GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » QuickLogic Corp (NAS:QUIK) » Definitions » Accounts Receivable

QuickLogic (QuickLogic) Accounts Receivable : $1.63 Mil (As of Dec. 2023)


View and export this data going back to 1999. Start your Free Trial

What is QuickLogic Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. QuickLogic's accounts receivables for the quarter that ended in Dec. 2023 was $1.63 Mil.

Accounts receivable can be measured by Days Sales Outstanding. QuickLogic's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 19.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. QuickLogic's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.29.


QuickLogic Accounts Receivable Historical Data

The historical data trend for QuickLogic'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.

QuickLogic Accounts Receivable Chart

QuickLogic 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 1.99 1.69 1.00 2.69 1.63

QuickLogic Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.69 2.09 0.94 0.48 1.63

QuickLogic Accounts Receivable Calculation

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


QuickLogic 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.

QuickLogic's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.625/7.479*91
=19.83

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

QuickLogic's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(24.606+0.75 * 1.625+0.5 * 2.029-30.897
-0-0)/14.118
=-0.29

* 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.


QuickLogic Accounts Receivable Related Terms

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


QuickLogic (QuickLogic) Business Description

Traded in Other Exchanges
Address
2220 Lundy Avenue, San Jose, CA, USA, 95131
QuickLogic Corp is engaged in the development and marketing of semiconductor and software algorithm solutions for mobile and portable electronics. The company's products enable smartphone, wearable and IoT device Original Equipment Manufacturers, or OEMs, to deliver long battery life for their customers. Its solutions fall into one of four categories: Sensor Processing, eFPGA IP and its associated Tools, Display, and Smart Connectivity. Geographically, it has a presence in the Asia Pacific, Europe, and North America. It also works with mobile processor manufacturers, sensor manufacturers, sensor fusion, and context awareness algorithm developers in the development of reference designs.
Executives
Brian C Faith officer: VP WW Sales & Marketing C/O QUICKLOGIC CORPORATION, 1277 ORLEANS DRIVE, SUNNYVALE CA 94089
Timothy Saxe officer: Chief Technology Officer 109 SYLVAN WAY, LOS ALTOS CA 94022
Elias Nader officer: CFO, SVP Finance 1778 MCCARTHY BLVD., C/O SIGMA DESIGNS, INC., MILPITAS CA 95035
Russell Christine director 17165 PINE STREET, LOS GATOS CA 95032
Joyce Kim director 2220 LUNDY AVENUE, 2220 LUNDY AVENUE, SAN JOSE CA 95131
Radhika Krishnan director 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Andrew J Pease officer: VP, Worldwide Sales
Gary H Tauss director
Michael Farese director 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Robert H Schoenfield officer: VP Worldwide Sales C/O AUDIENCE, INC., 331 FAIRCHILD DR., MOUNTAIN VIEW CA 94043
Suping (sue) Cheung officer: Controller, Princ. Acctg. Off. C/O QUICKLOGIC CORPORATION, SUNNYVALE CA 94089
Daniel A Rabinovitsj director 400 W CESAR CHAVEZ, AUSTIN TX 78701
E Thomas Hart director, officer: Chairman, President and CEO 1277 ORLEANS DRIVE, SUNNYVALE CA 94089-1138
Edgar Auslander director 1277 ORLEANS DRIVE, SUNNYVALE CA 94089
Maxime Bouvat-merlin officer: VP WW Engineering C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101