Coty (BSP:COTY34) Accounts Receivable : R$2,451 Mil (As of Dec. 2023)

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What is Coty Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Coty's accounts receivables for the quarter that ended in Dec. 2023 was R$2,451 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Coty's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 26.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Coty's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R$-20.19.

Coty Accounts Receivable Historical Data

The historical data trend for Coty'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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Coty Accounts Receivable Chart

Coty Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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3,311.66

2,283.42

1,749.92

1,840.39

1,751.70

Coty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															2,275.46	2,087.61	1,751.70	2,641.71	2,450.88

Coty Accounts Receivable Calculation

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

Coty 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2450.88	/	8464.894	*	91
=	26.42

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

Coty's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(2204.91	+	0.75 * 2450.88	+	0.5 * 3799.795	-	39974.528
-	697.732	-	1421.432)	/	1790.2
=	-20.19

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.

Coty Accounts Receivable Related Terms

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Coty (BSP:COTY34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Coty Inc (BSP:COTY34) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

COTY:USA COTY:France CO3A:Germany CO3A:Germany

Address

350 Fifth Avenue, New York, NY, USA, 10118

Website

https://www.coty.com

Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.

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