Broadcom (NAS:AVGO) Accounts Receivable

: $2,914 Mil (As of Jul. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Broadcom's accounts receivables for the quarter that ended in Jul. 2023 was $2,914 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Broadcom's Days Sales Outstanding for the quarter that ended in Jul. 2023 was 29.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Broadcom's Net-Net Working Capital per share for the quarter that ended in Jul. 2023 was $-83.18.

Broadcom Accounts Receivable Historical Data

The historical data trend for Broadcom'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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Broadcom Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Accounts Receivable

3,325.00

3,259.00

2,297.00

2,071.00

2,958.00

Broadcom Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Accounts Receivable																2,708.00	2,958.00	3,234.00	3,031.00	2,914.00

Broadcom Accounts Receivable Calculation

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

Broadcom 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.

Broadcom's Days Sales Outstanding for the quarter that ended in Jul. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2914	/	8876	*	91
=	29.96

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

Broadcom's Net-Net Working Capital Per Share for the quarter that ended in Jul. 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)
=	(12055	+	0.75 * 2914	+	0.5 * 1842	-	49516
-	0	-	0)	/	413
=	-83.18

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.

Broadcom Accounts Receivable Related Terms

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Broadcom (NAS:AVGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Broadcom Inc (NAS:AVGO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AVGON:Mexico 1YD:Germany 1YD:Germany 1YD:Germany 1YD:Germany AVGO34:Brazil BROA:Austria

Address

1320 Ridder Park Drive, San Jose, CA, USA, 95131-2313

Website

https://www.broadcom.com

Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the iPhone. It counts Apple as a large customer at roughly one fifth of sales. In software, it sells infrastructure and security software to large financial institutions and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.

Executives

Raul J Fernandez	director	11600 SUNRISE VALLEY DR, RESTON VA 20191
Justine Lien	director	1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Diane M Bryant	director	2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Harry L. You	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Thomas H. Krause	officer: Chief Financial Officer	1320 RIDDER PARK, SAN JOSE CA 95131
Bryan Ingram	officer: SVP & GM, Wireless Semicon Div	C/O AVAGO TECHNOLOGIES LIMITED, 350 WEST TRIMBLE ROAD, BLDG. 90, SAN JOSE CA 95131
Kirsten M. Spears	officer: Principal Accounting Officer	1320 RIDDER PARK, SAN JOSE CA 95131
Charlie B Kawwas	officer: SVP & Chief Sales Officer	C/O AVAGO TECHNOLOGIES U.S. INC., 350 WEST TRIMBLE ROAD, SAN JOSE CA 95131
Mark David Brazeal	officer: Chief Legal Officer	1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Hock E Tan	director, officer: President and CEO	BROADCOM INC., 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Silver Lake Partners V De (aiv), L.p.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Technology Associates V, L.p.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Slta V (gp), L.l.c.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Technology Investors V, L.p.	director	C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake Group, L.l.c.	director	2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025