WYGPY (Worley) Accounts Receivable : $963 Mil (As of Jun. 2024)

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What is Worley Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Worley's accounts receivables for the quarter that ended in Jun. 2024 was $963 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Worley's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 46.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Worley's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-4.14.

Worley Accounts Receivable Historical Data

The historical data trend for Worley'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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Worley Accounts Receivable Chart

Worley Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

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1,111.11

1,025.23

992.97

928.86

963.48

Worley Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial															992.97	921.73	928.86	996.65	963.48

Worley Accounts Receivable Calculation

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

Worley 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	963.479	/	3800.133	*	91
=	46.27

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

Worley's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(367.862	+	0.75 * 963.479	+	0.5 * 30.544	-	3298.141
-	0	-	-5.976)	/	527.62
=	-4.14

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.

Worley Accounts Receivable Related Terms

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Worley Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Worley Ltd (OTCPK:WYGPY) » Definitions » Accounts Receivable

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Traded in Other Exchanges

WYGPF:USA WF9:Germany WOR:Australia

Address

420 George Street, Level 19, North Sydney, Sydney, NSW, AUS, 2000

Website

https://www.worley.com

Worley is a leading global provider of professional services, such as engineering, procurement, and construction management, to the oil, gas, mining, power, and infrastructure sectors. Purchase of Jacobs ECR in April 2019 reduced revenue contribution from hydrocarbons to just over 50%, from a prior 75%-80% position. Metals and mining contributes 23% and infrastructure and chemicals the balance. Worley has a global presence with about 59,000 staff in more than 50 countries. It has a strong presence in many developing economies, including Africa.