AVG Technologies NV (AVG Technologies NV) Accounts Receivable : $32.7 Mil (As of Jun. 2016)

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What is AVG Technologies NV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AVG Technologies NV's accounts receivables for the quarter that ended in Jun. 2016 was $32.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AVG Technologies NV's Days Sales Outstanding for the quarter that ended in Jun. 2016 was 28.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AVG Technologies NV's Net-Net Working Capital per share for the quarter that ended in Jun. 2016 was $-7.91.

AVG Technologies NV Accounts Receivable Historical Data

The historical data trend for AVG Technologies NV'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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AVG Technologies NV Accounts Receivable Chart

AVG Technologies NV Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Accounts Receivable

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25.36

32.66

26.16

35.41

35.72

AVG Technologies NV Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Accounts Receivable	Get a 7-Day Free Trial															37.53	33.78	35.72	36.48	32.73

AVG Technologies NV Accounts Receivable Calculation

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

AVG Technologies NV 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.

AVG Technologies NV's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	32.729	/	105.029	*	91
=	28.44

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

AVG Technologies NV's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2016 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)
=	(96.715	+	0.75 * 32.729	+	0.5 * 0.705	-	521.869
-	0	-	0)	/	50.6323
=	-7.91

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.

AVG Technologies NV Accounts Receivable Related Terms

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AVG Technologies NV (AVG Technologies NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AVG Technologies NV (OTCPK:AVGTF) » Definitions » Accounts Receivable

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Address

Website

http://www.avg.com

AVG Technologies N.V is functional in the software industry based in the Netherlands. The company designs products which allow the users of internet and computer systems a safe browsing and data management experience. Its product portfolio caters to the consumer and SMB markets across multiple devices and operating systems with Internet security, PC performance optimization, online backup, identity protection, family safety, mobile control and location services and dynamic secure search. AVG's suite of trademark products includes AVG Anti-Virus FREE, AVG Anti-Virus, AVG Web TuneUp, AVG Cleaner-Xperia and HideMyPhone, among others. The company's licenses derived through the consumer market, primarily in the United States are its major revenue drivers.

Executives

Ahmet H Okumus	10 percent owner	C/O OKUMUS FUND MANAGEMENT LTD., 767 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10022
Okumus Fund Management Ltd.	10 percent owner	767 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017
Okumus Opportunistic Value Fund Ltd.	10 percent owner	CRAIGMUIR CHAMBERS, SUITE 71, ROAD TOWN, TORTOLA D8 VG 1110

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