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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PTC Therapeutics's accounts receivables for the quarter that ended in Sep. 2024 was $200.0 Mil.
Accounts receivable can be measured by Days Sales Outstanding. PTC Therapeutics's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 92.73.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PTC Therapeutics's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-22.29.
The historical data trend for PTC Therapeutics'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.
PTC Therapeutics Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 55.54 | 69.93 | 110.46 | 155.61 | 160.82 |
PTC Therapeutics Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Accounts Receivable | Get a 7-Day Free Trial | 165.72 | 160.82 | 197.66 | 187.15 | 199.98 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
PTC Therapeutics's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 199.976 | / | 196.786 | * | 91 |
= | 92.73 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), PTC Therapeutics's accounts receivable are only considered to be worth 75% of book value:
PTC Therapeutics's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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) | ||
= | (1013.357 | + | 0.75 * 199.976 | + | 0.5 * 35.671 | - | 2896.588 |
- | 0 | - | 0) | / | 76.9521 | ||
= | -22.29 |
* 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.
Thank you for viewing the detailed overview of PTC Therapeutics's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Elliott Boulding | officer: Exec. VP and CLO | C/O PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
Jerome B Zeldis | director | 8767 E. VIA DE VENTURA, SUITE 190, SCOTTSDALE AZ 85258 |
Neil Gregory Almstead | officer: EVP Research Pharma Ops & Tech | C/O PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
Christine Marie Utter | officer: Principal Financial Officer | C/O PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
Pierre Gravier | officer: CHIEF FINANCIAL OFFICER | C/O PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
Lee Scott Golden | officer: Chief Medical Officer | 17199 N. LAUREL PARK DRIVE, SUITE 401, LIVONIA MI 48152 |
Matthew B. Klein | officer: Chief Development Officer | C/O PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
Eric Pauwels | officer: Chief Business Officer | 550 HILLS DRIVE, BEDMINSTER NJ 07921 |
Allan Steven Jacobson | director | PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
Michael Schmertzler | director | 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN PA 19428 |
Alethia Young | director | C/O GRAPHITE BIO, INC., 201 HASKINS WAY, SUITE 210, SOUTH SAN FRANCISCO CA 94080 |
Bell William F. Jr. | director | C/O PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
Emma Reeve | director | C/O PAREXEL INTERNATIONAL CORPORATION, 195 WEST STREET, WALTHAM MA 02451 |
David P Southwell | director | C/O INOTEK PHARMACEUTICALS CORPORATION, 91 HARTWELL AVENUE, LEXINGTON MA 02421 |
Emily Luisa Hill | officer: Chief Financial Officer | C/O PTC THERAPEUTICS, INC., 100 CORPORATE COURT, SOUTH PLAINFIELD NJ 07080 |
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