Cboe Global Markets (Cboe Global Markets) Accounts Receivable

: $337 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cboe Global Markets's accounts receivables for the quarter that ended in Dec. 2023 was $337 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cboe Global Markets's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 31.77.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cboe Global Markets's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-25.10.

Cboe Global Markets Accounts Receivable Historical Data

The historical data trend for Cboe Global Markets'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.

* Premium members only.

Cboe Global Markets Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

234.70

337.30

326.90

369.80

337.30

Cboe Global Markets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																369.80	393.40	363.60	359.10	337.30

Cboe Global Markets Accounts Receivable Calculation

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

Cboe Global Markets 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.

Cboe Global Markets's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	337.3	/	968.7	*	91
=	31.77

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

Cboe Global Markets's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(600.7	+	0.75 * 337.3	+	0.5 * 0	-	3502.5
-	0	-	0)	/	105.528
=	-25.10

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.

Cboe Global Markets Accounts Receivable Related Terms

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Cboe Global Markets (Cboe Global Markets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cboe Global Markets Inc (BATS:CBOE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

C67:Germany C67:Germany C1BO34:Brazil

Address

433 West Van Buren Street, Chicago, IL, USA, 60607

Website

https://www.cboe.com

Cboe Global Markets, Inc is a provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The Company is committed to operating a trusted, inclusive global marketplace, and to providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe, and Asia Pacific.

Executives

Christopher A Isaacson	officer: EVP, CIO	433 WEST VAN BUREN STREET, CHICAGO IL 60607
Catherine R Clay	officer: EVP, Data and Access Solutions	433 WEST VAN BUREN STREET, CHICAGO IL 60607
Stephanie Foley	officer: EVP, CHRO	433 W. VAN BUREN ST., CHICAGO IL 60607
Adam Inzirillo	officer: EVP, DATA AND ACCESS SOLUTIONS	433 W. VAN BUREN ST., CHICAGO IL 60607
Dave Howson	officer: President, Europe	433 WEST VAN BUREN STREET, CHICAGO IL 60607
Jill R Goodman	director	433 WEST VAN BUREN STREET, CHICAGO IL 60607
Edward T Tilly	officer: Executive Vice Chairman	433 W. VAN BUREN STREET, CHICAGO IL 60607
John P Sexton	officer: EVP, GC and Corp Sec	433 W. VAN BUREN STREET, CHICAGO IL 60607
Joseph P Ratterman	director	C/O LABONE, INC., 10101 RENNER BOULEVARD, LENEXA KS 66219
Brian N Schell	officer: Executive VP, CFO & Treasurer	433 WEST VAN BUREN STREET, CHICAGO IL 60607
Jill Griebenow	officer: SVP, CAO	433 WEST VAN BUREN STREET, CHICAGO IL 60607
Ivan K Fong	director	3M CENTER, ST. PAUL MN 55144-1000
Janet P Froetscher	director	CBOE GLOBAL MARKETS, 433 W. VAN BUREN ST., CHICAGO IL 60607
Michael L Richter	director	8050 MARSHALL DRIVE, SUITE 120, LENEXA KS 66214
Eric S Crampton	officer: Executive VP, CTO	400 SOUTH LASALLE STREET, CHICAGO IL 60605