IBP (Installed Building Products) Accounts Receivable : $451 Mil (As of Sep. 2024)

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What is Installed Building Products Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Installed Building Products's accounts receivables for the quarter that ended in Sep. 2024 was $451 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Installed Building Products's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 54.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Installed Building Products's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-18.50.

Installed Building Products Accounts Receivable Historical Data

The historical data trend for Installed Building Products'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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Installed Building Products Accounts Receivable Chart

Installed Building Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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244.52

266.57

312.77

397.20

423.30

Installed Building Products Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															427.09	423.30	425.50	439.60	451.00

Installed Building Products Accounts Receivable Calculation

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

Installed Building Products 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.

Installed Building Products's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	451	/	760.6	*	91
=	54.11

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

Installed Building Products's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(406.2	+	0.75 * 451	+	0.5 * 182.3	-	1356.1
-	0	-	0)	/	28.1417
=	-18.50

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.

Installed Building Products Accounts Receivable Related Terms

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Installed Building Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Installed Building Products Inc (NYSE:IBP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

2IL:Germany

Address

495 South High Street, Suite 50, Columbus, OH, USA, 43215

Website

https://www.installedbuildingproducts.com

Installed Building Products Inc is an insulation installer serving the residential new construction market and are also a diversified installer of complementary building products, including waterproofing, fire-stopping and fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors and other products throughout the United States. The company installs fiberglass insulation, spray foam insulation, and cellulose insulation. The company has three operating segments consisting of Installation, Manufacturing and Distribution operations. Majority of revenue is generated from Installation segment.

Executives

Janet E. Jackson	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Jason R Niswonger	officer: SVP, Finance & IR	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Todd R Fry	officer: Chief Accounting Officer	CHAMPION INDUSTRIES, P O BOX 2968, HUNTINGTON WV 25728-2968
Jeffrey W. Edwards	director, 10 percent owner, officer: President, CEO & Chairman	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Michael Thomas Miller	director, officer: See Remarks	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
William Jeffrey Hire	officer: President of External Affairs	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Marchelle E Moore	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Margot Lebenberg Carter	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
Jay P. Elliott	officer: Chief Operating Offier	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Michael H Thomas	director	100 E CAMPUS VIEW BLVD STE 170, C/O TEAM AMERICA, COLUMBUS OH 43235
Lawrence A. Hilsheimer	director	425 WINTER ROAD, DELAWARE OH 43015
Vikas Verma	director	C/O INSTALLED BUILDING PRODUCTS, INC., 495 S. HIGH STREET, SUITE 50, COLUMBUS OH 43215
David R Meuse	director	191 WEST NATIONWIDE BLVD, COLUMBUS OH 43215
J Michael Nixon	director, 10 percent owner	C/O INSTALLED BUILDING PRODUCTS, INC., 495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215
Installed Building Systems, Inc.	director, 10 percent owner, other: Director by Deputization	495 SOUTH HIGH STREET, SUITE 50, COLUMBUS OH 43215