Sykes Enterprises (Sykes Enterprises) Accounts Receivable : $418 Mil (As of Jun. 2021)

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What is Sykes Enterprises Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sykes Enterprises's accounts receivables for the quarter that ended in Jun. 2021 was $418 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sykes Enterprises's Days Sales Outstanding for the quarter that ended in Jun. 2021 was 84.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sykes Enterprises's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was $-1.13.

Sykes Enterprises Accounts Receivable Historical Data

The historical data trend for Sykes Enterprises'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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Sykes Enterprises Accounts Receivable Chart

Sykes Enterprises Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Accounts Receivable

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316.31

334.15

338.47

378.62

402.90

Sykes Enterprises Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Accounts Receivable	Get a 7-Day Free Trial															383.51	396.36	402.90	410.62	418.11

Sykes Enterprises Accounts Receivable Calculation

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

Sykes Enterprises 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.

Sykes Enterprises's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	418.105	/	448.885	*	91
=	84.99

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

Sykes Enterprises's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 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)
=	(103.209	+	0.75 * 418.105	+	0.5 * 0	-	461.801
-	0	-	0)	/	39.7953
=	-1.13

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.

Sykes Enterprises Accounts Receivable Related Terms

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Sykes Enterprises (Sykes Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sykes Enterprises Inc (NAS:SYKE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 North Ashley Drive, Suite 2800, Tampa, FL, USA, 33602

Website

http://www.sykes.com

Sykes Enterprises Inc or Sykes is a provider of multichannel demand generation and global customer engagement services. Their end customers are in communications, financial services, technology, transportation and leisure, healthcare, retail and other industries. Sykes serves its clients through two geographic operating regions which are the Americas & EMEA. In Europe, it also provides fulfillment services, which includes order processing, payment processing, inventory control, product delivery and product returns handling.

Executives

John Chapman	officer: EVP & CFO	400 N ASHLEY DRIVE TAMPA FL 33602
James T Holder	officer: Executive VP & Secretary	3916 STATE STREET SUITE 300 SANTA BARBARA CA 93105
Lawrence Zingale	officer: Executive Vice President	400 N. ASHLEY DRIVE, 2800, TAMPA FL 33602
William J Meurer	director
David Pearson	officer: Executive Vice President	400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602
Charles E Sykes	officer: CEO & President	400 N ASHLEY DRIVE TAMPA FL 33602
W. Mark Watson	director	324 S. HYDE PARK AVENUE, STE 350, TAMPA FL 33606
Mark C Bozak	director
James S Macleod	director	250 E KILBOURN AVE, MILWAUKEE WI 53202
Chang Vanessa C L	director	P O BOX 800, 2244 WALNUT GROVE, ROSEMEAD CA 91770
Carlos E Evans	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27616
Lorraine L Lutton	director	400 N. ASHLEY DRIVE, SUITE 2800 TAMPA FL 33602
Muir William D Jr	director	10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG FL 33716
William Rocktoff	officer: VP & Corporate Controller	400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602
Jenna Nelson	officer: Executive Vice President	400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602