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Andeavor (BSP:ANDV34) Accounts Receivable : R$9,891 Mil (As of Jun. 2018)


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What is Andeavor Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Andeavor's accounts receivables for the quarter that ended in Jun. 2018 was R$9,891 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Andeavor's Days Sales Outstanding for the quarter that ended in Jun. 2018 was 19.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Andeavor's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was R$-197.43.


Andeavor Accounts Receivable Historical Data

The historical data trend for Andeavor'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.

* Premium members only.

Andeavor Accounts Receivable Chart

Andeavor Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,999.59 3,738.29 3,019.26 3,662.57 6,197.90

Andeavor Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,583.90 5,165.49 6,197.90 6,341.59 9,891.33

Andeavor Accounts Receivable Calculation

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


Andeavor 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.

Andeavor's Days Sales Outstanding for the quarter that ended in Jun. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=9891.333/47031.912*91
=19.19

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

Andeavor's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 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)
=(1463.148+0.75 * 9891.333+0.5 * 13775.463-62247.897
-0-13194.729)/302.243
=-197.43

* 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.


Andeavor Accounts Receivable Related Terms

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Andeavor (BSP:ANDV34) Business Description

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Andeavor is engaged in the refining and retail marketing of refined petroleum products. The company operates 10 refineries with a total crude oil capacity of 1.2 million barrels per day after the acquisition of Western Refining in 2017. Andeavor also operates 3,200 retail fuel outlets in the Midwest and western United States. It holds a 59% interest in Andeavor Logistics Partners.

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