AFRAF (Air France-KLM) Accounts Receivable : $2,463 Mil (As of Sep. 2024)

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What is Air France-KLM Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Air France-KLM's accounts receivables for the quarter that ended in Sep. 2024 was $2,463 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Air France-KLM's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 22.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Air France-KLM's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-121.60.

Air France-KLM Accounts Receivable Historical Data

The historical data trend for Air France-KLM'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 France-KLM Accounts Receivable Chart

Air France-KLM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2,404.44

1,518.25

1,707.35

1,890.89

2,346.78

Air France-KLM Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															2,489.86	2,346.78	2,708.70	2,701.83	2,462.82

Air France-KLM Accounts Receivable Calculation

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

Air France-KLM 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 France-KLM's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2462.819	/	9965.594	*	91
=	22.55

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

Air France-KLM's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(6335.183	+	0.75 * 2462.819	+	0.5 * 1052.164	-	37740.289
-	0	-	2902.331)	/	262.626
=	-121.60

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 France-KLM Accounts Receivable Related Terms

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Air France-KLM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air France-KLM (OTCPK:AFRAF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AFLYY:USA 1AF:Italy AFp:UK 0LN7:UK AF:France AFR0:Germany AFR:Germany AFR0:Germany AFR0:Germany AFR0:Bulgaria AFK:Austria

Address

7 Rue du Cirque, Paris, FRA, 75008

Website

https://www.airfranceklm.com

Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue that includes the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.