels to approximately 40-50 % of the U.S. population. The Company conducts its operations through two primary operating business segments: Aaron's Business and BrandsMart.

Executives

Rachel G George	officer: EVP, Gen Counsel/Corp Sec	400 GALLERIA PKWY SE, SUITE 300, ATLANTA GA 30339
Stephen W Olsen	officer: President	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Douglas A Lindsay	director, officer: Chief Executive Officer	309 E. PACES FERRY ROAD, ATLANTA GA 30305
Wangdali Bacdayan	director	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Douglass L Noe	officer: VP, Corporate Controller	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Kristine Kay Malkoski	director	6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Russell Falkenstein	officer: EVP, COO, Lease-to-Own	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
John W Robinson	director	309 E PACES FERRY RD, SUITE 1100, ATLANTA GA 30505
Harris Hubert L. Jr.	director	309 E. PACES FERRY ROAD, ATLANTA GA 30305
Marvonia P Moore	director	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Kelly Hefner Barrett	director	4630 WYNMEADE PARK, MARIETTA GA 30067
Timothy A Johnson	director
Laura N Bailey	director	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Sinclair Robert P Jr	officer: Corporate Controller and CAO	309 E. PACES FERRY RD N.E., ATLANTA GA 30305-2377
Aaron's Holdings Company, Inc.	10 percent owner	256 W. DATA DRIVE, DRAPER UT 84020