Similarweb (STU:63X) Accounts Receivable : €38.0 Mil (As of Mar. 2024)

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What is Similarweb Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Similarweb's accounts receivables for the quarter that ended in Mar. 2024 was €38.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Similarweb's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 63.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Similarweb's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-1.34.

Similarweb Accounts Receivable Historical Data

The historical data trend for Similarweb'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.

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Similarweb Accounts Receivable Chart

Similarweb Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

16.77

20.76

27.45

36.01

43.90

Similarweb 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													35.02	30.01	32.53	43.90	37.96

Similarweb Accounts Receivable Calculation

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

Similarweb 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	37.956	/	54.263	*	91
=	63.83

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

Similarweb'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)
=	(50.499	+	0.75 * 37.956	+	0.5 * 0	-	184.311
-	0	-	0)	/	78.6509
=	-1.34

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.

Similarweb Accounts Receivable Related Terms

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Similarweb (STU:63X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Similarweb Ltd (STU:63X) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SMWB:USA

Address

33 Yitzhak Rabin Road, Givatayim, ISR, 5348303

Website

https://www.similarweb.com

Similarweb Ltd provides a platform for digital intelligence, delivering a trusted, comprehensive, and detailed view of the digital world that empowers customers to accelerate their growth and become more competitive in the markets. Its proprietary technology analyzes billions of digital interactions and transactions every day from millions of websites and apps and turns these digital signals into actionable insights. The company generates revenues mainly from SaaS subscriptions, which comprise subscription fees from customers utilizing cloud-based digital intelligence solutions and other subscription-based solutions. Geographically, the majority is derived from the United States.

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