athenahealth (athenahealth) Accounts Receivable : $167 Mil (As of Sep. 2018)

View and export this data going back to 2007. Start your Free Trial

What is athenahealth Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. athenahealth's accounts receivables for the quarter that ended in Sep. 2018 was $167 Mil.

Accounts receivable can be measured by Days Sales Outstanding. athenahealth's Days Sales Outstanding for the quarter that ended in Sep. 2018 was 46.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. athenahealth's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-2.27.

athenahealth Accounts Receivable Historical Data

The historical data trend for athenahealth'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.

athenahealth Accounts Receivable Chart

athenahealth Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Receivable

Get a 7-Day Free Trial

87.34

121.71

148.20

161.60

169.50

athenahealth Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Accounts Receivable	Get a 7-Day Free Trial															163.90	169.50	193.40	183.70	167.40

athenahealth Accounts Receivable Calculation

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

athenahealth 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.

athenahealth's Days Sales Outstanding for the quarter that ended in Sep. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	167.4	/	329.5	*	91
=	46.36

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

athenahealth's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 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)
=	(303.4	+	0.75 * 167.4	+	0.5 * 0	-	521.1
-	0	-	0)	/	40.6
=	-2.27

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.

athenahealth Accounts Receivable Related Terms

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

athenahealth (athenahealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » athenahealth Inc (NAS:ATHN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.athenahealth.com

Athenahealth provides healthcare IT (HCIT) services through cloud-based and mobile application products largely for smaller to midsize medical groups and health systems. Their services include revenue cycle and practice management, electronic health records, patient engagement, population health management, and care coordination. The business services segment generates 96% of revenue, which provides cloud-based solutions and support to healthcare providers. Athenahealth is headquartered in Waltham, Massachusetts.

Executives

Brian P Mckeon	director	IDEXX LABORATORIES, ONE IDEXX DRIVE, WESTBROOK ME 04092
John A Kane	director	C/O MERCHANTS BANCSHARES, INC., 275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403
Dev Ittycheria	director	C/O MONGO DB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Ed Park	director	311 ARSENAL STREET WATERTOWN MA 02472
Brandon H Hull	director	221 NASSAU STREET, PRINCETON NJ 08542
Thomas J Szkutak	director	P O BOX 81226, SEATTLE WA 98108-1226
Jeffrey R Immelt	director, other: Executive Chairman	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Marc A Levine	officer: Chief Financial Officer	C/O ATHENAHEALTH, INC., 311 ARSENAL STREET, WATERTOWN MA 02472
Jacqueline B Kosecoff	director	5960 HEISLEY ROAD, MENTOR OH 44060
Amy Abernethy	director	311 ARSENAL STREET, WATERTOWN MA 02472
Kristi Ann Matus	officer: EVP and CFAO	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Daniel H. Orenstein	officer: SVP, GC, and Secretary	311 ARSENAL STREET, WATERTOWN MA 02472
Jeremy Delinsky	officer: SVP, Chief Product Officer	C/O WAYFAIR INC., 4 COPLEY PLACE, 7TH FLOOR, BOSTON MA 02116
Timothy M Adams	officer: CFO & SVP	311 ARSENAL STREET, WATERTOWN MA 02472
Bryan E Roberts	director	C/O VENROCK ASSOCIATES, 2494 SAND HILL ROAD STE 200, MENLO PARK CA 94025