iRobot (NAS:IRBT) Accounts Receivable

: $72 Mil (As of Jun. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. iRobot's accounts receivables for the quarter that ended in Jun. 2023 was $72 Mil.

Accounts receivable can be measured by Days Sales Outstanding. iRobot's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 27.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. iRobot's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-4.02.

iRobot Accounts Receivable Historical Data

The historical data trend for iRobot'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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iRobot Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

162.17

146.16

170.53

160.64

66.03

iRobot Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Accounts Receivable																87.77	133.06	66.03	29.65	72.31

iRobot Accounts Receivable Calculation

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

iRobot 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	72.306	/	236.568	*	91
=	27.89

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

iRobot's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(57.954	+	0.75 * 72.306	+	0.5 * 170.561	-	308.72
-	0	-	0)	/	27.696
=	-4.02

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.

iRobot Accounts Receivable Related Terms

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iRobot (NAS:IRBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » iRobot Corp (NAS:IRBT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

I8R:Germany I8R:Germany I8R:Germany IRBT:Austria

Address

8 Crosby Drive, Bedford, MA, USA, 01730

Website

https://www.irobot.com

iRobot Corp is a united state based consumer robot company. It designs and builds robots that assist consumers with the solutions for the activities to be carried both inside and outside of the home. The company's consumer robot comprises a portfolio of solutions which includes cleaning, mapping and navigation, human-robot interaction, and physical solutions. The company operates in the business segment of Consumer robots. The consumer robot products are provided to the consumers by retail businesses and online store. The company derives its revenue from the product sales. It sells the products across the United States and around the world.

Executives

Karen Golz	director	ONE TECHNOLOGY WAY, NORWOOD MA 02062
Jean Jacques Blanc	officer: Chief Commercial Officer	IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
Faris Habbaba	officer: Chief R&D Officer	IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
Julie Zeiler	officer: EVP, Chief Financial Officer	C/O IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
Karian Wong	officer: VP, Finance	C/O IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
Timothy Saeger	officer: EVP Engineering	C/O IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
David Keith Hartsfield	officer: Chief Product Officer	C/O IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01730
Eva Manolis	director	C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
Ruey Bin Kao	director	CHINA HOLDINGS ACQUISITION CORP., 33 RIVERSIDE AVENUE, 5TH FLOOR, WESTPORT CT 06880
Elisha W Finney	director	C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304
Andrew Miller	director	111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Michael Bell	director	C/O SILVER SPRING NETWORKS, INC., 555 BROADWAY STREET, REDWOOD CITY CA 94063
Mohamad Ali	director	2 AVENUE DE LAFAYETTE, BOSTON MA 02111
Michelle Stacy	director	33 COFFEE LANE, WATERBURY VT 05676
Christian Cerda	officer: SVP & GM, Home Robots	IROBOT CORPORATION, 8 CROSBY DRIVE, BEDFORD MA 01930