Stock Analysis on Net
Stock Analysis on Net

Abiomed Inc. (NASDAQ:ABMD)

This company has been moved to the archive! The financial data has not been updated since November 3, 2022.

Analysis of Bad Debts

Microsoft Excel

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.

Allowance for Doubtful Accounts Receivable

Microsoft Excel
Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Allowance for credit losses 624 774 1,202 1,040 320 282
Trade receivables 91,232 97,953 85,852 91,849 70,330 54,337
Financial Ratio
Allowance as a percentage of trade receivables1 0.68% 0.79% 1.40% 1.13% 0.45% 0.52%

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

1 2022 Calculation
Allowance as a percentage of trade receivables = 100 × Allowance for credit losses ÷ Trade receivables
= 100 × 624 ÷ 91,232 = 0.68%

Financial ratio Description The company
Allowance as a percentage of trade receivables Allowance for doubtful accounts divided by the gross accounts receivable. Abiomed Inc. allowance as a percentage of trade receivables decreased from 2020 to 2021 and from 2021 to 2022.