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Ixia (XXIA) Accounts Receivable : $103.4 Mil (As of Dec. 2016)


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What is Ixia Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ixia's accounts receivables for the quarter that ended in Dec. 2016 was $103.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ixia's Days Sales Outstanding for the quarter that ended in Dec. 2016 was 73.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ixia's Net-Net Working Capital per share for the quarter that ended in Dec. 2016 was $-0.13.


Ixia Accounts Receivable Historical Data

The historical data trend for Ixia'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.

Ixia Accounts Receivable Chart

Ixia Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.52 109.59 99.53 121.93 103.40

Ixia Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 121.93 95.73 89.84 95.93 103.40

Ixia Accounts Receivable Calculation

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


Ixia 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.

Ixia's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=103.395/128.163*91
=73.62

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

Ixia's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2016 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)
=(143.01+0.75 * 103.395+0.5 * 28.657-246.03
-0-0)/82.604
=-0.13

* 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.


Ixia Accounts Receivable Related Terms

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


Ixia (XXIA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Ixia was founded in 1997 and is headquartered in Calabasas, California. The Company provides application performance and security resilience network test and network visibility solutions that validate, secure, and optimize businesses' physical and virtual networks. The Company has operations in EMEA and Asia Pacific region. It offers an always-on user experience through fast, secure delivery of dynamic, connected technologies and services. The Company uses direct sales force to market and sell its products and solutions and has number of ongoing programs to support the sale and distribution of products and solutions and to inform existing and potential customers, partners and distributors about the capabilities and benefits of systems. The Company serves network equipment manufacturers, service providers, enterprises and government agencies. The Company competes with network test and monitoring solution vendors such as Spirent Communications, Gigamon, Danaher, Aeroflex, JDS Uniphase, and NetScout.
Executives
Bethany Mayer director, officer: President and CEO C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Gail Hamilton director 20330 STEVENS CREEK BLVD., CUPERTINO CA 95014
Ilan Daskal director 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547
Brent T Novak officer: Chief Financial Officer C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Jonathan Fram director NONE, SEATTLE WA 98101
Graaf Raymond De officer: Sr. Vice President, Operations C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302
Thomas B Miller officer: Chief Financial Officer C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302
Pictet Overseas Trust Corp Ltd 10 percent owner BAYSIDE EXECUTIVE PARK, BUILDING NO. 1, WEST BAY STREET AND BLAKE ROAD, NASSAU C5 0000000000
Atul Bhatnagar director, officer: President and CEO C/O IXIA, 26601 WEST AGOURA ROAD, CALABASAS CA 91302

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