GigaCloud Technology (GigaCloud Technology) Accounts Receivable : $59.4 Mil (As of Mar. 2024)

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What is GigaCloud Technology Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GigaCloud Technology's accounts receivables for the quarter that ended in Mar. 2024 was $59.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GigaCloud Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 21.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GigaCloud Technology's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-8.01.

GigaCloud Technology Accounts Receivable Historical Data

The historical data trend for GigaCloud Technology'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.

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GigaCloud Technology Accounts Receivable Chart

GigaCloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

24.02

18.04

27.14

58.88

GigaCloud Technology Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial										29.81	30.45	31.43	58.88	59.40

GigaCloud Technology Accounts Receivable Calculation

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

GigaCloud Technology 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.

GigaCloud Technology's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	59.4	/	251.077	*	91
=	21.59

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

GigaCloud Technology's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(195.289	+	0.75 * 59.4	+	0.5 * 186.131	-	659.829
-	0	-	0)	/	40.7974
=	-8.01

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.

GigaCloud Technology Accounts Receivable Related Terms

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GigaCloud Technology (GigaCloud Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GigaCloud Technology Inc (NAS:GCT) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, Unit A, 12th Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

https://www.gigacloudtech.com

GigaCloud Technology Inc end-to-end B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which refers to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price.