What is Progressive Waste Solutions Accounts Receivable?
Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Progressive Waste Solutions's accounts receivables for the quarter that ended in Mar. 2016 was $205 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Progressive Waste Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2016 was 39.67.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Progressive Waste Solutions's Net-Net Working Capital per share for the quarter that ended in Mar. 2016 was $-18.15.
Progressive Waste Solutions Accounts Receivable Historical Data
* 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.
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.
Progressive Waste Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2016 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Progressive Waste Solutions's accounts receivable are only considered to be worth 75% of book value:
Progressive Waste Solutions's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2016 is calculated as:
* 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.
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.
Progressive Waste Solutions Accounts Receivable Related Terms
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Progressive Waste Solutions (Progressive Waste Solutions) Business Description
Progressive Waste Solutions Ltd was incorporated on May 20, 2009 under the provisions of the Business Corporations Act (Ontario). The Company provides vertically integrated non-hazardous solid waste services to commercial, industrial, municipal and residential customers in Canada and the U.S. The Company carries on business through three geographic segments: Canada, the U.S. South and the U.S. Northeast. The business segments are vertically integrated and their operations include the collection and disposal of waste and recyclable materials, transfer station operations, material recovery facilities, landfills and landfill gas to energy facilities.
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