Otis Worldwide (MEX:OTIS) Accounts Receivable : MXN67,557 Mil (As of Sep. 2024)

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What is Otis Worldwide Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Otis Worldwide's accounts receivables for the quarter that ended in Sep. 2024 was MXN67,557 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Otis Worldwide's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 88.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Otis Worldwide's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was MXN-564.44.

Otis Worldwide Accounts Receivable Historical Data

The historical data trend for Otis Worldwide'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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Otis Worldwide Accounts Receivable Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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55,523.84

59,417.40

63,942.14

62,991.58

57,542.70

Otis Worldwide 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															57,395.27	57,542.70	57,522.62	62,819.63	67,557.42

Otis Worldwide Accounts Receivable Calculation

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

Otis Worldwide 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.

Otis Worldwide's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	67557.419	/	69861.184	*	91
=	88.24

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

Otis Worldwide'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)
=	(16283.878	+	0.75 * 67557.419	+	0.5 * 12306.438	-	296161.803
-	0	-	2382.526)	/	399.4
=	-564.44

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.

Otis Worldwide Accounts Receivable Related Terms

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Otis Worldwide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (MEX:OTIS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

OTIS:USA 4PG:Germany O1TI34:Brazil OTIS:Austria

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.