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Hoganas AB (LTS:0GMD) Accounts Receivable : kr1,252 Mil (As of Jun. 2013)


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What is Hoganas AB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hoganas AB's accounts receivables for the quarter that ended in Jun. 2013 was kr1,252 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hoganas AB's Days Sales Outstanding for the quarter that ended in Jun. 2013 was 69.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hoganas AB's Net-Net Working Capital per share for the quarter that ended in Jun. 2013 was kr-11.19.


Hoganas AB Accounts Receivable Historical Data

The historical data trend for Hoganas AB'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.

* Premium members only.

Hoganas AB Accounts Receivable Chart

Hoganas AB Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 728.00 707.00 889.00 934.00 826.00

Hoganas AB Quarterly Data
Dec07 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,384.00 1,290.00 1,030.00 1,253.00 1,252.00

Hoganas AB Accounts Receivable Calculation

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


Hoganas AB 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.

Hoganas AB's Days Sales Outstanding for the quarter that ended in Jun. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1252/1652*91
=69.16

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

Hoganas AB's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2013 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)
=(151+0.75 * 1252+0.5 * 1587-2273
-0-0)/34.805
=-11.19

* 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.


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.


Hoganas AB Accounts Receivable Related Terms

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Hoganas AB (LTS:0GMD) Business Description

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Höganäs AB develops, manufactures and markets metal powders and metal powder technology. Metal powders are used in iron fortification, printing, surface coating, welding, friction materials, chemical and metallurgical processes & soft magnetic composites.

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