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SMA Solar Technology AG (XTER:S92) Accounts Receivable : €224 Mil (As of Mar. 2024)


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What is SMA Solar Technology AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SMA Solar Technology AG's accounts receivables for the quarter that ended in Mar. 2024 was €224 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SMA Solar Technology AG's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 56.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SMA Solar Technology AG's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-5.87.


SMA Solar Technology AG Accounts Receivable Historical Data

The historical data trend for SMA Solar Technology AG'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.

SMA Solar Technology AG Accounts Receivable Chart

SMA Solar Technology AG 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 145.53 121.87 142.67 153.53 277.40

SMA Solar Technology AG 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 173.90 188.43 235.62 277.40 224.34

SMA Solar Technology AG Accounts Receivable Calculation

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


SMA Solar Technology AG 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.

SMA Solar Technology AG's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=224.341/361.775*91
=56.59

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

SMA Solar Technology AG'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)
=(226.365+0.75 * 224.341+0.5 * 685.523-941.056
-0-0)/34.7
=-5.87

* 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.


SMA Solar Technology AG Accounts Receivable Related Terms

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SMA Solar Technology AG (XTER:S92) Business Description

Address
Sonnenallee 1, Niestetal, DEU, 34266
SMA Solar Technology AG produces, develops, and sells photovoltaic (PV) inverters and other technologies. It operates through several businesses that include Residential, Commercial, Utility, Off-Grid and Storage, and Service. The company's PV inverters convert direct currents from the module into alternating currents. Depending on demand, it is consumed directly into the home, stored, or fed into the utility grid. In SMA's primary business units it provides small PV systems for private applications to residential markets and medium-sized PV systems for commercial application. Utility clients are offered large-scale PV power plants in addition to grid service and monitoring functions.
Executives
Dr. Jürgen Reinert Board of Directors
Uwe Kleinkauf Supervisory Board
Barbara Gregor Board of Directors

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