Titan International Accounts Receivables 2011-2026 | TWI

Accounts receivable — is the amount of money owed to a company by other organizations, individuals, or the government. It arises when a company has already delivered goods, performed work, or provided services, but has not yet received payment for them.

Examples of accounts receivable

Customers have not paid invoices for delivered products
An advance has been paid to a supplier, but goods have not yet been received
Employees have not reported on accountable amounts
The government must refund tax overpayments
Outstanding loans issued

Importance of accounts receivable in company analysis

Asset quality
Accounts receivable are part of current assets. But they are not cash — they are promises. Investors assess how realistic these promises are to be collected. The higher the share of overdue or doubtful receivables, the greater the risk of asset impairment.
Impact on cash flow
Even if a company shows a profit, the money can be "tied up" in receivables. This means profit does not turn into actual cash, and the company may face liquidity shortages.
Assessment of management efficiency
The following accounts receivable turnover ratios are commonly used:
Receivables turnover = Revenue / Average accounts receivable
(the higher — the better)

Days Sales Outstanding (DSO) = 365 / Turnover
(the fewer days — the faster customers pay)

If the DSO is constantly increasing — this is a red flag — customers are delaying payments, and money gets stuck in settlements.

Annual Accounts Receivables Titan International

2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
219 M	267 M	255 M	193 M	185 M	242 M	227 M	179 M	177 M	199 M	263 M	298 M	190 M

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
298 M	177 M	223 M

Quarterly Accounts Receivables Titan International

2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
323 M	212 M	273 M	317 M	356 M	219 M	239 M	281 M	326 M	267 M	282 M	-	309 M	255 M	261 M	266 M	250 M	193 M	193 M	193 M	193 M	185 M	221 M	185 M	185 M	242 M	259 M	242 M	242 M	227 M	236 M	227 M	227 M	179 M	184 M	179 M	179 M	177 M	177 M	177 M	177 M	199 M	199 M	199 M	199 M	263 M	263 M	263 M	263 M	298 M	298 M	298 M	298 M	190 M	190 M	190 M	190 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
356 M	177 M	234 M

Accounts Receivables of other stocks in the Farm machinery industry

	Issuer	Accounts Receivables	Price	% 24h	Market Cap	Country
	Art's-Way Manufacturing Co. ARTW	2.2 M	$ 2.21	-	$ 11.3 M	USA
	Deere & Company DE	5.33 B	$ 574.26	0.31 %	$ 158 B	USA
	Hydrofarm Holdings Group HYFM	14.8 M	$ 1.15	-0.43 %	$ 5.29 M	USA
	Astec Industries ASTE	219 M	$ 53.11	0.87 %	$ 1.21 B	USA
	Columbus McKinnon Corporation CMCO	165 M	$ 14.41	-0.62 %	$ 414 M	USA
	Gencor Industries GENC	2.47 M	-	1.55 %	$ 144 M	USA
	The Manitowoc Company MTW	281 M	$ 12.18	-0.25 %	$ 431 M	USA
	Caterpillar CAT	10.9 B	$ 702.0	0.32 %	$ 330 B	USA
	Lindsay Corporation LNN	113 M	$ 116.82	-1.39 %	$ 1.27 B	USA
	CNH Industrial N.V. CNHI	125 M	-	1.37 %	$ 15.7 B	Britain
	Hyster-Yale Materials Handling HY	490 M	$ 30.97	0.91 %	$ 547 M	USA
$Terex Corporation$	Terex Corporation TEX	712 M	$ 59.56	0.3 %	$ 3.92 B	USA
	PACCAR Inc PCAR	44.1 M	$ 115.43	-0.17 %	$ 60.7 B	USA
	Manitex International MNTX	49.1 M	-	-	$ 117 M	USA
	REV Group REVG	152 M	-	-	$ 3.44 B	USA
	Wabash National Corporation WNC	120 M	$ 8.02	-1.96 %	$ 333 M	USA
	Oshkosh Corporation OSK	1.46 B	$ 148.27	0.36 %	$ 9.52 B	USA
	The Shyft Group SHYF	86.7 M	-	-	$ 432 M	USA
	Alamo Group ALG	277 M	$ 166.79	-2.03 %	$ 2 B	USA