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Seagate Technology Holdings (Seagate Technology Holdings) Accounts Receivable : $332 Mil (As of Mar. 2024)


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What is Seagate Technology Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Seagate Technology Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $332 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Seagate Technology Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 18.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Seagate Technology Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-35.06.


Seagate Technology Holdings Accounts Receivable Historical Data

The historical data trend for Seagate Technology Holdings'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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Seagate Technology Holdings Accounts Receivable Chart

Seagate Technology Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 989.00 1,115.00 1,158.00 1,532.00 621.00

Seagate Technology Holdings 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 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 994.00 621.00 521.00 471.00 332.00

Seagate Technology Holdings Accounts Receivable Calculation

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


Seagate Technology Holdings 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=332/1655*91
=18.31

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

Seagate Technology Holdings'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)
=(795+0.75 * 332+0.5 * 1191-8985
-0-0)/209.511
=-35.06

* 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.


Seagate Technology Holdings Accounts Receivable Related Terms

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Seagate Technology Holdings (Seagate Technology Holdings) Business Description

Address
38/39 Fitzwilliam Square, Dublin, IRL, D02 NX53
Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
Executives
Ban Seng Teh officer: SVP, Sales 47488 KATO ROAD, FREMONT CA 94538
Katherine Schuelke officer: SVP, CLO & Corporate Secretary 47488 KATO ROAD, FREMONT CA 94538
John Christopher Morris officer: SVP, HDD & SDD Products & CTO 1280 DISC DRIVE, SHAKOPEE MN 55379
William D Mosley officer: President & COO SEAGATE TECHNOLOGY, 47488 KATO ROAD, FREMONT CA 94538
Gianluca Romano officer: EVP & CFO 47488 KATO ROAD, FREMONT CA 94538
Dylan G. Haggart director ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Edward J Zander director MOTOROLA, INC., 1303 E. ALGONQUIN ROAD, SCHAUMBURG IL 60196
Kian Fatt Chong officer: SVP, Global Operations AVE 5, WOODLANDS U0 121
Jeffrey D. Nygaard officer: Executive Vice President 47488 KATO ROAD, FREMONT CA 94538
Robert A Bruggeworth director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Richard L Clemmer director P O BOX 34552, LAS VEGAS NV 89129
Stephen J Luczo director, officer: Chairman and CEO
Jay L Geldmacher director 5810 VAN ALLEN WAY, CARLSBAD CA 92008
Yolanda Lee Conyers director 47488 KATO ROAD, FREMONT CA 94538
Stephanie Tilenius director C/O IRONPLANET, INC., 4695 CHABOT DRIVE, SUITE 102, PLEASANTON CA 94588