McRae Industries (McRae Industries) Accounts Receivable : $19.9 Mil (As of Jul. 2023)

McRae Industries Accounts Receivable Chart

McRae Industries Annual Data
	Trend	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Accounts Receivable		Get a 7-Day Free Trial					11.25	9.75	-	26.09	19.88

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Accounts Receivable	Get a 7-Day Free Trial															11.25	9.75	-	26.09	19.88

McRae Industries Accounts Receivable Calculation

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

McRae Industries 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.

McRae Industries's Days Sales Outstanding for the quarter that ended in Jul. 2023 is calculated as:

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

McRae Industries's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2023 is calculated as:

* 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.

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McRae Industries (McRae Industries) Business Description