Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Accounts Receivable

: $1,011 Mil (As of Sep. 2023)

View and export this data going back to 1995. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cia Energetica DE Minas Gerais - Cemig's accounts receivables for the quarter that ended in Sep. 2023 was $1,011 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cia Energetica DE Minas Gerais - Cemig's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 48.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cia Energetica DE Minas Gerais - Cemig's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-2.12.

Cia Energetica DE Minas Gerais - Cemig Accounts Receivable Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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.

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

1,053.72

1,102.21

850.00

783.39

909.18

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable																885.27	909.18	942.86	966.01	1,011.00

Cia Energetica DE Minas Gerais - Cemig Accounts Receivable Calculation

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

Cia Energetica DE Minas Gerais - Cemig 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.

Cia Energetica DE Minas Gerais - Cemig's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1010.995	/	1908.727	*	91
=	48.33

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cia Energetica DE Minas Gerais - Cemig's accounts receivable are only considered to be worth 75% of book value:

Cia Energetica DE Minas Gerais - Cemig's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(1013.02	+	0.75 * 1010.995	+	0.5 * 0	-	6424.97
-	0	-	1.215)	/	2200.52
=	-2.12

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.

Cia Energetica DE Minas Gerais - Cemig Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Cia Energetica DE Minas Gerais - Cemig's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.