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Primoris Services's change in receivables for the quarter that ended in Dec. 2023 was $67 Mil. It means Primoris Services's Accounts Receivable declined by $67 Mil from Sep. 2023 to Dec. 2023 .
Primoris Services's change in receivables for the fiscal year that ended in Dec. 2023 was $-247 Mil. It means Primoris Services's Accounts Receivable increased by $247 Mil from Dec. 2022 to Dec. 2023 .
Primoris Services's Accounts Receivable for the quarter that ended in Dec. 2023 was $888 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 Dec. 2023 was 53.45.
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 Dec. 2023 was $-1,708 Mil.
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.
Primoris Services Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Receivables | Get a 7-Day Free Trial | -8.56 | -10.75 | -56.46 | -217.53 | -246.71 |
Primoris Services Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Change In Receivables | Get a 7-Day Free Trial | 53.38 | -154.72 | -169.77 | 10.32 | 67.46 |
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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-247 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.
Primoris Services (NYSE:PRIM) 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 Dec. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 887.797 | / | 1515.549 | * | 91 |
= | 53.45 |
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 Dec. 2023 is calculated as:
Liquidation Value | |||||||
= | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
= | 217.778 | - | 2591.335 | + | 0.75 * 887.797 | + | 0.5 * 0 |
= | -1,708 |
* 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.
Thank you for viewing the detailed overview of Primoris Services's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Edward Mccormick | officer: Chief Operating Officer | 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201 |
Stephen C. Cook | director | 7500 SAN FELIPE, STE. 600, HOUSTON TX 77063 |
David Lee King | officer: Chief Operating Officer | 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201 |
John M. Perisich | officer: Senior VP and General Counsel, other: Member - see remark | 26000 COMMERCENTRE DR., LAKE FOREST CA 92630 |
John Schauerman | director, officer: Chief Financial Officer, other: Member - see remark | 26000 COMMERCENTRE DR., LAKE FOREST CA 92630 |
Moreno John F Jr | officer: Chief Operating Officer | C/O PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD ST, SUITE 1900, DALLAS TX 75201 |
Michael E. Ching | director | C/O PRIMORIS SERVICES CORPORATION, 2300 N FIELD STREET, SUITE 1900, DALLAS TX 75201 |
Terry D Mccallister | director | 1100 H ST NW, WASHINGTON DC 20080 |
Jose Ramon Rodriguez | director | PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD STREET, SUITE 1900, DALLAS TX 75201 |
Thomas E. Tucker | director | 3 UPPER NEWPORT PLAZA DRIVE, NEWPORT BEACH CA 92660 |
Patricia K Wagner | director | 1720 NORTH FIRST STREET, SAN JOSE CA 95020 |
Kenneth Morris Dodgen | officer: Corporate Controller | 2100 MCKINNEY AVE, SUITE 1500, DALLAS TX 75201 |
Brian Pratt | director, 10 percent owner, officer: Chairman, CEO & President, other: Member - see remark | 5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225 |
Carla S Mashinski | director | 8200 S. UNIT DRIVE, TULSA OK 74132 |
Travis L Stricker | officer: Chief Accounting Officer | 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380 |
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