SPDC (Speed Commerce) Change In Receivables: $8.3 Mil (TTM As of Dec. 2015)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Speed Commerce Change In Receivables?

Speed Commerce SPDC Change In Receivables is $8.3 Mil as of Dec. 2015.

Speed Commerce's change in receivables for the quarter that ended in Dec. 2015 was $-0.9 Mil. It means Speed Commerce's Accounts Receivable increased by $0.9 Mil from Sep. 2015 to Dec. 2015 .

Speed Commerce's change in receivables for the fiscal year that ended in Mar. 2015 was $5.0 Mil. It means Speed Commerce's Accounts Receivable declined by $5.0 Mil from Mar. 2014 to Mar. 2015 .

Speed Commerce's Accounts Receivable for the quarter that ended in Dec. 2015 was $20.8 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. Speed Commerce's Days Sales Outstanding for the three months ended in Dec. 2015 was 56.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Speed Commerce's liquidation value for the three months ended in Dec. 2015 was $-140.7 Mil.

Speed Commerce  (OTCPK:SPDC) 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.

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 liquidation value, Speed Commerce's accounts receivable are only considered to be worth 75% of book value:

Speed Commerce's liquidation value for the quarter that ended in Dec. 2015 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=5.068-161.739+0.75 * 20.772+0.5 * 0.732
=-140.7

* 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 Change In Receivables Related Terms

Speed Commerce Change In Receivables Historical Data

* Premium members only.

The historical data trend for Speed Commerce'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.

Speed Commerce Change In Receivables Chart

Speed Commerce Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.23 -2.50 -0.28 -3.63 5.02

Speed Commerce Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
Change In Receivables 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 -1.93 10.34 -0.19 -0.97 -0.92

Speed Commerce 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 Dec. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.3 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $8.3 Mil mean?
Speed Commerce (SPDC) has a Change In Receivables of $8.3 Mil as of Dec. 2015. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Speed Commerce and its competitors.
Is Speed Commerce's Change In Receivables too high?
Speed Commerce's current Change In Receivables is $8.3 Mil.
How does Speed Commerce's Change In Receivables compare to RMDM and BVTK?
Speed Commerce's Change In Receivables of $8.3 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 Change In Receivables for a Software company?
A good Change In Receivables depends on the Software industry context. However, Change In Receivables 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 Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Speed Commerce and its competitors. Speed Commerce's current Change In Receivables is $8.3 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 Change In Receivables of $8.3 Mil. The current Change In Receivables is $8.3 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Speed Commerce (SPDC), the current Change In Receivables is $8.3 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.