GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shimmick Corp (NAS:SHIM) » Definitions » Accounts Receivable

SHIM (Shimmick) Accounts Receivable : $53.5 Mil (As of Sep. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Shimmick Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Shimmick's accounts receivables for the quarter that ended in Sep. 2024 was $53.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Shimmick's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 29.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Shimmick's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-8.28.


Shimmick Accounts Receivable Historical Data

The historical data trend for Shimmick'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.

Shimmick Accounts Receivable Chart

Shimmick Annual Data
Trend Dec21 Dec22 Dec23
Accounts Receivable
130.00 56.43 54.18

Shimmick Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 68.44 54.18 49.70 48.52 53.52

Shimmick Accounts Receivable Calculation

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


Shimmick 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.

Shimmick's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=53.516/166.035*91
=29.41

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

Shimmick'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)
=(25.962+0.75 * 53.516+0.5 * 0-345.764
-0--0.159)/33.7387
=-8.28

* 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.


Shimmick Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Shimmick's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Shimmick Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
530 Technology Drive, Suite 300, Irvine, CA, USA, 92618
Shimmick Corp is a leading provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.