REXAM (REXMY) Accounts Receivable : $563 Mil (As of Dec. 2015)

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What is REXAM Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. REXAM's accounts receivables for the quarter that ended in Dec. 2015 was $563 Mil.

Accounts receivable can be measured by Days Sales Outstanding. REXAM's Days Sales Outstanding for the quarter that ended in Dec. 2015 was 35.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. REXAM's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was $-27.83.

REXAM Accounts Receivable Historical Data

The historical data trend for REXAM'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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REXAM Accounts Receivable Chart

REXAM Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Accounts Receivable

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806.85

712.44

634.43

611.89

562.87

REXAM Semi-Annual Data
	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
Accounts Receivable	Get a 7-Day Free Trial															634.43	981.39	611.89	866.04	562.87

REXAM Accounts Receivable Calculation

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

REXAM 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.

REXAM's Days Sales Outstanding for the quarter that ended in Dec. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	562.874	/	2928.144	*	91
=	35.08

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

REXAM's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 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)
=	(410.18	+	0.75 * 562.874	+	0.5 * 805.389	-	5070.36
-	0	-	91.317)	/	141.081
=	-27.83

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.

REXAM Accounts Receivable Related Terms

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REXAM (REXMY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » REXAM PLC (OTCPK:REXMY) » Definitions » Accounts Receivable

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Address

Website

http://www.rexam.com

REXAM PLC was incorporated on July 13, 1923. It is a consumer packaging group and a beverage can maker. The Company is a manufacturer of beverage cans, the majority of which are made of aluminium. It makes all sorts of cans, in different shapes and sizes with different finishes, decorations and ends. It is based in the UK, and has factories across five continents. It is organised into four operating segments for Beverage Cans based on the geographical locations of Europe, AMEA (Africa, Middle East & Asia), North America and South America. For external reporting, the four operating segments for Beverage Cans are combined into two reportable segments, Americas and Europe & Rest of World. It makes a broad range of can sizes for products such as carbonated soft drinks, beer, energy drinks and other drinks categories. Beverage Cans comprise aluminium and steel cans for a variety of beverages including carbonated soft drinks, beer and energy drinks. The Company's customers include many of the world's favourite brands.

REXAM (REXMY) Headlines

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