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Norcros (CHIX:NXRL) Accounts Receivable : £71.7 Mil (As of Mar. 2025)


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What is Norcros Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Norcros's accounts receivables for the quarter that ended in Mar. 2025 was £71.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Norcros's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 72.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Norcros's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was £-0.66.


Norcros Accounts Receivable Historical Data

The historical data trend for Norcros'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.

Norcros Accounts Receivable Chart

Norcros Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.40 66.90 78.70 67.50 71.70

Norcros Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 78.70 78.60 67.50 77.80 71.70

Norcros Accounts Receivable Calculation

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


Norcros 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.

Norcros's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=71.7/179.7*91
=72.82

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

Norcros's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2025 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)
=(22.7+0.75 * 71.7+0.5 * 88.2-180.1
-0-0)/89.521
=-0.66

* 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.


Norcros Accounts Receivable Related Terms

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Norcros Business Description

Traded in Other Exchanges
Address
Station Road, Ladyfield House, Wilmslow, Cheshire, GBR, SK9 1BU
Norcros PLC manufactures and markets showers, taps, bathroom accessories, tiles, and adhesives. The company has complementary UK businesses: Triton Showers, Merlyn, Vado, Croydex, Abode, Johnson Tiles, and Norcros Adhesives both for domestic and commercial applications, and three complementary businesses in South Africa: Johnson Tiles South Africa, TAL, and Tile Africa. The Group operates in two main geographical areas: the UK and Ireland and South Africa. The maximum revenue is generated from its business in the United Kingdom.

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