El AL Israel Airlines (El AL Israel Airlines) Accounts Receivable : $294 Mil (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is El AL Israel Airlines Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. El AL Israel Airlines's accounts receivables for the quarter that ended in Dec. 2023 was $294 Mil.

Accounts receivable can be measured by Days Sales Outstanding. El AL Israel Airlines's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 39.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. El AL Israel Airlines's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.36.

El AL Israel Airlines Accounts Receivable Historical Data

The historical data trend for El AL Israel Airlines'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.

El AL Israel Airlines Accounts Receivable Chart

El AL Israel Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

139.90

39.68

87.75

224.60

293.80

El AL Israel Airlines 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															224.60	251.93	260.55	221.43	293.80

El AL Israel Airlines Accounts Receivable Calculation

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

El AL Israel Airlines 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.

El AL Israel Airlines's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	293.8	/	677.781	*	91
=	39.55

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

El AL Israel Airlines'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)
=	(405.7	+	0.75 * 293.8	+	0.5 * 15.5	-	3527.7
-	0	-	-21.9)	/	252.783
=	-11.36

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.

El AL Israel Airlines Accounts Receivable Related Terms

Thank you for viewing the detailed overview of El AL Israel Airlines's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

El AL Israel Airlines (El AL Israel Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » El AL Israel Airlines Ltd (OTCPK:ELALF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ELAL:Israel

Address

PO Box 41, Ben Gurion Airport, Lod, ISR, 7015001

Website

http://www.elal.co.il

El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.