GURUFOCUS.COM » STOCK LIST » Technology » Hardware » PC Connection Inc (NAS:CNXN) » Definitions » Accounts Receivable

PC Connection (PC Connection) Accounts Receivable : $527 Mil (As of Mar. 2024)


View and export this data going back to 1998. Start your Free Trial

What is PC Connection Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PC Connection's accounts receivables for the quarter that ended in Mar. 2024 was $527 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PC Connection's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 76.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PC Connection's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $19.00.


PC Connection Accounts Receivable Historical Data

The historical data trend for PC Connection'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.

* Premium members only.

PC Connection Accounts Receivable Chart

PC Connection Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 498.72 553.82 568.96 561.86 556.54

PC Connection Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 621.84 592.66 587.60 556.54 527.26

PC Connection Accounts Receivable Calculation

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


PC Connection 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.

PC Connection's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=527.259/632.025*91
=76.12

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

PC Connection's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(351.953+0.75 * 527.259+0.5 * 123.9-308.393
-0-0)/26.366
=19.00

* 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.


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.


PC Connection Accounts Receivable Related Terms

Thank you for viewing the detailed overview of PC Connection's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


PC Connection (PC Connection) Business Description

Traded in Other Exchanges
Address
730 Milford Road, Merrimack, NH, USA, 03054-4631
PC Connection Inc is a provider of information technology solutions. It provides products such as computer systems, software and peripheral equipment, networking communications, and other products and accessories that company purchase from manufacturers and distributors. The company also offers services involving design, configuration, and implementation of IT solutions. It conducts business operations through three business segments namely Business Solutions, Enterprise Solutions, and Public Sector Solutions. The company generates maximum revenue Enterprise Solutions segment.
Executives
Thomas C Baker officer: Sr. VP, CFO & Treasurer 730 MILFORD ROAD, MERRIMACK NH 03054
Negrini David Beffa director, officer: VP, Corporate Communications PC CONNECTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Timothy J Mcgrath officer: President & CEO PC CONNECTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Jack L Ferguson officer: Treasurer & Interim CFO PC CONNECTION, INC., 730 MILFORD ROAD, MERRIMACK NH 03054
Barbara Duckett director 730 MILFORD ROAD, MERRIMACK NH 03054
Patricia Gallup director, 10 percent owner, officer: Chairman & Chief Admin Officer 730 MILFORD ROAD, MERRIMACK NH 03054
Pc Connection Inc 10 percent owner ROUTE 101A, 730 MILFORD RD, MERRIMACK NH 03054
Comack Trust 10 percent owner 450 MARLBORO STREET, KEENE NH 03431
Jay E Bothwick director C/O PC CONENCTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Gary Kinyon director 730 MILFORD ROAD, MERRIMACK NH 03054
Estate Of David Mclellan Hall 10 percent owner C/O PC CONNECTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Joseph A Baute director 730 MILFORD ROAD, MERRIMACK NH 03054
Stephen P Sarno officer: Sr. VP, Treasurer & CFO C/O SAPIENT CORPORATION, 25 FIRST STREET, CAMBRIDGE MA 02141
David Hall director, 10 percent owner, officer: Vice Chairman 730 MILFORD ROAD, MERRIMACK NH 03054
Glynn W Schulze officer: Interim CFO and VP C/O PC CONNECTION, INC., 730 MILFORD ROAD, MERRIMACK NH 03054