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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FMC's accounts receivables for the quarter that ended in Sep. 2024 was $2,891 Mil.
Accounts receivable can be measured by Days Sales Outstanding. FMC's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 247.57.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FMC's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-34.69.
The historical data trend for FMC'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.
FMC Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 2,231.20 | 2,330.30 | 2,583.70 | 2,871.40 | 2,703.20 |
FMC Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Accounts Receivable | Get a 7-Day Free Trial | 2,564.50 | 2,703.20 | 2,817.90 | 2,702.40 | 2,890.50 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
FMC's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 2890.5 | / | 1065.4 | * | 91 |
= | 247.57 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), FMC's accounts receivable are only considered to be worth 75% of book value:
FMC's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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) | ||
= | (416.7 | + | 0.75 * 2890.5 | + | 0.5 * 1392.1 | - | 7588.6 |
- | 0 | - | 22.3) | / | 124.836 | ||
= | -34.69 |
* 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.
Thank you for viewing the detailed overview of FMC's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Jacqueline Scanlan | officer: Executive VP & Chief HRO | HAEMONETICS CORPORATION, 400 WOOD ROAD, BRAINTREE MA 02184 |
Andrew D Sandifer | officer: EVP and CFO | FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104 |
Robert C Pallash | director | 17000 ROTUNDA DRIVE, DEARBORN MI 48120 |
Ronaldo Pereira | officer: EVP, President, FMC Americas | 1620 MONK RD, GLADWYNE PA 19035 |
Nicholas Pfeiffer | officer: Corporate Controller | 1735 MARKET STREET, PHILADELPHIA PA 19103 |
Patricia Verduin | director | ONE CONAGRA DRIVE, OMAHA NE 68102 |
Mark Douglas | officer: Pres., Agricultural Solutions | ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106 |
Vsevolod Rostovtsev | officer: VP & Chief Technology Officer | 909 TWYCKENHAM ROAD, MEDIA PA 19063 |
Michael Finian Reilly | officer: EVP, General Counsel & Sec. | FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104 |
Kathy Lynn Fortmann | director | INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019 |
Kathleen Shelton | officer: EVP, Chief Technology Officer | 630 UNIVERSITY PLACE, SWARTHMORE PA 19081 |
Diane Allemang | officer: EVP & Chief Marketing Officer | 1615 NORTH CLEVELAND STREET, ARLINGTON VA 22201 |
Carol Anthony Davidson | director | |
Eduardo E Cordeiro | director | C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210 |
Volpe Vincent R Jr | director | C/O DRESSER-RAND GROUP INC, PAUL CLARK DRIVE, OLEAN NY 14760 |
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