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SMART Global Holdings (SMART Global Holdings) Accounts Receivable : $170 Mil (As of Feb. 2024)


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What is SMART Global Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SMART Global Holdings's accounts receivables for the quarter that ended in Feb. 2024 was $170 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SMART Global Holdings's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 54.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SMART Global Holdings's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-8.35.


SMART Global Holdings Accounts Receivable Historical Data

The historical data trend for SMART Global Holdings'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.

SMART Global Holdings Accounts Receivable Chart

SMART Global Holdings Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 217.43 215.92 313.39 355.00 219.25

SMART Global Holdings Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 229.47 243.57 219.25 170.59 169.72

SMART Global Holdings Accounts Receivable Calculation

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


SMART Global Holdings 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.

SMART Global Holdings's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=169.718/284.821*91
=54.37

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

SMART Global Holdings's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=(465.768+0.75 * 169.718+0.5 * 172.763-1105.95
-0-6.462)/51.8301
=-8.35

* 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.


SMART Global Holdings Accounts Receivable Related Terms

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SMART Global Holdings (SMART Global Holdings) Business Description

Traded in Other Exchanges
Address
1390 McCarthy Boulevard, Milpitas, CA, USA, 94560
SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. It specializes in application-specific product development and support for customers in the enterprise, government and original equipment manufacturer (OEM) markets. It operates in three segments such as Memory Solutions in which Memory Solutions group, under our SMART Modular brand, provides high performance and reliable memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Intelligent Platform Solutions in their IPS group, under our Penguin Solutions and newly acquired Stratus Technologies brands, offers specialized platform solutions and services for high-performance computing.
Executives
Jack A Pacheco officer: EVP, COO, Pres, Mem Solutions SMART MODULAR TECHNOLOGIES (WWH), INC., 4211 STARBOARD DRIVE, FREMONT CA 94538
Joseph Gates Clark officer: President, LED Solutions C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Ken Rizvi officer: SVP and CFO 39870 EUREKA DRIVE, NEWARK CA 94560-4809
David C Laurello officer: President - IPS C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Mark Adams director, officer: President and CEO 834 TERRACE DRIVE, LOS ALTOS CA 94024
Anne Kuykendall officer: SVP and Chief Legal Officer C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Sandeep Nayyar director C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Mary G Puma director AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Thierry Pellegrino officer: SVP, Pres. Spec. Computing C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Penny Herscher director 1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Mark D Papermaster director ONE AMD PLACE, SUNNYVALE CA 94088
Claude Demby officer: SVP, Pres. Cree LED C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Ajay Shah director 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Mukesh Patel director C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Silver Lake (offshore) Aiv Gp Iii, Ltd. 10 percent owner C/O SILVER LAKE PARTNERS, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025