Grafton Group (Grafton Group) Accounts Receivable : $220 Mil (As of Dec. 2023)

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What is Grafton Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grafton Group's accounts receivables for the quarter that ended in Dec. 2023 was $220 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grafton Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 28.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grafton Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.37.

Grafton Group Accounts Receivable Historical Data

The historical data trend for Grafton Group'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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Grafton Group Accounts Receivable Chart

Grafton Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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343.51

320.09

203.66

218.61

220.18

Grafton Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															203.66	353.63	218.61	370.00	220.18

Grafton Group Accounts Receivable Calculation

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

Grafton Group 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.

Grafton Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	220.175	/	1430.278	*	91
=	28.09

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

Grafton Group'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)
=	(739.163	+	0.75 * 220.175	+	0.5 * 457.719	-	1456.599
-	0	-	0)	/	235.927
=	-1.37

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.

Grafton Group Accounts Receivable Related Terms

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Grafton Group (Grafton Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Grafton Group PLC (OTCPK:GROUF) » Definitions » Accounts Receivable

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GFTUl:UK GFTU:UK GN5:Germany

Address

Carmanhall Road, The Hive, Sandyford Business Park, Dublin, IRL, D18 Y2C9

Website

https://www.graftonplc.com

Grafton Group PLC is a distributor of building materials that operates in three segments; The Distribution segment is into the distribution of building and plumbing materials to professional trades people engaged in residential repair, maintenance, and improvement projects and also in residential and other new build construction, The Retailing segment operates DIY and home improvement business from a network of 35 stores that supply mainly retail customers with wide products for DIY and for the home and garden, and The Manufacturing segment is into the manufacture of dry mortar in Great Britain. The company also operates in residential and other new build construction. Geographically, the company generates over half of its revenue from the United Kingdom.

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