Sonos (SONO) Accounts Receivable

: $81 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sonos's accounts receivables for the quarter that ended in Dec. 2023 was $81 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sonos's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 12.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sonos's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.79.

Sonos Accounts Receivable Historical Data

The historical data trend for Sonos'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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Sonos Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

102.74

54.94

100.78

101.21

67.58

Sonos Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																109.70	84.20	114.66	67.58	80.81

Sonos Accounts Receivable Calculation

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

Sonos 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	80.811	/	612.869	*	91
=	12.03

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

Sonos'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)
=	(467.342	+	0.75 * 80.811	+	0.5 * 173.043	-	515.581
-	0	-	0)	/	124.571
=	0.79

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.

Sonos Accounts Receivable Related Terms

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Sonos (SONO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sonos Inc (NAS:SONO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

8SO:Germany SONO:Austria

Address

614 Chapala Street, Santa Barbara, CA, USA, 93101

Website

https://www.sonos.com

Sonos Inc is engaged in providing home sound systems. The company's product profile includes speaker sets and other accessories like boost, mounts, stands, and cables and networking. Geographically, the company operates in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. Generating a majority of its revenue from the Americas.

Executives

Joanna Coles	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Maxime Bouvat-merlin	officer: Chief Product Officer	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Edward P Lazarus	officer: CFO & CLO	C/O TRIBUNE COMPANY, 435 NORTH MICHIGAN AVENUE, CHICAGO IL 60611
Shamayne Braman	officer: Chief People Officer	C/O SONOS, INC., 614 CHAPALA ST., SANTA BARBARA CA 93101
Nicholas Millington	officer: Chief Innovation Officer	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Patrick Spence	director, officer: Chief Executive Officer	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Thomas Conrad	director	2101 WEBSTER STREET, SUITE 1650, OAKLAND CA 94612
Christopher Scott Mason	officer: Principal Accounting Officer	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Matthew O. Siegel	officer: Chief Commercial Officer	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Brittany Bagley	director	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Anna Fraser	officer: Chief People Officer	C/O SONOS INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Michelangelo Volpi	director	C/O HORTONWORKS, INC., 3640 W. BAYSHORE RD., PALO ALTO CA 94303
Julius Genachowski	director	C/O INTERACTIVECORP, 152 WEST 57TH STREET, NEW YORK NY 10019
Panos Panay	director	614 CHAPALA STREET, SANTA BARBARA CA 93101
John Maeda	director	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101