VeriSign (VeriSign) Accounts Receivable : $6 Mil (As of Dec. 2023)

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What is VeriSign Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. VeriSign's accounts receivables for the quarter that ended in Dec. 2023 was $6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. VeriSign's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. VeriSign's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-23.68.

VeriSign Accounts Receivable Historical Data

The historical data trend for VeriSign'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.

* Premium members only.

VeriSign Accounts Receivable Chart

VeriSign Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.52

4.64

5.30

6.20

6.30

VeriSign 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															6.20	-	5.30	4.60	6.30

VeriSign Accounts Receivable Calculation

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

VeriSign 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.3	/	380.4	*	91
=	1.51

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

VeriSign'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)
=	(926.4	+	0.75 * 6.3	+	0.5 * 0	-	3330
-	0	-	0)	/	101.3
=	-23.68

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.

VeriSign Accounts Receivable Related Terms

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VeriSign (VeriSign) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VeriSign Inc (NAS:VRSN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

VRSN:Mexico VRS:Germany VRS:Germany VRSN34:Brazil VRSN:Argentina

Address

12061 Bluemont Way, Reston, VA, USA, 20190

Website

https://www.verisign.com

Verisign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. The company operates critical internet infrastructure to support the domain name system, including operating two of the world's 13 root servers that are used to route internet traffic. In 2018, the firm sold off its Security Services business, signalling a renewed focus on the core registry business.

Executives

D James Bidzos	director	12061 BLUEMONT WAY, ATTN: GENERAL COUNSEL, RESTON VA 20190
Danny R Mcpherson	officer: EVP- Engineering, Ops. & CSO	12061 BLUEMONT WAY, RESTON VA 20190
Thomas C Indelicarto	officer: SVP, Gen Counsel & Secretary	12061 BLUEMONT WAY, ATTN: GENERAL COUNSEL, RESTON VA 20190
Timothy Tomlinson	director	12061 BLUEMONT WAY, ATTN: GENERAL COUNSEL, RESTON VA 20190
Todd B Strubbe	officer: EVP and COO	VERISIGN, 12061 BLUEMONT WAY, RESTON VA 20190
Kathleen A Cote	director	12061 BLUEMONT WAY, RESTON VA 20190
Yehuda Ari Buchalter	director	12061 BLUEMONT WAY, RESTON VA 20190
Kilguss George E Iii	officer: EVP and CFO	C/O VERISIGN, INC., 12061 BLUEMONT WAY, RESTON VA 20190
Frist Thomas F Iii	director	3100 WEST END AVENUE SUITE 1225, NASHVILLE TN 37203
Armstrong Courtney D	director	12061 BLUEMONT WAY, RESTON VA 20190
Berkshire Hathaway Inc	10 percent owner	3555 FARNAM STREET, OMAHA NE 68131
Jamie S Gorelick	director	12061 BLUEMONT WAY, RESTON VA 20190
Richard H Goshorn	officer: SVP, GC and Secretary	12061 BLUEMONT WAY, ATTN: GENERAL COUNSEL, RESTON VA 20190
John D Roach	director	PMI GROUP INC, 601 MONTGOMERY ST, SAN FRANCISCO CA 94111
Warren E Buffett	10 percent owner	3555 FARNAM ST, STE 1440, OMAHA NE 68131