Speed Commerce (Speed Commerce) Accounts Receivable : $20.8 Mil (As of Dec. 2015)

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What is Speed Commerce Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Speed Commerce's accounts receivables for the quarter that ended in Dec. 2015 was $20.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Speed Commerce's Days Sales Outstanding for the quarter that ended in Dec. 2015 was 56.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Speed Commerce's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was $-23.30.

Speed Commerce Accounts Receivable Historical Data

The historical data trend for Speed Commerce'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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Speed Commerce Accounts Receivable Chart

Speed Commerce Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Accounts Receivable

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57.83

47.94

14.90

18.53

18.69

Speed Commerce Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Accounts Receivable	Get a 7-Day Free Trial															29.02	18.69	18.88	19.85	20.77

Speed Commerce Accounts Receivable Calculation

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

Speed Commerce 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.

Speed Commerce's Days Sales Outstanding for the quarter that ended in Dec. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.772	/	33.45	*	91
=	56.67

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

Speed Commerce's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 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)
=	(5.068	+	0.75 * 20.772	+	0.5 * 0.732	-	161.739
-	0	-	0)	/	6.0386
=	-23.30

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.

Speed Commerce Accounts Receivable Related Terms

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Speed Commerce (Speed Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Speed Commerce Inc (OTCPK:SPDC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1303 East Arapaho Road, Suite 200, Richardson, TX, USA, 75081

Website

http://www.speedcommerce.com

Speed Commerce Inc is a provider of flexible end-to-end e-commerce services to retailers and manufacturers. It provides Web platform development and hosting, order management, fulfillment, logistics and contact center services, which provide clients with transaction-based services and information management tools. It manages fulfillment center from four facilities located in Pennsylvania, Ohio, Missouri, and Texas, utilizing automation technology, such as unit sortation, pick-to-pack conveyors and radio frequency (RF) scanning.

Executives

Richard Willis	director, officer: President and CEO	7400 49TH AVE. NORTH, NEW HOPE MN 55428
Bradley J. Shisler	director	7400 49TH AVENUE NORTH, NEW HOPE MN 55428
Rebecca Lynn Atchison	director	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
Kathleen P Iverson	director	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Steven R Becker	other: Member of a 13(d) 10% Group	5525 NAKOMA DRIVE, DALLAS TX 75209
Northern Right Capital Management, L.p.	other: Member of a 13(d) 10% Group	9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820
Bc Advisors Llc	other: Member of a 13(d) 10% Group	500 CRESCENT COURT, SUITE 230, DALLAS TX 75201
Becker Drapkin Partners, L.p.	other: Member of a 13(d) 10% Group	500 CRESCENT COURT, SUITE 230, DALLAS TX 75201
Northern Right Capital (qp), L.p.	other: Member of a 13(d) 10% Group	9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820
Matthew A Drapkin	other: Member of a 13(d) 10% Group	10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820
David Dalvey	director	C/O BLUE ROCK ADVISORS, INC., 80 SOUTH EIGHTH STREET SUITE 3915, MINNEAPOLIS MN 55402