Avid Technology (Avid Technology) Change In Receivables : $-1.2 Mil (TTM As of Sep. 2023)

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What is Avid Technology Change In Receivables?

Avid Technology's change in receivables for the quarter that ended in Sep. 2023 was $2.4 Mil. It means Avid Technology's Accounts Receivable declined by $2.4 Mil from Jun. 2023 to Sep. 2023 .

Avid Technology's change in receivables for the fiscal year that ended in Dec. 2022 was $-0.9 Mil. It means Avid Technology's Accounts Receivable increased by $0.9 Mil from Dec. 2021 to Dec. 2022 .

Avid Technology's Accounts Receivable for the quarter that ended in Sep. 2023 was $56.4 Mil.

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 Receivable are being managed. Avid Technology's Days Sales Outstanding for the three months ended in Sep. 2023 was 56.50.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Avid Technology's liquidation value for the three months ended in Sep. 2023 was $-319.4 Mil.

Avid Technology Change In Receivables Historical Data

The historical data trend for Avid Technology's Change In Receivables 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.

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Avid Technology Change In Receivables Chart

Avid Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-6.69

-6.23

-6.12

0.88

-0.86

Avid Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-2.05	-21.76	14.04	4.16	2.37

Avid Technology Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.2 Mil.

Avid Technology (NAS:AVID) Change In Receivables 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 Receivable are being managed.

Avid Technology's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.354	/	91.009	*	91
=	56.50

2. In Ben Graham's calculation of liquidation value, Avid Technology's accounts receivable are only considered to be worth 75% of book value:

Avid Technology's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	20.963	-	396.924	+	0.75 * 56.354	+	0.5 * 28.591
=	-319.4

Avid Technology Change In Receivables Related Terms

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Avid Technology (Avid Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avid Technology Inc (NAS:AVID) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

75 Blue Sky Drive, Burlington, MA, USA, 01803

Website

https://www.avid.com

Avid Technology Inc develops and sells software and hardware for digital media production and management. Its products are used in production, film studios, cable television stations, recording studios, and other agencies. The company has operations in the U.S.; the Americas; Europe, Middle East, and Africa; and Asia-Pacific. Most of its revenue is split fairly evenly between the U.S. and EMEA. The company's products are organized into suites, including Artist Suite, which includes video editing and digital audio workstations; Media Suite, which provides newsroom management solutions; Studio Suite, which provides tools for on-air programming; and Storage Suite, which provides products for digital storage. It derives most of the revenue from video and audio products and services.

Executives

Kenneth L Gayron	officer: EVP & Chief Financial Officer	75 NETWORK DRIVE, BURLINGTON MA 34212
Timothy Claman	officer: SVP & GM Video Post & Storage	75 NETWORK DRIVE, BURLINGTON MA 01803
Cordiner Tom J. A.	officer: SVP of Global Sales	PINEWOOD ROAD, IVER HEATH, BUCKINGHAMSHIRE, ENGLAND X0 01803
David Toomey	officer: SVP & GM Audio and Music	75 NETWORK DRIVE, BURLINGTON MA 01830
Mariesa Victoria	officer: VP & Chief Accounting Officer	75 NETWORK DRIVE, BURLINGTON MA 01803
Christian Asmar	director	152 WEST 57TH STREET, 17TH FLOOR, NEW YORK CITY NY 10019
Dana Ruzicka	officer: VP, Chief Product Officer	75 NETWORK DRIVE, BURLINGTON MA 01803
Nancy Hawthorne	director	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Robert M Bakish	director	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Lior Netzer	officer: SVP & GM, Media & Cloud	75 NETWORK DRIVE, BURLINGTON MA 01803
Kevin W. Riley	officer: Chief Technology Officer	75 NETWORK DRIVE, BURLINGTON MA 01803
Garrard Brown	officer: Chief Accounting Officer, other: Principal Accounting Officer	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Jason A Duva	officer: Senior VP & General Counsel, other: Corporate Secretary	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Lauren Taylor Wolfe	10 percent owner	3100 CUMBERLAND BOULEVARD, SUITE 1700, ATLANTA GA 30339
Impactive Capital Llc	10 percent owner	152 WEST 57TH, 17TH FLOOR, NEW YORK CITY NY 10019