GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Display Corp (NAS:OLED) » Definitions » Accounts Receivable

Universal Display (Universal Display) Accounts Receivable : $139.9 Mil (As of Dec. 2023)


View and export this data going back to 1996. Start your Free Trial

What is Universal Display Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Universal Display's accounts receivables for the quarter that ended in Dec. 2023 was $139.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Universal Display's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 80.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Universal Display's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $10.24.


Universal Display Accounts Receivable Historical Data

The historical data trend for Universal Display'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.

* Premium members only.

Universal Display Accounts Receivable Chart

Universal Display Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.45 82.26 107.64 92.66 139.85

Universal Display Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 92.66 92.68 109.39 122.19 139.85

Universal Display Accounts Receivable Calculation

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


Universal Display 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.

Universal Display's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=139.85/158.32*91
=80.60

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

Universal Display's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(514.122+0.75 * 139.85+0.5 * 175.795-221.735
-0.002-0)/47.3654
=10.24

* 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.


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.


Universal Display Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Universal Display's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Universal Display (Universal Display) Business Description

Traded in Other Exchanges
Address
250 Phillips Boulevard, Ewing, NJ, USA, 08618
Universal Display Corp researches, develops and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to a light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. A large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.
Executives
Mauro Premutico officer: VP, Legal & GM, Licensing C/O UNIVERSAL DISPLAY CORPORATION, 375 PHILLIPS BLVD., EWING NJ 08618
Richard C Elias director PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Julia J Brown officer: Chief Technical Officer
Lawrence Lacerte director C/O TERAGLOBAL COMMUNICATIONS CORP, 9171 TOWNE CENTRE DRIVE SUITE 600, SAN DIEGO CA 92122
Cynthia Jane Comparin director 1000 PARK DRIVE, LAWRENCE PA 15055
Brian Millard officer: VP/CFO C/O UNIVERSAL DISPLAY CORPORATION, 250 PHILLIPS BOULEVARD, EWING NJ 08618
Sidney D Rosenblatt director, officer: EVP & CFO
Elizabeth H Gemmill director
C Keith Hartley director 14 WYNNWOOD RD, GREENWICH CT 06830-3409
Janice K Mahon officer: VP of Tech Commercialization 375 PHILLIPS BLVD., 375 PHILLIPS BLVD., EWING NJ 08618
Celia M Joseph director C/O UNIVERSAL DISPLAY CORPORATION, 375 PHILLIPS BOULEVARD, EWING NJ 08618
Steven V Abramson director, officer: President and COO
Rosemarie B Greco director C/O PA. REAL ESTATE INV TR, 200 S BROAD ST, THE BELLVUE, PHILADELPHIA PA 19102
Sherwin I Seligsohn director, officer: Chairman of Board and Founder C/O UNIVERSAL DISPLAY CORPORATION, 375 PHILLIPS BLVD, EWING NJ 08618
Leonard Becker director BALA POINTE OFFICE CENTRE, 111 PRESIDENTIAL BLVD STE 103, BALA CYNWYD PA 19004