AXT (AXTI) Accounts Receivable : $25.06 Mil (As of Mar. 2024)

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What is AXT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AXT's accounts receivables for the quarter that ended in Mar. 2024 was $25.06 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AXT's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 100.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AXT's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.40.

AXT Accounts Receivable Historical Data

The historical data trend for AXT'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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AXT Accounts Receivable Chart

AXT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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19.03

24.56

34.84

29.25

19.26

AXT 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															21.35	19.86	18.88	19.26	25.06

AXT Accounts Receivable Calculation

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

AXT 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	25.058	/	22.688	*	91
=	100.78

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

AXT'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)
=	(27.46	+	0.75 * 25.058	+	0.5 * 85.943	-	83.873
-	3.532	-	64.007)	/	44.399
=	-1.40

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.

AXT Accounts Receivable Related Terms

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AXT (AXTI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AHV:Germany

Address

4281 Technology Drive, Fremont, CA, USA, 94538

Website

http://www.axt.com

AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.

Executives

Russell Christine	director	17165 PINE STREET, LOS GATOS CA 95032
Gary L Fischer	officer: Vice President, CFO & Corp Sec	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Morris S Young	director, officer: Chief Executive Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Jesse Chen	director	18975 MONTE VISTA DR, SARATOGA CA 95070
David C Chang	director	C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Ni-pixel	director	4699 OLD IRONSIDE DRIVE, SUITE 300, SANTA CLARA CA 95054
Robert G Ochrym	officer: VP Business Development	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Wilson Weicheng Lin	officer: Chief Operating Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Leonard J Leblanc	director
Davis Zhang	officer: President, JV Operations	AXT, INC 4281, TECHNOLOGY DRIVE, FREMONT CA 94538
Hong Q Hou	officer: Chief Operating Officer
Nai-yu Pai	director	2065 ACADIA CT, CUPERTINO CA 94014
Raymond Anthony Low	officer: Chief Financial Officer	25 SHADOW TREE CT, DANVILLE CA 94506
John J Cerilli	officer: VP Global Sales & Marketing	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Yin Philip C S	officer: Chief Executive Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538