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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FTC Solar's accounts receivables for the quarter that ended in Mar. 2024 was $49.47 Mil.
Accounts receivable can be measured by Days Sales Outstanding. FTC Solar's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 358.66.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FTC Solar's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.05.
The historical data trend for FTC Solar'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.
FTC Solar Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Accounts Receivable | 14.05 | 23.69 | 38.60 | 35.37 | 46.15 |
FTC Solar Quarterly Data | ||||||||||||||||||
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 | 37.34 | 41.90 | 49.96 | 46.15 | 49.47 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
FTC Solar's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 49.474 | / | 12.587 | * | 91 |
= | 358.66 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), FTC Solar's accounts receivable are only considered to be worth 75% of book value:
FTC Solar'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) | ||
= | (14.041 | + | 0.75 * 49.474 | + | 0.5 * 3.844 | - | 59.872 |
- | 0 | - | 0) | / | 125.952 | ||
= | -0.05 |
* 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.
Thank you for viewing the detailed overview of FTC Solar's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Phelps Morris | officer: CHIEF FINANCIAL OFFICER | C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-250, AUSTIN TX 78759 |
Ahmad R Chatila | director | 3901 NO. FIRST STREET, SAN JOSE CA 95134 |
Shaker Sadasivam | director | P O BOX 8, SAINT PETERS MO 63376 |
William A Priddy | director | C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409 |
Cathy Behnen | officer: CHIEF ACCOUNTING OFFICER | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Sasan Aminpour | officer: Chief Operating Officer | C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Arc Family Trust | 10 percent owner | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Kristian Nolde | officer: VP, MARKETING AND STRATEGY | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Patrick Cook | officer: CHIEF FINANCIAL OFFICER | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Tamara Mullings | director | C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
David Springer | director, 10 percent owner | 2718 LOYAGA DRIVE, ROUND ROCK TX 78681 |
Nagendra Cherukupalli | officer: CHIEF TECHNOLOGY OFFICER | 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759 |
Sean Hunkler | director, officer: PRESIDENT AND CEO | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Thurman J Rodgers | director | 535 EASTVIEW WAY, WOODSIDE CA 94062 |
South Cone Investments Limited Partnership | 10 percent owner | AVENIDA PRESIDENTE RIESCO 5711 OFICINA 1, LAS CONDES, SANTIAGO F3 7550000 |
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