Photronics (Photronics) Accounts Receivable

: $203.6 Mil (As of Jan. 2024)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Photronics's accounts receivables for the quarter that ended in Jan. 2024 was $203.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Photronics's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 85.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Photronics's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $2.26.

Photronics Accounts Receivable Historical Data

The historical data trend for Photronics'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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Photronics Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Receivable

134.45

134.47

174.45

198.15

194.93

Photronics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable																220.69	214.46	206.13	194.93	203.61

Photronics Accounts Receivable Calculation

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

Photronics 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	203.607	/	216.334	*	91
=	85.88

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

Photronics's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(521.514	+	0.75 * 203.607	+	0.5 * 50.68	-	235.782
-	0	-	324.098)	/	61.746
=	2.26

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.

Photronics Accounts Receivable Related Terms

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Photronics (Photronics) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PQ2:Germany PQ2:Germany

Address

15 Secor Road, Brookfield, CT, USA, 06804

Website

https://www.photronics.com

Photronics Inc is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue worldwide, including in the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Taiwan contributing the majority of total revenue.

Executives

Mitchell G Tyson	director	15 SECOR ROAD, BROOKFIELD CT 06804
Adam M Lewis	director	15 SECOR ROAD, BROOKFIELD CT 06804
Christopher J Progler	officer: VP,Chief Technology Officer	15 SECOR ROAD, BROOKFIELD CT 06804
Peter S Kirlin	officer: Senior VP, U.S. & Europe	15 SECOR ROAD, BROOKFIELD CT 06804
Richelle E Burr	officer: VP, General Counsel & Secy	15 SECOR RD, BROOKFIELD CT 06804
Kang Jyh Lee	officer: President, Asia IC Photomask	15 SECOR ROAD, BROOKFIELD CT 06804
John P Jordan	officer: SVP & Chief Financial Officer	600 EAST GREENWICH AVENUE, WEST WARWICK RI 02893
Daniel Jl Liao	director	2045 EAST INNOVATION CIRCLE, TEMPE AZ 85284
Fiorita Joseph A Jr	director	15 SECOR ROAD, BROOKFIELD CT 06804
Walter M Fiederowicz	director	15 SECOR ROAD, BROOKFIELD CT 06804
Mary Paladino	director	15 SECOR ROAD, BROOKFIELD CT 06804
George Macricostas	director	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Macricostas Constantine S	director	15 SECOR ROAD, P.O. BOX 5226, BROOKFIELD CT 06804
Sean T Smith	officer: VP and Chief Financial Officer	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Liang Choo Hsia	director	15 SECOR RD., BROOKFIELD CT 06804