Smith Micro Software (Smith Micro Software) Change In Receivables : $6.89 Mil (TTM As of Mar. 2024)

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What is Smith Micro Software Change In Receivables?

Smith Micro Software's change in receivables for the quarter that ended in Mar. 2024 was $3.61 Mil. It means Smith Micro Software's Accounts Receivable declined by $3.61 Mil from Dec. 2023 to Mar. 2024 .

Smith Micro Software's change in receivables for the fiscal year that ended in Dec. 2023 was $2.59 Mil. It means Smith Micro Software's Accounts Receivable declined by $2.59 Mil from Dec. 2022 to Dec. 2023 .

Smith Micro Software's Accounts Receivable for the quarter that ended in Mar. 2024 was $4.30 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. Smith Micro Software's Days Sales Outstanding for the three months ended in Mar. 2024 was 67.69.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Smith Micro Software's liquidation value for the three months ended in Mar. 2024 was $-0.62 Mil.

Smith Micro Software Change In Receivables Historical Data

The historical data trend for Smith Micro Software'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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Smith Micro Software Change In Receivables Chart

Smith Micro Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-3.81

-1.27

7.94

0.09

2.59

Smith Micro Software Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.69	-0.69	1.58	2.38	3.61

Smith Micro Software 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.89 Mil.

Smith Micro Software (NAS:SMSI) 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.

Smith Micro Software's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.301	/	5.798	*	91
=	67.69

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

Smith Micro Software's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.155	-	9.998	+	0.75 * 4.301	+	0.5 * 0
=	-0.62

Smith Micro Software Change In Receivables Related Terms

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Smith Micro Software (Smith Micro Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smith Micro Software Inc (NAS:SMSI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

SS91:Germany

Address

5800 Corporate Drive, Pittsburgh, PA, USA, 15237

Website

https://www.smithmicro.com

Smith Micro Software Inc is a provider of software solutions. It develops and markets wireless solutions for wireless service providers, mobile device and chipset manufacturers, and enterprise businesses. It offers multi-platform, modular solutions such as SafePath; CommSuite; and ViewSpot. The company's only reportable segment is Wireless. Its Wireless segment sells primarily to large wireless carriers, cable operators, and OEMs.

Executives

James M Kempton	officer: VP, CFO and Treasurer	100 AIRSIDE DR, MOON TOWNSHIP PA 15108
Smith William W Jr	director, 10 percent owner, officer: President & CEO	51 COLUMBIA, ALISOVIEJO CA 92656
Chetan Sharma	director	5800 CORPORATE DR. 5TH FLOOR, PITTSBURGH PA 15237
Thomas G Campbell	director
Asha Keddy	director	5800 CORPORATE DR., 5TH FLOOR, PITTSBURGH PA 15237
Andrew Arno	director	C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108
Gregory J Szabo	director	51 COLUMBIA, SUITE 200, ALISO VIEJO CA 92656
Smauel Gulko	director	51 COLUMBIA, SUITE 200, ALISO VIEJO CA 92656
Michael K. Fox	officer: Interim CFO	5800 CORPORATE DR., 5TH FLOOR, PITTSBURGH PA 15237
Timothy C. Huffmyer	officer: Chief Financial Officer	1000 PARK DRIVE, LAWRENCE PA 15055
Steven Yasbek	officer: Chief Accounting Officer	51 COLUMBIA, ALISO VIEJO CA 92656
Steven Lawrence Elfman	director	51 COLUMBIA, ALISO VIEJO CA 92656
Christopher G Lippincott	other: VP - Internet & Direct Sales	51 COLUMBIA, SUITE 200, ALISO VIEJO CA 92656
Andrew C Schmidt	officer: Chief Financial Officer	1700 CARNEGIE AVE, SUITE 100, SANTA ANA CA 92705
Daniel Rawlings	officer: Chief Revenue Officer	51 COLUMBIA, ALISO VIEJO CA 92656