Shoppers Drug Mart (FRA:SDZ) Accounts Receivable : €371 Mil (As of Dec. 2013)

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

What is Shoppers Drug Mart Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shoppers Drug Mart's accounts receivables for the quarter that ended in Dec. 2013 was €371 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shoppers Drug Mart's Days Sales Outstanding for the quarter that ended in Dec. 2013 was 17.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shoppers Drug Mart's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was €-5.09.

Shoppers Drug Mart Accounts Receivable Historical Data

The historical data trend for Shoppers Drug Mart'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.

Shoppers Drug Mart Accounts Receivable Chart

Shoppers Drug Mart Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Accounts Receivable

Get a 7-Day Free Trial

306.66

324.04

366.33

361.59

370.61

Shoppers Drug Mart Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Accounts Receivable	Get a 7-Day Free Trial															361.59	340.62	331.03	367.33	370.61

Shoppers Drug Mart Accounts Receivable Calculation

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

Shoppers Drug Mart 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.

Shoppers Drug Mart's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	370.614	/	1884.716	*	91
=	17.94

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

Shoppers Drug Mart's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(45.485	+	0.75 * 370.614	+	0.5 * 1577.756	-	2133.351
-	0	-	0)	/	200.400
=	-5.09

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.

Shoppers Drug Mart Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Shoppers Drug Mart's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shoppers Drug Mart (FRA:SDZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shoppers Drug Mart Corporation (FRA:SDZ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.shoppersdrugmart.ca

Shoppers Drug Mart Corporation was founded in 1962. The Company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in QuÃ©bec). The stores are owned and operated by the Company's licensed Associate-owners who have helped build a brand that is synonymous with exceptional service, value and trust. The Company also licenses or owns more than 55 medical clinic pharmacies operating under the name Shoppers Simply Pharmacy (Pharmaprix Simplement SantÃ© in QuÃ©bec) and six luxury beauty destinations operating as Murale. The Company owns and operates 62 Shoppers Home Health Care stores, which are engaged in the sale and service of assisted-living devices, medical equipment, home-care products and durable mobility equipment to institutional and retail customers. In addition to its retail store network, the Company owns Shoppers Drug Mart Specialty Health Network Inc., a provider of specialty drug distribution, pharmacy and comprehensive patient support services, and MediSystem Technologies Inc., a provider of pharmaceutical products and services to long-term care facilities.

Shoppers Drug Mart (FRA:SDZ) Headlines

No Headlines