Sanmina (Sanmina) Accounts Receivable : $1,138 Mil (As of Mar. 2024)

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What is Sanmina Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sanmina's accounts receivables for the quarter that ended in Mar. 2024 was $1,138 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sanmina's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 56.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sanmina's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.87.

Sanmina Accounts Receivable Historical Data

The historical data trend for Sanmina'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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Sanmina Accounts Receivable Chart

Sanmina Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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1,128.38

1,043.33

1,193.44

1,138.89

1,230.77

Sanmina Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															1,208.81	1,279.97	1,230.77	1,101.90	1,138.41

Sanmina Accounts Receivable Calculation

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

Sanmina 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1138.413	/	1834.595	*	91
=	56.62

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

Sanmina's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(650.858	+	0.75 * 1138.413	+	0.5 * 1383.739	-	2359.171
-	0	-	0)	/	56.699
=	-2.87

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.

Sanmina Accounts Receivable Related Terms

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Sanmina (Sanmina) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sanmina Corp (NAS:SANM) » Definitions » Accounts Receivable

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SAYN:Germany SAYN:Germany

Address

2700 North First Street, San Jose, CA, USA, 95134

Website

https://www.sanmina.com

Sanmina Corp is a provider of integrated manufacturing solutions, components, and after-market services to original equipment manufacturers in the communications networks, storage, industrial, defense and aerospace end markets. The company operates in two business segments: Integrated Manufacturing Solutions, which consists of printed circuit board assembly and represents a majority of the firm's revenue; and Components, Products, and Services, which includes interconnect systems and mechanical systems. The firm generates revenue primarily in the United States, China, and Mexico, but has a presence around the world.

Executives

Eugene A Delaney	director	1303 E ALGONQUIN RD, SCHAUMBURG IL 60196
Hedley David V Iii	director	2700 NORTH FIRST STREET, SAN JOSE CA 95134
Alan Mcwilliams Reid	officer: Exec VP,Global Human Resources	2700 NORTH FIRST STREET, SAN JOSE CA 95134
Jure Sola	director, officer: Chairman and CEO	14899 GRANITE WAY, SARATOGA CA 95070
Mythili Sankaran	director	27000 NORTH FIRST STREET, SAN JOSE CA 95134
Susan K Barnes	director
Charlie Mason	officer: EVP, Integrated Mfg Services	2700 NORTH FIRST STREET, SAN JOSE CA 95134
Brent Billinger	officer: SVP & Corp Controller	2700 NORTH FIRST STREET, SAN JOSE CA 95134
John Goldsberry	director	C/O GATEWAY, INC, 7565 IRVINE CENTER DRIVE, IRVINE CA 92618
Kurt Adzema	officer: EVP & CFO	1389 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Susan A Johnson	director	2700 NORTH FIRST STREET, SAN JOSE CA 95134
Jackie M Ward	director	SYSCO CORPORATION, 1390 ENCLAVE PARWAY, HOUSTON TX 77077
Mario M Rosati	director	650 PAGE MILL RD, PALO ALTO CA 94304
Dennis Young	officer: Exec VP Worldwide Sales	246 OVERALL PHILLIPS ROAD, ELIZABETH TOWN KY 42701
Rita S. Lane	director	1303 E. ALGONQUIN ROAD, SCHAUMBURG IL 60196