Knowlton Development (Knowlton Development) Accounts Receivable : $313.20 Mil (As of Jul. 2021)

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What is Knowlton Development Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Knowlton Development's accounts receivables for the quarter that ended in Jul. 2021 was $313.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Knowlton Development's Days Sales Outstanding for the quarter that ended in Jul. 2021 was 47.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Knowlton Development's Net-Net Working Capital per share for the quarter that ended in Jul. 2021 was $-1,198.04.

Knowlton Development Accounts Receivable Historical Data

The historical data trend for Knowlton Development'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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Knowlton Development Accounts Receivable Chart

Knowlton Development Annual Data

Trend

Apr20

Apr21

Accounts Receivable

272.70

289.90

Knowlton Development Quarterly Data
	Apr20	Jul20	Apr21	Jul21
Accounts Receivable	272.70	-	289.90	313.20

Knowlton Development Accounts Receivable Calculation

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

Knowlton Development 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.

Knowlton Development's Days Sales Outstanding for the quarter that ended in Jul. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	313.2	/	603.4	*	91
=	47.36

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

Knowlton Development's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2021 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)
=	(96.2	+	0.75 * 313.2	+	0.5 * 290.5	-	2713.1
-	0	-	0)	/	1.867
=	-1,198.04

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.

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Knowlton Development (Knowlton Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Knowlton Development Corp Inc (NYSE:KDC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

375 Roland-Therrien Boulevard, Suite 210, Longueuil, QC, CAN, J4H 4A6

Website

https://www.kdc-one.com

Knowlton Development Corp Inc is involved in the formulation, design, packaging and manufacturing of beauty, personal care, and home care products. It offers skin care, body and hair care, soaps and sanitizers, cosmetics, deodorants, sun care, fragrances, air care, fabric care, pest control and surface care products.