SolarWorld AG (HAM:SWVK) Accounts Receivable: €55.0 Mil (As of Dec. 2016)

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What is SolarWorld AG Accounts Receivable?

SolarWorld AG HAM:SWVK +1.56% Accounts Receivable is €55.0 Mil as of Dec. 2016.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SolarWorld AG's accounts receivables for the quarter that ended in Dec. 2016 was €55.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SolarWorld AG's Days Sales Outstanding for the quarter that ended in Dec. 2016 was 30.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SolarWorld AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2016 was €-21.56.

SolarWorld AG 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.

SolarWorld AG's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=55.032/164.412*91
=30.54

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

SolarWorld AG's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2016 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)
=(109.93+0.75 * 55.032+0.5 * 185.693-565.135
-0-0)/14.896
=-21.56

* 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.

SolarWorld AG Accounts Receivable Related Terms

SolarWorld AG Accounts Receivable Historical Data

* Premium members only.

The historical data trend for SolarWorld AG'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.

SolarWorld AG Accounts Receivable Chart

SolarWorld AG Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.57 48.86 75.85 97.40 55.03

SolarWorld AG Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 97.40 111.27 109.26 102.65 55.03

SolarWorld AG Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of €55.0 Mil mean?
SolarWorld AG (HAM:SWVK) has a Accounts Receivable of €55.0 Mil as of Dec. 2016. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on SolarWorld AG and its competitors.
Is SolarWorld AG's Accounts Receivable too high?
SolarWorld AG's current Accounts Receivable is €55.0 Mil.
How does SolarWorld AG's Accounts Receivable compare to SUNW and RGSE?
SolarWorld AG's Accounts Receivable of €55.0 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Semiconductors company?
A good Accounts Receivable depends on the Semiconductors industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on SolarWorld AG and its competitors. SolarWorld AG's current Accounts Receivable is €55.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SolarWorld AG stock overvalued right now?
SolarWorld AG (HAM:SWVK) has a current Accounts Receivable of €55.0 Mil. The current Accounts Receivable is €55.0 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For SolarWorld AG (HAM:SWVK), the current Accounts Receivable is €55.0 Mil as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SolarWorld AG Business Description

Address Martin-Luther-King-Street 24, Bonn, DEU, 53175
SolarWorld AG is a manufacturer of solar power products. It also researches, develops, produces and recycles on all levels of the solar value-added chain. It also focuses on the production and international distribution of high-end solar energy facilities. The business operates through segments that include Production Germany, Production United States, Trade, and Others. The Trade segment generates maximum revenue for the company. Its product line consists of module and assembly kit, cells and wafers, power generation, and other revenue. The sales of module and assembly kit generate maximum revenue for the company.