SPDC (Speed Commerce) Accounts Receivable: $20.8 Mil (As of Dec. 2015)

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What is Speed Commerce Accounts Receivable?

Speed Commerce SPDC Accounts Receivable is $20.8 Mil as of Dec. 2015.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Speed Commerce's accounts receivables for the quarter that ended in Dec. 2015 was $20.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Speed Commerce's Days Sales Outstanding for the quarter that ended in Dec. 2015 was 56.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Speed Commerce's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was $-23.30.

Speed Commerce 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.

Speed Commerce's Days Sales Outstanding for the quarter that ended in Dec. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=20.772/33.45*91
=56.67

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

Speed Commerce's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 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)
=(5.068+0.75 * 20.772+0.5 * 0.732-161.739
-0-0)/6.039
=-23.30

* 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.

Speed Commerce Accounts Receivable Related Terms

Speed Commerce Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Speed Commerce'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.

Speed Commerce Accounts Receivable Chart

Speed Commerce Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.83 47.94 14.90 18.53 18.69

Speed Commerce Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 29.02 18.69 18.88 19.85 20.77

Speed Commerce 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 $20.8 Mil mean?
Speed Commerce (SPDC) has a Accounts Receivable of $20.8 Mil as of Dec. 2015. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Speed Commerce and its competitors.
Is Speed Commerce's Accounts Receivable too high?
Speed Commerce's current Accounts Receivable is $20.8 Mil.
How does Speed Commerce's Accounts Receivable compare to RMDM and BVTK?
Speed Commerce's Accounts Receivable of $20.8 Mil can be compared against companies in the Software 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 Software company?
A good Accounts Receivable depends on the Software 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 Speed Commerce and its competitors. Speed Commerce's current Accounts Receivable is $20.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speed Commerce stock overvalued right now?
Speed Commerce (SPDC) has a current Accounts Receivable of $20.8 Mil. The current Accounts Receivable is $20.8 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 Speed Commerce (SPDC), the current Accounts Receivable is $20.8 Mil as of Dec. 2015. 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.

Speed Commerce Business Description

Address 1303 East Arapaho Road, Suite 200, Richardson, TX, USA, 75081
Speed Commerce Inc is a provider of flexible end-to-end e-commerce services to retailers and manufacturers. It provides Web platform development and hosting, order management, fulfillment, logistics and contact center services, which provide clients with transaction-based services and information management tools. It manages fulfillment center from four facilities located in Pennsylvania, Ohio, Missouri, and Texas, utilizing automation technology, such as unit sortation, pick-to-pack conveyors and radio frequency (RF) scanning.