CSP (CSPI) Accounts Receivable

: $11.72 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. CSP's accounts receivables for the quarter that ended in Dec. 2023 was $11.72 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CSP's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 69.57.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CSP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $1.79.

CSP Accounts Receivable Historical Data

The historical data trend for CSP'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.

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CSP Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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15.11

13.36

18.70

22.99

20.13

CSP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															22.23	22.13	23.52	20.13	11.72

CSP Accounts Receivable Calculation

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

CSP 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.722	/	15.375	*	91
=	69.57

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

CSP'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)
=	(25.611	+	0.75 * 11.722	+	0.5 * 6.963	-	20.953
-	0	-	0)	/	9.45515
=	1.79

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.

CSP Accounts Receivable Related Terms

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CSP (CSPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CSP Inc (NAS:CSPI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

175 Cabot Street, Suite 210, Lowell, MA, USA, 01854

Website

https://www.cspi.com

CSP Inc along with its subsidiaries develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and high-performance cluster computer systems. The firm operates in two segments namely Technology Solutions, where the company focus on value-added reseller integrated solutions including third-party hardware, software, and technical computer-related consulting, and High-Performance Products segments, where the company design, manufacture and deliver products and services to customers that require specialized cyber security services, networking and signal processing. It generates a majority of its revenue from the Technology Solutions segment. Geographically, the company generates its maximum revenue from the Americas.

Executives

Joseph R Nerges	10 percent owner	1726 BUNDY ST, SCRANTON PA 18508
Gary Southwell	officer: VP and GM	175 CABOT STREET, SUITE 210, LOWELL MA 01854
Mike Newbanks	officer: VP Finance & CAO	1182 E NEWPORT CENTER DRIVE, DEERFIELD BEACH FL 33442
Gary W Levine	officer: CFO	215 BUNKER HILL ST., CHARLESTOWN MA 02129
Victor Dellovo	officer: President and CEO	1182 EAST NEWPORT CENTER DRIVE, DEERFIELD BEACH FL 33442-8126
C Shelton James	director	GROUP LONG DISTANCE INC, 1451 W CYPRESS CREEK RD STE 200, FT LAUDERDALE FL 33309
Ismail Azeri	director	175 CABOT STREET, SUITE 210, LOWELL MA 01854
John M Leydon	officer: VP Finance Chief Acct Officer	2 BECK STREET, NEWBURYPORT MA 01950
Blackmon Raymond Charles Jr	director	155 VIOLET PLACE, EUFAULA AL 36027
Marilyn T Smith	director	10349 MAIN STREET, FAIRFAX VA 22030
Robert E Bunnett	director	733 MEDITERRANEAN LANE, REDWOOD CITY CA 94065
Julian Demora	other: Investor	P.O.BOX 220139, HOLLYWOOD FL 33022
Christopher Hall	director, 10 percent owner	671 NORTHEAST 105TH ST, MIAMI SHORES FL 33138
Robert Michael Williams	director	P.O. 296, BREWSTER MA 02631
Robert A Stellato	officer: Chief Accounting Officer	43 MANNING ROAD, BILLERICA MA 01821