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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SunPower's accounts receivables for the quarter that ended in Dec. 2023 was $170 Mil.
Accounts receivable can be measured by Days Sales Outstanding. SunPower's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 43.35.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SunPower's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.97.
The historical data trend for SunPower'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.
SunPower Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 127.88 | 108.86 | 120.01 | 169.67 | 169.56 |
SunPower 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 | 169.67 | 194.23 | 214.38 | 203.69 | 169.56 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
SunPower's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 169.556 | / | 356.905 | * | 91 |
= | 43.35 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), SunPower's accounts receivable are only considered to be worth 75% of book value:
SunPower'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) | ||
= | (87.424 | + | 0.75 * 169.556 | + | 0.5 * 260.909 | - | 1040.415 |
- | 0 | - | 0.97) | / | 175.361 | ||
= | -3.97 |
* 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.
Thank you for viewing the detailed overview of SunPower's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Elizabeth Lynne Eby | officer: EVP, CFO | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Jennifer Johnston | officer: EVP, Chief Operating Officer | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Audrey Zibelman | director | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Steve Louden | director | C/O ROKU, INC., 150 WINCHESTER CIRCLE, LOS GATOS CA 95032 |
Vichheka Heang | officer: Principal Accounting Officer | 77 RIO ROBLES, C/O SUNPOWER CORPORATION, SAN JOSE CA 95134 |
June Sauvaget | officer: EVP, Chief Marketing Officer | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Eileen Evans | officer: EVP, Chief Legal Officer | 3000 HANOVER STREET, PALO ALTO CA 94304 |
Nathaniel Anschuetz | director | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Jonathan Bram | director | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Guthrie Dundas | officer: Interim CFO | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Gip Iii Sol Holdings, L.p. | director, 10 percent owner | 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Global Infrastructure Investors Iii, Llc | director, 10 percent owner | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Global Infrastructure Gp Iii, L.p. | director, 10 percent owner | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Gip Iii Sol Acquisition, Llc | director, 10 percent owner | 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Totalenergies Gestion Usa Sarl | 10 percent owner | LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400 |
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