CSR (LSE:CSR) Accounts Receivable : £49.0 Mil (As of Dec. 2014)

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What is CSR Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CSR's accounts receivables for the quarter that ended in Dec. 2014 was £49.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CSR's Days Sales Outstanding for the quarter that ended in Dec. 2014 was 37.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CSR's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was £0.30.

CSR Accounts Receivable Historical Data

The historical data trend for CSR'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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CSR Accounts Receivable Chart

CSR Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Accounts Receivable

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67.87

63.23

58.76

48.84

48.97

CSR Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	48.97

CSR Accounts Receivable Calculation

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

CSR 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.

CSR's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	48.968	/	120.177	*	91
=	37.18

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

CSR's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2014 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)
=	(132.812	+	0.75 * 48.968	+	0.5 * 36.052	-	131.155
-	0	-	0)	/	187.495
=	0.30

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.

CSR Accounts Receivable Related Terms

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CSR (LSE:CSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CSR PLC (LSE:CSR) » Definitions » Accounts Receivable

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Address

Website

http://www.csr.com

CSR PLC was incorporated and registered in England and Wales on 26 March 2001. The Company is the holding company of an international group of companies. It designs and develops semiconductor integrated circuits, including platforms, and software focused on the five areas in business group namely Automotive Infotainment, Imaging, Voice & Music and the two nascent markets of Bluetooth Smart and Indoor Location. The Company operates in Europe, Asia and USA.