Heico (HEI.A) Accounts Receivable : $526 Mil (As of Jul. 2024)

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What is Heico Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Heico's accounts receivables for the quarter that ended in Jul. 2024 was $526 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Heico's Days Sales Outstanding for the quarter that ended in Jul. 2024 was 48.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Heico's Net-Net Working Capital per share for the quarter that ended in Jul. 2024 was $-19.65.

Heico Accounts Receivable Historical Data

The historical data trend for Heico'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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Heico Accounts Receivable Chart

Heico Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Receivable

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274.33

210.43

244.92

294.85

509.08

Heico Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Accounts Receivable	Get a 7-Day Free Trial															355.49	509.08	471.70	504.36	525.75

Heico Accounts Receivable Calculation

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

Heico 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.

Heico's Days Sales Outstanding for the quarter that ended in Jul. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	525.75	/	992.246	*	91
=	48.35

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

Heico's Net-Net Working Capital Per Share for the quarter that ended in Jul. 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)
=	(202.94	+	0.75 * 525.75	+	0.5 * 1124.765	-	3496.259
-	0	-	386.201)	/	138.583
=	-19.65

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.

Heico Accounts Receivable Related Terms

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Heico Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Heico Corp (NYSE:HEI.A) » Definitions » Accounts Receivable

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Traded in Other Exchanges

HEI:USA 0J46:UK HC1A:Germany HC1:Germany HC1:Germany H1EI34:Brazil

Address

3000 Taft Street, Hollywood, FL, USA, 33021

Website

https://www.heico.com

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other categories. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is persistently acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.