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FormFactor (FormFactor) Accounts Receivable : $103.0 Mil (As of Dec. 2023)


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What is FormFactor Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FormFactor's accounts receivables for the quarter that ended in Dec. 2023 was $103.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FormFactor's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 55.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FormFactor's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.40.


FormFactor Accounts Receivable Historical Data

The historical data trend for FormFactor'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.

FormFactor Accounts Receivable Chart

FormFactor 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 97.87 107.60 115.54 88.14 102.96

FormFactor 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 88.14 103.97 94.01 88.97 102.96

FormFactor Accounts Receivable Calculation

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


FormFactor 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=102.957/168.163*91
=55.87

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

FormFactor'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)
=(328.319+0.75 * 102.957+0.5 * 111.685-197.99
-0-0)/77.3769
=3.40

* 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.


FormFactor Accounts Receivable Related Terms

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FormFactor (FormFactor) Business Description

Traded in Other Exchanges
Address
7005 Southfront Road, Livermore, CA, USA, 94551
FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.
Executives
Rebeca Obregon-jimenez director 3748 E MARE COURT, PHOENIX AZ 85044
Shai Shahar officer: CFO, SVP Global Finance 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Dennis Thomas St director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Mike Slessor director, officer: CEO 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Brian C White director C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Raymond A Link director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Kelley Steven-waiss director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Jorge Titinger director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Sheri Rhodes director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80112
Edward Jr Rogas director C/O VITESSE SEMICONDUCTOR CORPORATION, 4721 CALLE CARGA, CAMARILLO CA 93012
Michael W Zellner director C/O CYAN, INC., 1383 N. MCDOWELL BLVD., SUITE 300, PETALUMA CA 94954
Richard Delateur director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Michael M Ludwig officer: SR VP, CFO C/O AMTECH SYSTEMS, INC., 131 S CLARK DRIVE, TEMPE AZ 85288
Lothar Maier director 1630 MCCARTHY BLVD, MILPITAS CA 95035
Stuart L Merkadeau officer: SVP and General Counsel 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551

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