Have you seen high A/R balances in Plumbing/HVAC?
by a searcher from University of Toronto - Joseph L. Rotman School of Management in Vancouver, BC, Canada
Looking at a plumbing and HVAC contractor serving repeat property management clients that has a large & stable A/R balance (~30% of annual sales on any given month) with > 100 days outstanding. Is this what others have seen in the industry? Any suggestions to free up this capital - tighten A/R, stretch out A/P etc.