Southwest Gas Holdings (FRA:SZR) Accounts Receivable : €776 Mil (As of Mar. 2024)

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What is Southwest Gas Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Southwest Gas Holdings's accounts receivables for the quarter that ended in Mar. 2024 was €776 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Southwest Gas Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 48.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Southwest Gas Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-95.53.

Southwest Gas Holdings Accounts Receivable Historical Data

The historical data trend for Southwest Gas Holdings'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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Southwest Gas Holdings Accounts Receivable Chart

Southwest Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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426.69

429.23

625.81

817.74

812.97

Southwest Gas Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															843.65	864.08	846.45	812.97	775.68

Southwest Gas Holdings Accounts Receivable Calculation

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

Southwest Gas Holdings 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.

Southwest Gas Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	775.682	/	1454.48	*	91
=	48.66

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

Southwest Gas Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(421.316	+	0.75 * 775.682	+	0.5 * 0	-	7842.165
-	0	-	7.048)	/	71.6656
=	-95.53

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.

Southwest Gas Holdings Accounts Receivable Related Terms

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Southwest Gas Holdings (FRA:SZR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Southwest Gas Holdings Inc (FRA:SZR) » Definitions » Accounts Receivable

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SWX:USA

Address

8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89193-8510

Website

https://www.swgasholdings.com

Southwest Gas Holdings Inc is a utility company primarily engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas operations and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as one of the largest distributors in the states of Arizona and Nevada. The natural gas operations division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.

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