QCLSF (Global PVQ SE) Accounts Receivable: $178 Mil (As of Dec. 2011)

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What is Global PVQ SE Accounts Receivable?

Global PVQ SE QCLSF Accounts Receivable is $178 Mil as of Dec. 2011.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Global PVQ SE's accounts receivables for the quarter that ended in Dec. 2011 was $178 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Global PVQ SE's Days Sales Outstanding for the quarter that ended in Dec. 2011 was 34.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Global PVQ SE's Net-Net Working Capital per share for the quarter that ended in Dec. 2011 was $-5.07.

Global PVQ SE 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.

Global PVQ SE's Days Sales Outstanding for the quarter that ended in Dec. 2011 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=177.763/464.737*91
=34.90

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

Global PVQ SE's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2011 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)
=(432.895+0.75 * 177.763+0.5 * 187.5-1554.737
-0-0)/176.343
=-5.07

* 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.

Global PVQ SE Accounts Receivable Related Terms

Global PVQ SE Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Global PVQ SE'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.

Global PVQ SE Accounts Receivable Chart

Global PVQ SE Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Accounts Receivable
Get a 7-Day Free Trial 176.27 244.87 288.92 143.78 177.76

Global PVQ SE Quarterly Data
Dec04 Dec05 Dec06 Dec07 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
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 143.78 100.84 202.74 161.76 177.76

Global PVQ SE 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 $178 Mil mean?
Global PVQ SE (QCLSF) has a Accounts Receivable of $178 Mil as of Dec. 2011. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Global PVQ SE and its competitors.
Is Global PVQ SE's Accounts Receivable too high?
Global PVQ SE's current Accounts Receivable is $178 Mil.
How does Global PVQ SE's Accounts Receivable compare to BSRC and YGEHY?
Global PVQ SE's Accounts Receivable of $178 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 Global PVQ SE and its competitors. Global PVQ SE's current Accounts Receivable is $178 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global PVQ SE stock overvalued right now?
Global PVQ SE (QCLSF) has a current Accounts Receivable of $178 Mil. The current Accounts Receivable is $178 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 Global PVQ SE (QCLSF), the current Accounts Receivable is $178 Mil as of Dec. 2011. 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.

Global PVQ SE Business Description

Address OT Thalheim, Sonnenallee 17-21, Bitterfeld-Wolfen, DEU, 06766
Global PVQ SE is engaged in the production of renewable energies and photovoltaic devices. The business activities of the group are under Products and Systems segments. The Products segment comprises the production and sale of solar cells from monocrystalline and polycrystalline silicon, and production and sale of corresponding modules. The Systems segment comprises the development and installation of photovoltaic systems, including both large-scale systems as well as medium-sized industrial and commercial systems. Geographically, the activities are functioned through the region of Germany.