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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Proto Labs's accounts receivables for the quarter that ended in Dec. 2023 was $72.8 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Proto Labs's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 53.16.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Proto Labs's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.39.
The historical data trend for Proto Labs'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.
Proto Labs Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 57.45 | 57.88 | 80.05 | 76.23 | 72.85 |
Proto Labs 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 | 76.23 | 77.62 | 75.03 | 78.40 | 72.85 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Proto Labs's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 72.848 | / | 125.048 | * | 91 |
= | 53.16 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Proto Labs's accounts receivable are only considered to be worth 75% of book value:
Proto Labs'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) | ||
= | (102.803 | + | 0.75 * 72.848 | + | 0.5 * 13.657 | - | 77.058 |
- | 0 | - | 0) | / | 25.722 | ||
= | 3.39 |
* 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.
Thank you for viewing the detailed overview of Proto Labs's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Oleg Ryaboy | officer: Chief Technology Officer | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Robert Bodor | officer: Chief Technology Officer | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Baker Arthur R. Iii | officer: Chief Technology Officer | 14000 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344-2290 |
Daniel Schumacher | officer: Chief Financial Officer | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Stacy Greiner | director | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Michael R. Kenison | officer: VP and GM of the America's | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
John B Goodman | director | 3500 LYMAN BLVD, CHASKA MN 55379 |
Victoria M Holt | director, officer: President and CEO | PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272 |
Ranier Gawlick | director | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Sven Wehrwein | director | |
John Way | officer: Chief Financial Officer | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Moonhie Chin | director | AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903 |
Bjoern Klaas | officer: VP and Mng Director-PL Europe | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
John B. Tumelty | officer: Managing Dir.-Proto Labs, Ltd. | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
Sujeet Chand | director | ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204 |
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