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SunEdison (FRA:WFR) Accounts Receivable : €399 Mil (As of Sep. 2015)


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What is SunEdison Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SunEdison's accounts receivables for the quarter that ended in Sep. 2015 was €399 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SunEdison's Days Sales Outstanding for the quarter that ended in Sep. 2015 was 85.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SunEdison's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was €-46.67.


SunEdison Accounts Receivable Historical Data

The historical data trend for SunEdison'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.

SunEdison Accounts Receivable Chart

SunEdison Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 223.78 154.20 167.95 256.60 382.71

SunEdison Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 330.11 382.71 267.96 321.65 399.17

SunEdison Accounts Receivable Calculation

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


SunEdison 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.

SunEdison's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=399.168/424.116*91
=85.88

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

SunEdison's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 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)
=(2132.163+0.75 * 399.168+0.5 * 0-14443.11
-0-2763.882)/316.6
=-46.67

* 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.


SunEdison Accounts Receivable Related Terms

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SunEdison (FRA:WFR) Business Description

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MEMC Electronic Materials produces silicon wafers that are the basic materials used by chipmakers to fabricate semiconductors. The company operates manufacturing facilities in Europe, Japan, Malaysia, South Korea, Taiwan, and the United States. Customers include manufacturers of computer memory and microprocessors.

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