Kaydon (FRA:KYD) Accounts Receivable : €56.5 Mil (As of Jun. 2013)

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What is Kaydon Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kaydon's accounts receivables for the quarter that ended in Jun. 2013 was €56.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kaydon's Days Sales Outstanding for the quarter that ended in Jun. 2013 was 58.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kaydon's Net-Net Working Capital per share for the quarter that ended in Jun. 2013 was €-2.62.

Kaydon Accounts Receivable Historical Data

The historical data trend for Kaydon'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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Kaydon Accounts Receivable Chart

Kaydon Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

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Dec08

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Dec12

Accounts Receivable

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58.40

53.49

57.46

59.62

54.41

Kaydon Quarterly Data
	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Accounts Receivable	Get a 7-Day Free Trial															78.94	72.47	54.41	55.48	56.53

Kaydon Accounts Receivable Calculation

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

Kaydon 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.

Kaydon's Days Sales Outstanding for the quarter that ended in Jun. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.532	/	88.946	*	91
=	58.00

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

Kaydon's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2013 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)
=	(53.012	+	0.75 * 56.532	+	0.5 * 73.788	-	215.809
-	0	-	0)	/	31.847
=	-2.62

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.

Kaydon Accounts Receivable Related Terms

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Kaydon (FRA:KYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kaydon Corporation (FRA:KYD) » Definitions » Accounts Receivable

Traded in Other Exchanges

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Address

Website

http://www.kaydon.com

Kaydon Corporation was incorporated in 1983. The Company is a designer and manufacturer of custom engineered, performance-critical products supplying a broad and diverse customer base. The Company's main products now include bearings and components, filters and filter housings, custom rings, shaft seals, linear deceleration products, specialty balls, fuel cleansing systems, gas-phase air filtration systems and replacement media, industrial presses and metal alloy products. These products are used by customers in a variety of alternative energy, specialized robotics, medical, material handling, machine tool positioning, aerospace, defense, security, electronic and other industrial applications. The Company has two reportable segments and other operating segments engaged in the manufacture and sale of the following: Friction Control Products - complex components used in alternative energy, specialized robotics, medical, aerospace, defense, security, electronic, material handling, construction and other industrial applications. Products include anti-friction bearings, split roller bearings and specialty balls; Velocity Control Products - complex components used in specialized robotics, material handling, machine tool, medical, amusement and other industrial applications. Products include industrial shock absorbers, safety shock absorbers, velocity controls, gas springs and rotary dampers; and Other Industrial Products - complex and standard ring and seal products, filter elements and liquid and gas-phase filtration systems, metal alloys, machine tool components, presses, dies and benders used in a variety of applications. The Company sells its products in each segment through a sales organization consisting of salespersons and representatives located primarily throughout North America, Europe and Asia. The Company holds various patents, patent applications, licenses, trademarks and trade names. The Company's competitors include a number of other well-established manufacturers, as well as other smaller companies.

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