BlackBerry (TSX:BB) Accounts Receivable

: C$269 Mil (As of Feb. 2024)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BlackBerry's accounts receivables for the quarter that ended in Feb. 2024 was C$269 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BlackBerry's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 104.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BlackBerry's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was C$-0.53.

BlackBerry Accounts Receivable Historical Data

The historical data trend for BlackBerry'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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BlackBerry Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Accounts Receivable

285.65

231.07

175.41

161.45

268.65

BlackBerry Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable																161.45	158.15	171.17	250.84	268.65

BlackBerry Accounts Receivable Calculation

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

BlackBerry 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	268.65	/	233.55	*	91
=	104.96

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

BlackBerry's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(319.95	+	0.75 * 268.65	+	0.5 * 0	-	835.65
-	0	-	0)	/	589.233
=	-0.53

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.

BlackBerry Accounts Receivable Related Terms

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BlackBerry (TSX:BB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlackBerry Ltd (TSX:BB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

BB:USA BB:Mexico RI1:Germany RI1:Germany RI1:Germany BBRY:Argentina

Address

2200 University Avenue East, Waterloo, ON, CAN, N2K 0A7

Website

https://www.blackberry.com

BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.