Lords Group Trading (LSE:LORD) Accounts Receivable : £68.1 Mil (As of Dec. 2023)

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What is Lords Group Trading Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lords Group Trading's accounts receivables for the quarter that ended in Dec. 2023 was £68.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lords Group Trading's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 51.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lords Group Trading's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-0.72.

Lords Group Trading Accounts Receivable Historical Data

The historical data trend for Lords Group Trading'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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Lords Group Trading Accounts Receivable Chart

Lords Group Trading Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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44.22

52.63

50.93

60.67

68.08

Lords Group Trading Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial					50.93	62.07	60.67	56.94	68.08

Lords Group Trading Accounts Receivable Calculation

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

Lords Group Trading 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	68.083	/	240.049	*	91
=	51.76

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

Lords Group Trading'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)
=	(19.811	+	0.75 * 68.083	+	0.5 * 49.292	-	213.291
-	0	-	1.629)	/	165.532
=	-0.72

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.

Lords Group Trading Accounts Receivable Related Terms

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Lords Group Trading (LSE:LORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Lords Group Trading PLC (LSE:LORD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

7S6:Germany

Address

12-15 Hanger Green, 2nd Floor, London, GBR, W5 3EL

Website

https://www.lordsgrouptradingplc.co.uk

Lords Group Trading PLC is a distributor of building, plumbing, heating, and DIY goods. The group principally sells to local tradesmen, small to medium-sized plumbing and heating merchants, construction companies and retails directly to the public. Its operating two divisions include Merchanting: supplies building materials and DIY goods through its network of merchant businesses and online platform capabilities; Heating and Plumbing: a distributor in the UK of heating and plumbing products to a UK network of independent merchants, installers and the general public. It focused on the growing Repairs, Maintenance, and Improvement (RMI) market, and construction market. Its main clients are local tradesmen, hardware stores, plumbing and heating merchants and construction companies.

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