‘Billings in excess’ is a construction industry financial term referring to the dollar value of charges to customers in excess of the costs and profits earned to date. It is reported on the balance sheet in the current liabilities section. It is in effect, the dollar value the contractor owes back to the customer for incomplete work.
Month: May 2019
Valuation ratios are the only group of business ratios that are externally and not internally driven. The market dictates valuation ratios. All three core valuation ratios are determined by the market price of the stock. All three have the same numerator, the market share price or market capitalization value of the company.