OCZ Technology Group (FRA:OADA) Accounts Receivable : €6.8 Mil (As of Aug. 2013)

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What is OCZ Technology Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. OCZ Technology Group's accounts receivables for the quarter that ended in Aug. 2013 was €6.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. OCZ Technology Group's Days Sales Outstanding for the quarter that ended in Aug. 2013 was 24.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. OCZ Technology Group's Net-Net Working Capital per share for the quarter that ended in Aug. 2013 was €-0.44.

OCZ Technology Group Accounts Receivable Historical Data

The historical data trend for OCZ Technology Group'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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OCZ Technology Group Accounts Receivable Chart

OCZ Technology Group Annual Data

Trend

Dec05

Dec06

Feb09

Feb10

Feb11

Feb12

Feb13

Accounts Receivable

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18.74

14.90

23.20

33.66

9.16

OCZ Technology Group Quarterly Data
	Feb09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Feb13	May13	Aug13
Accounts Receivable	Get a 7-Day Free Trial										33.66	69.59	9.16	10.96	6.84

OCZ Technology Group Accounts Receivable Calculation

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

OCZ Technology Group 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.

OCZ Technology Group's Days Sales Outstanding for the quarter that ended in Aug. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.838	/	25.158	*	91
=	24.80

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

OCZ Technology Group's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2013 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)
=	(7.946	+	0.75 * 6.838	+	0.5 * 17.853	-	52.057
-	0	-	0)	/	68.2072
=	-0.44

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.

OCZ Technology Group Accounts Receivable Related Terms

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OCZ Technology Group (FRA:OADA) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » OCZ Technology Group Inc. (FRA:OADA) » Definitions » Accounts Receivable

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Address

Website

http://www.ocztechnology.com

OCZ Technology Group, Inc., a Delaware corporation was formed in 2002. The Company is a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems. It develops flexible and customizable component solutions quickly and efficiently to meet the ever changing market needs and provide superior customer service. Historically, it mainly sold high performance memory modules to individual computing enthusiasts through catalog and online retail channels. However, SSDs have emerged as a strong market alternative to conventional disk drive technology and SSDs are rooted in much of the same basic technological concepts as its legacy memory module business. Today, as part of a diversification strategy which began in fiscal year 2009, its product mix is significantly more weighted toward the sale of SSDs and the SSD product line has become central to its business. As a result, its target customers are increasingly enterprises and original equipment manufacturers (or OEMs). It designs, develops, manufactures and distributes high performance components for computing devices and systems, including SSDs, other flash memory storage, memory modules, thermal management solutions and PSUs. Its ten largest customers are Amazon.com; ASK Corporation; BAS Group; D&H Distribution Company; Maxcom Memory GmbH; Memoryworld GmbH & Co., KG; Micro Center Corporation; Micro Peripherals LTD; NewEgg.com, operated by Magnell Associate Inc.; and SYX Distribution, Inc. The Company's business is subject to regulation by various federal and state governmental agencies.

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