Marcopolo (BSP:POMO4) Accounts Receivable : R$1,229 Mil (As of Dec. 2023)

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What is Marcopolo Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Marcopolo's accounts receivables for the quarter that ended in Dec. 2023 was R$1,229 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Marcopolo's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 54.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Marcopolo's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R$-1.05.

Marcopolo Accounts Receivable Historical Data

The historical data trend for Marcopolo'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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Marcopolo Accounts Receivable Chart

Marcopolo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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863.02

970.45

657.58

1,242.56

1,228.66

Marcopolo 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															1,242.56	1,283.83	1,120.39	1,258.97	1,228.66

Marcopolo Accounts Receivable Calculation

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

Marcopolo 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1228.661	/	2049.945	*	91
=	54.69

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

Marcopolo'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)
=	(1536.121	+	0.75 * 1228.661	+	0.5 * 1545.481	-	4371.594
-	0	-	42.046)	/	1129.81
=	-1.05

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.

Marcopolo Accounts Receivable Related Terms

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Marcopolo (BSP:POMO4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Marcopolo SA (BSP:POMO4) » Definitions » Accounts Receivable

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POMO3:Brazil

Address

Avenida Marcopolo, 280, Bairro Planalto, Caxias do Sul, RS, BRA, 95060-145

Website

http://www.marcopolo.com.br

Marcopolo SA is a Brazilian auto manufacturer. The line of products includes a wide variety of models, composed of the groups of intercity, urban, micro, and mini-buses, as well as the Volare family (complete bus, with chassis and body). The buses are manufactured in facilities predominantly in Brazil and in Columbia, Egypt, India, Mexico, and China. The revenues that the company derives from its exports are marginally higher than that from domestic sales. Marcopolo sells its vehicles under such brand names as Volare, Fratello, Andare, Viaggio, Torino, and Viale. Its activities are divided into two segments, Industrial and Financial. The industrial segment is its core segment which manufactures buses and the financial segment is responsible for financing transactions through Banco Moneo.

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