SLMNP.PFD (Lyondellbasell Advanced Polymers) Accounts Receivable : $443.71 Mil (As of May. 2018)

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What is Lyondellbasell Advanced Polymers Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lyondellbasell Advanced Polymers's accounts receivables for the quarter that ended in May. 2018 was $443.71 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lyondellbasell Advanced Polymers's Days Sales Outstanding for the quarter that ended in May. 2018 was 56.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lyondellbasell Advanced Polymers's Net-Net Working Capital per share for the quarter that ended in May. 2018 was $N/A.

Lyondellbasell Advanced Polymers Accounts Receivable Historical Data

The historical data trend for Lyondellbasell Advanced Polymers'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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Lyondellbasell Advanced Polymers Accounts Receivable Chart

Lyondellbasell Advanced Polymers Annual Data

Trend

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Accounts Receivable

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304.70

310.75

384.44

413.94

376.79

Lyondellbasell Advanced Polymers Quarterly Data
	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18
Accounts Receivable	Get a 7-Day Free Trial															411.00	408.44	430.07	439.45	443.71

Lyondellbasell Advanced Polymers Accounts Receivable Calculation

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

Lyondellbasell Advanced Polymers 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.

Lyondellbasell Advanced Polymers's Days Sales Outstanding for the quarter that ended in May. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	443.705	/	722.24	*	91
=	56.06

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

Lyondellbasell Advanced Polymers's Net-Net Working Capital Per Share for the quarter that ended in May. 2018 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)
=	(52.002	+	0.75 * 443.705	+	0.5 * 304.438	-	1566.474
-	120.289	-	10.545)	/	0
=	N/A

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.

Lyondellbasell Advanced Polymers Accounts Receivable Related Terms

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Lyondellbasell Advanced Polymers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lyondellbasell Advanced Polymers Inc (OTCPK:SLMNP.PFD) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

1221 McKinney Street, Suite 300, Houston, TX, USA, 77010

Website

https://www.lyondellbasell.com

Lyondellbasell Advanced Polymers Inc manufactures and sells a variety of plastics and chemical-based products. The firm's product portfolio includes Engineered Thermoplastics, Masterbatch, Engineered Composites, Specialty Powders, and Distribution Services. The company organizes itself into four main segments by geography. Europe, Middle East, and Africa segment generate more revenue than any other segment. The other segments are the United States and Canada, Latin America, and Asia-Pacific.

Executives

Carol S Eicher	director	ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Allen A Spizzo	director	1313 N MARKET ST, WILMINGTON DE 19894
Kathleen M. Oswald	director	3637 RIDGEWOOD RD, AKRON OH 44308
Gary D. Phillips	officer: Chief Commercial Officer	3637 RIDGEWOOD RD., AKRON OH 44333
John W Richardson	officer: EVP - Chief Financial Officer	THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001
Andreas K Gunther	officer: EVP - Chief Human Resources	3637 RIDGEWOOD ROAD, FAIRLAWN OH 44333
Brent Middleton	officer: SVP GM USCAN	1228 TITAN WAY, SUNNYVALE CA 94085
Frank Roederer	officer: SVP & GM Engineered Composites	3637 RIDGEWOOD RD, FAIRLAWN X1 44333
Rainer Schewe	officer: EVP Global Supply Chain	3637 RIDGEWOOD RD, FAIRLAWN X1 44333
Andrean Horton	officer: Senior Corp. Counsel	3637 RIDGEWOOD RD, FAIRLAWN X1 44333
Kevin T Andrews	officer: SVP - GM Engineered Composites	3637 RIDGEWOOD RD, FAIRLAWN OH 44333
Kristopher R Westbrooks	officer: VP - Controller and CAO	3637 RIDGEWOOD ROAD, FAIRLAWN OH 44333
Stacy R Walter	officer: VP - Internal Audit	3550 WEST MARKET STREET, AKRON OH 44333
Timothy J Mcdannold	officer: Treasurer - Dir.Risk Mngmnt.	5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Heinrich Lingnau-schneider	officer: VP & General Manager - Europe	3550 WEST MARKET STREET, AKRON OH 44333