Silicon Motion Technology (Silicon Motion Technology) Accounts Receivable : $194.7 Mil (As of Dec. 2023)

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What is Silicon Motion Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Silicon Motion Technology's accounts receivables for the quarter that ended in Dec. 2023 was $194.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Silicon Motion Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 87.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Silicon Motion Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $8.80.

Silicon Motion Technology Accounts Receivable Historical Data

The historical data trend for Silicon Motion Technology'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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Silicon Motion Technology Accounts Receivable Chart

Silicon Motion Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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108.73

115.83

208.57

206.11

194.70

Silicon Motion Technology 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															206.11	145.77	166.02	193.39	194.70

Silicon Motion Technology Accounts Receivable Calculation

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

Silicon Motion Technology 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	194.701	/	202.379	*	91
=	87.79

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

Silicon Motion Technology'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)
=	(314.302	+	0.75 * 194.701	+	0.5 * 216.95	-	273.265
-	0	-	0)	/	33.587
=	8.80

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.

Silicon Motion Technology Accounts Receivable Related Terms

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Silicon Motion Technology (Silicon Motion Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Silicon Motion Technology Corp (NAS:SIMO) » Definitions » Accounts Receivable

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S9M:Germany

Address

Nos 19-25 Jervois Street, Flat C, 19th Floor, Wing Cheong Commercial Building, Hong Kong Island, Hong Kong, HKG

Website

https://www.siliconmotion.com

Silicon Motion Technology Corp is active in the semiconductor industry and focuses on designing, developing, and marketing of controllers for managing NAND flash used in embedded storage applications, such as eMMC embedded memory. Its only operating segment is to develop NAND flash controllers and SSDs solutions. The company derives revenue from product categories such as Mobile Storage, Mobile Communications, and others. Silicon's geographical segments are Taiwan, the United States, Korea, China, Singapore, Malaysia, and others. The company products are used in Personal Computing, Smartphone/Tablet/CE, Flash Card/USB Flash Drive, Industrial and Embedded, Automotive, and Enterprise and Data centers.