Stock Analysis on Net
Stock Analysis on Net

Hershey Co. (NYSE:HSY)

This company has been moved to the archive! The financial data has not been updated since July 27, 2023.

Analysis of Bad Debts

Microsoft Excel

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.

Allowance for Doubtful Accounts Receivable

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable 26,001 28,837 24,975 24,966 24,610
Accounts receivable, trade, gross 737,204 700,301 640,208 593,475 618,755
Financial Ratio
Allowance as a percentage of accounts receivable, trade, gross1 3.53% 4.12% 3.90% 4.21% 3.98%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Allowance as a percentage of accounts receivable, trade, gross = 100 × Allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable ÷ Accounts receivable, trade, gross
= 100 × 26,001 ÷ 737,204 = 3.53%

Financial ratio Description The company
Allowance as a percentage of accounts receivable, trade, gross Allowance for doubtful accounts divided by the gross accounts receivable. Hershey Co. allowance as a percentage of accounts receivable, trade, gross increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.