SMSEY (Samsonite Group) Accounts Receivable : $313 Mil (As of Dec. 2024)

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What is Samsonite Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Samsonite Group's accounts receivables for the quarter that ended in Dec. 2024 was $313 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Samsonite Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 30.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Samsonite Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-8.45.

Samsonite Group Accounts Receivable Historical Data

The historical data trend for Samsonite Group'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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Samsonite Group Accounts Receivable Chart

Samsonite Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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129.80

197.60

281.70

304.10

313.40

Samsonite Group Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															304.10	-	346.10	-	313.40

Samsonite Group Accounts Receivable Calculation

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

Samsonite Group 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.

Samsonite Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	313.4	/	942.4	*	91
=	30.35

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

Samsonite Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(676.3	+	0.75 * 313.4	+	0.5 * 651.4	-	3534.2
-	0	-	68.8)	/	279.922
=	-8.45

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.

Samsonite Group Accounts Receivable Related Terms

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Samsonite Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Samsonite Group SA (OTCPK:SMSEY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SMSOF:USA 01910:Hong Kong 1SO:Germany 1SO:Germany

Address

13-15, Avenue de la Liberte, Luxembourg, LUX, L-1931

Website

https://www.corporate.samsonite.com

Samsonite is the world's largest luggage company with a 20% market share in 2023. The company produces and sells travel luggage under various brands targeting the mid-market to high-end consumers. The group's key brand is Samsonite, whose market presence is well established, followed by Tumi, the high-end brand acquired in 2016, which alongside mass-market brand American Tourister, are the next largest earnings contributors. The majority of its products are manufactured by third parties, but Samsonite does produce its own select proprietary materials.