SNIRF (Senior) Accounts Receivable : $151 Mil (As of Dec. 2024)

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What is Senior Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Senior's accounts receivables for the quarter that ended in Dec. 2024 was $151 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Senior's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 45.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Senior's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.90.

Senior Accounts Receivable Historical Data

The historical data trend for Senior'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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Senior Accounts Receivable Chart

Senior Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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96.10

113.30

134.71

158.10

150.70

Senior Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															134.71	185.73	158.10	183.59	150.70

Senior Accounts Receivable Calculation

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

Senior 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	150.695	/	601.391	*	91
=	45.73

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

Senior'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)
=	(57.522	+	0.75 * 150.695	+	0.5 * 298.357	-	690.139
-	0	-	0)	/	413.400
=	-0.90

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.

Senior Accounts Receivable Related Terms

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Senior Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Senior PLC (OTCPK:SNIRF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SNRl:UK SNR:UK 1JD:Germany

Address

59/61 High Street, Rickmansworth, Hertfordshire, GBR, WD3 1RH

Website

https://www.seniorplc.com

Senior PLC produces technology components and systems for original equipment manufacturers in aerospace, defense, land vehicles, and energy markets. It is divided into two divisions: Aerospace and Flexonics. Aerospace technology provides products and systems for demanding applications in aerospace & defense and adjacent markets, its products include fluid conveyance, and thermal management components. Flexonics provides technology products and systems for demanding applications in land vehicles, power & energy, and adjacent markets, its products include petrochemicals, renewable energy, and a variety of other industrial applications. The company has revenue from its Aerospace Segment. Operations are located in North America and Europe, majority of revenue from USA.