Agrium (TSX:AGU) Accounts Receivable : C$4,144 Mil (As of Sep. 2017)

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What is Agrium Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Agrium's accounts receivables for the quarter that ended in Sep. 2017 was C$4,144 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Agrium's Days Sales Outstanding for the quarter that ended in Sep. 2017 was 129.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Agrium's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was C$-57.95.

Agrium Accounts Receivable Historical Data

The historical data trend for Agrium'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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Agrium Accounts Receivable Chart

Agrium Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Accounts Receivable

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2,070.66

1,989.49

2,041.16

2,438.17

2,539.75

Agrium Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Accounts Receivable	Get a 7-Day Free Trial															3,882.59	2,539.75	3,099.09	5,056.09	4,144.16

Agrium Accounts Receivable Calculation

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

Agrium 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.

Agrium's Days Sales Outstanding for the quarter that ended in Sep. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4144.162	/	2924.858	*	91
=	129.29

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

Agrium's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 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)
=	(302.063	+	0.75 * 4144.162	+	0.5 * 3262.53	-	13040.298
-	0	-	7.367)	/	138.164
=	-57.95

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.

Agrium Accounts Receivable Related Terms

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Agrium (TSX:AGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Agrium Inc (TSX:AGU) » Definitions » Accounts Receivable

Comparable Companies

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N/A

Address

Website

http://www.agrium.com

With more than 1,400 retail centers, Canada-based Agrium is the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, and seed directly to farm customers. The company's wholesale business produces and markets the three main crop nutrients--nitrogen, potash, and phosphate--with natural resources located mainly in Canada and the United States. The bulk of Agrium's sales are generated in the U.S., Canada, and Australia.