BlackRock (XTER:UU2) Accounts Receivable : €3,951 Mil (As of Sep. 2024)

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What is BlackRock Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BlackRock's accounts receivables for the quarter that ended in Sep. 2024 was €3,951 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BlackRock's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 76.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BlackRock's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was €-440.55.

BlackRock Accounts Receivable Historical Data

The historical data trend for BlackRock'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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BlackRock Accounts Receivable Chart

BlackRock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2,861.10

2,905.77

3,353.27

3,081.22

3,590.97

BlackRock Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															3,641.18	3,590.97	3,644.12	3,703.92	3,950.89

BlackRock Accounts Receivable Calculation

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

BlackRock 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3950.885	/	4682.497	*	91
=	76.99

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

BlackRock's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(14421.406	+	0.75 * 3950.885	+	0.5 * 0	-	80361.992
-	0	-	2203.846)	/	147.954
=	-440.55

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.

BlackRock Accounts Receivable Related Terms

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BlackRock Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Inc (XTER:UU2) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

BLK:USA BLK:Mexico 1BLK:Italy 0QZZ:UK UU2:Germany UU2:Germany UU2:Germany BLK:Canada BLAK34:Brazil

Address

50 Hudson Yards, New York, NY, USA, 10001

Website

https://www.blackrock.com

BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.

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