GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (BSP:USIM5) » Definitions » Accounts Receivable

Usinas Siderurgicas de Minas Gerais (BSP:USIM5) Accounts Receivable : R$3,386 Mil (As of Mar. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Usinas Siderurgicas de Minas Gerais Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Usinas Siderurgicas de Minas Gerais's accounts receivables for the quarter that ended in Mar. 2024 was R$3,386 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Usinas Siderurgicas de Minas Gerais's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 49.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Usinas Siderurgicas de Minas Gerais's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was R$-3.09.


Usinas Siderurgicas de Minas Gerais Accounts Receivable Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais Accounts Receivable Chart

Usinas Siderurgicas de Minas Gerais Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,938.44 2,372.79 3,563.33 3,547.95 3,509.03

Usinas Siderurgicas de Minas Gerais Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3,538.48 3,416.77 3,467.88 3,509.03 3,385.87

Usinas Siderurgicas de Minas Gerais Accounts Receivable Calculation

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


Usinas Siderurgicas de Minas Gerais 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.

Usinas Siderurgicas de Minas Gerais's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3385.869/6222.819*91
=49.65

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

Usinas Siderurgicas de Minas Gerais's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(5742.501+0.75 * 3385.869+0.5 * 7033.693-12886.1
-0-2715.099)/1231.01
=-3.09

* 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.


Usinas Siderurgicas de Minas Gerais Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Usinas Siderurgicas de Minas Gerais's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Usinas Siderurgicas de Minas Gerais (BSP:USIM5) Business Description

Address
Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

Usinas Siderurgicas de Minas Gerais (BSP:USIM5) Headlines

No Headlines