Hydrofarm Holdings Group (Hydrofarm Holdings Group) Accounts Receivable : $15.8 Mil (As of Dec. 2023)

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What is Hydrofarm Holdings Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hydrofarm Holdings Group's accounts receivables for the quarter that ended in Dec. 2023 was $15.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hydrofarm Holdings Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 30.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hydrofarm Holdings Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.00.

Hydrofarm Holdings Group Accounts Receivable Historical Data

The historical data trend for Hydrofarm Holdings 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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Hydrofarm Holdings Group Accounts Receivable Chart

Hydrofarm Holdings Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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14.80

19.33

34.36

16.65

15.82

Hydrofarm Holdings Group Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial														16.65	21.74	17.51	15.99	15.82

Hydrofarm Holdings Group Accounts Receivable Calculation

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

Hydrofarm Holdings 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.

Hydrofarm Holdings 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
=	15.82	/	47.184	*	91
=	30.59

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

Hydrofarm Holdings 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)
=	(30.312	+	0.75 * 15.82	+	0.5 * 75.354	-	217.033
-	0	-	0)	/	45.7899
=	-3.00

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.

Hydrofarm Holdings Group Accounts Receivable Related Terms

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Hydrofarm Holdings Group (Hydrofarm Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hydrofarm Holdings Group Inc (NAS:HYFM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

5TUA:Germany 5TUA:Germany

Address

1510 Main Street, Shoemakersville, PA, USA, 19526

Website

https://www.hydrofarm.com

Hydrofarm Holdings Group Inc is a distributor and manufacturer of agriculture equipment and supplies. Some of its products include lighting solutions, growing media (i.e., premium soils and soil alternatives), nutrients, equipment, and supplies sold under proprietary, exclusive/preferred brands, or non-exclusive/distributed brands. The business is organized into two operating segments, the U.S. and Canada.

Executives

William Douglas Toler	director, officer: CEO and Chairman of the Board	1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 64111
Kevin Patrick O'brien	officer: Chief Accounting Officer	C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, SUITE 200, LITTLETON CO 80127
Terence Fitch	officer: President	32 ORLE CIR, LITTLE ROCK AR 72223
Mark S Parker	officer: Executive Vice President	C/O HYDROFARM HOLDINGS GROUP, INC., 1510 MAIN STREET, SHOEMAKERSVILLE PA 19526
Patrick Chung	director	13 CARNATION RD, THORNHILL A6 L3T 7V3
Joseph D Rumley	officer: Chief Accounting Officer	1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Renah Persofsky	director	55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3
Susan Peters	director	40 OLD MILITARY ROAD, HILTON HEAD SC 29928
Richard D Moss	director	1715 WEST 38TH STREET, CHATTANOOGA TN 37409
Bruce John Lindeman	officer: CFO	1500 PATHFINDER AVENUE, WESTLAKE VILLAGE CA 91362
Melisa Denis	director	627 WESTHAVEN RD., COPPELL TX 75019
Chris Payne	10 percent owner	C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2
John Tomes	10 percent owner	C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2
Peter Wardenburg	10 percent owner	3 BEYER CT., NOVATO CA 94945