Array Technologies (Array Technologies) Change In Receivables

: $93 Mil (TTM As of Dec. 2023)

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Array Technologies's change in receivables for the quarter that ended in Dec. 2023 was $96 Mil. It means Array Technologies's Accounts Receivable declined by $96 Mil from Sep. 2023 to Dec. 2023 .

Array Technologies's change in receivables for the fiscal year that ended in Dec. 2023 was $93 Mil. It means Array Technologies's Accounts Receivable declined by $93 Mil from Dec. 2022 to Dec. 2023 .

Array Technologies's Accounts Receivable for the quarter that ended in Dec. 2023 was $332 Mil.

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 Receivable are being managed. Array Technologies's Days Sales Outstanding for the three months ended in Dec. 2023 was 88.72.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Array Technologies's liquidation value for the three months ended in Dec. 2023 was $-517 Mil.

Array Technologies Change In Receivables Historical Data

The historical data trend for Array Technologies's Change In Receivables 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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Array Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-30.77

-39.57

-108.74

-71.37

92.81

Array Technologies Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables																71.27	6.61	-84.43	74.62	96.01

Array Technologies Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $93 Mil.

Array Technologies (NAS:ARRY) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	332.152	/	341.615	*	91
=	88.72

2. In Ben Graham's calculation of liquidation value, Array Technologies's accounts receivable are only considered to be worth 75% of book value:

Array Technologies's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	249.08	-	1096.233	+	0.75 * 332.152	+	0.5 * 161.964
=	-517

Array Technologies Change In Receivables Related Terms

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Array Technologies (Array Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Array Technologies Inc (NAS:ARRY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

9AY:Germany 9AY:Germany

Address

3901 Midway Place NE, Albuquerque, NM, USA, 87109

Website

https://www.arraytechinc.com

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

Executives

Tyson Hottinger	officer: Chief Legal Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Nipul M. Patel	officer: Chief Financial Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Neil Manning	officer: Chief Operations Officer	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Thierry Marin-martinod	officer: Chief Technology Officer	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Tracy C Jokinen	director	5995 OPUS PARKWAY, SUITE 500, MINNETONKA MN 55343
Kenneth R. Stacherski	officer: Chief Operations Officer	500 W MONROE, CHICAGO IL 60661
Gerrard Schmid	director	C/O DIEBOLD NIXDORF, INCORPORATED, 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Terrance L Collins	officer: Chief Human Resources Officer	C/O ZEBRA TECHNOLOGIES CORPORATION, 475 HALF DAY ROAD, SUITE 500, LINCOLNSHIRE IL 60069
Erica Brinker	officer: Chief Commercial Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Kevin G. Hostetler	director, officer: Chief Executive Officer	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Paulo Almirante	director	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Travis Rose	officer: Chief Revenue Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Bilal Khan	director	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Jayanthi Iyengar	director	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Ati Investment Parent, Llc	10 percent owner	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109