Primoris Services (FRA:1PM) Change In Receivables : €-229 Mil (TTM As of Mar. 2024)

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What is Primoris Services Change In Receivables?

Primoris Services's change in receivables for the quarter that ended in Mar. 2024 was €-143 Mil. It means Primoris Services's Accounts Receivable increased by €143 Mil from Dec. 2023 to Mar. 2024 .

Primoris Services's change in receivables for the fiscal year that ended in Dec. 2023 was €-226 Mil. It means Primoris Services's Accounts Receivable increased by €226 Mil from Dec. 2022 to Dec. 2023 .

Primoris Services's Accounts Receivable for the quarter that ended in Mar. 2024 was €934 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. Primoris Services's Days Sales Outstanding for the three months ended in Mar. 2024 was 65.55.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Primoris Services's liquidation value for the three months ended in Mar. 2024 was €-1,625 Mil.

Primoris Services Change In Receivables Historical Data

The historical data trend for Primoris Services'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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Primoris Services Change In Receivables Chart

Primoris Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-7.71

-8.83

-49.97

-205.35

-226.23

Primoris Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-144.51	-156.70	9.67	61.86	-143.39

Primoris Services 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-229 Mil.

Primoris Services (FRA:1PM) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	933.634	/	1299.69	*	91
=	65.55

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

Primoris Services's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	163.392	-	2488.639	+	0.75 * 933.634	+	0.5 * 0
=	-1,625

Primoris Services Change In Receivables Related Terms

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Primoris Services (FRA:1PM) Business Description

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PRIM:USA 1PM:Germany

Address

2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201

Website

https://www.primoriscorp.com

Primoris Services Corp is a specialty contractor and infrastructure company in the United States. It has three operating segments. The Utility segment specializes in a range of services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The pipeline segment constructs and maintains pipelines for the petroleum and petrochemical industries. The Energy/Renewables segment includes engineering, procurement, construction, retrofits, highway and bridge construction, demolition, and other services. The Energy/Renewables segment earns the majority of the revenue. Primoris earns most of its revenue in the U.S.

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