SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Siebel Systems (SEBL) - strong buy?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (1962)7/21/1998 12:24:00 PM
From: j_b  Read Replies (2) of 6974
 
While I agree the quarter was impressive, the DSO is not something that can be ignored in any company. It may mean that sales are being booked too aggressively, resulting in collectiblity issues or padding of revenues to meet expectations. I don't see how increasing deferred revenue could result in higher DSO - if the revenue isn't currently recognizable, it wouldn't affect receivables either. If a customer paid cash in advance (the usual cause of increases in deferred revenue), you would have an increase in cash and in deferred revenue, but not in receivables. Are they using a percentage of completion method of booking contracts? That would make more sense, and would help reassure investors that there is no hanky-panky going on with the numbers. I haven't looked at the Q to see what the method of accounting for revenues is, so maybe someone out there can help.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News