Cognizant Technology Solutions (Cognizant Technology Solutions) Accounts Receivable

: $3,849 Mil (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cognizant Technology Solutions's accounts receivables for the quarter that ended in Dec. 2023 was $3,849 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cognizant Technology Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 73.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cognizant Technology Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.53.

Cognizant Technology Solutions Accounts Receivable Historical Data

The historical data trend for Cognizant Technology Solutions'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.

Cognizant Technology Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

3,256.00

3,087.00

3,557.00

3,796.00

3,849.00

Cognizant Technology Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																3,796.00	3,718.00	3,755.00	3,807.00	3,849.00

Cognizant Technology Solutions Accounts Receivable Calculation

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

Cognizant Technology Solutions 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3849	/	4758	*	91
=	73.82

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

Cognizant Technology Solutions'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)
=	(2635	+	0.75 * 3849	+	0.5 * 0	-	5256
-	0	-	0)	/	498
=	0.53

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.

Cognizant Technology Solutions Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Cognizant Technology Solutions's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cognizant Technology Solutions (Cognizant Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cognizant Technology Solutions Corp (NAS:CTSH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CTSH:Mexico COZ:Germany COZ:Germany CTSH34:Brazil

Address

300 Frank West Burr Boulevard, Suite 36, 6th Floor, Teaneck, NJ, USA, 07666

Website

https://www.cognizant.com

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.

Executives

Michael Patsalos-fox	director	300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Mackay Leo S. Jr.	director	C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Robert C. Walker	officer: EVP & Pres, Global Growth Mkts	C/O COGNIZANT TECHNOLOGY SOLUTIONS, 300 FRANK W. BURR BOULEVARD, TEANECK NJ 07666
Abraham Schot	director	C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP, 300 FRANK W. BURR BLVD. STE 36, 6 FL, TEANECK NJ 07666
Zein Abdalla	director	700 ANDERSON HILL ROAD, LEGAL DEPARTMENT, 1/2, PURCHASE NY 10577
Maureen Breakiron-evans	director	C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Kathryn Diaz	officer: SVP & Interim Chief People Off	300 FRANK W BURR BLVD, TEANECK NJ 07666
Eric Branderiz	director	915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453
Nella Domenici	director	C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Ravi Kumar Singisetti	director, officer: Chief Executive Officer	9405 SW GEMINI DRIVE, BEAVERTON OR 97008
Surya Gummadi	officer: SVP & Interim Americas Lead	C/O COGNIZANT TECHNOLOGY SOLUTIONS, 300 FRANK W. BURR BOULEVARD, TEANECK NJ 07666
Andrew J Stafford	officer: EVP, Head of Global Delivery	C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Stephen J Rohleder	director	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Rajesh Nambiar	officer: President, Digital Business	300 FRANK W. BURR BLVD, STE. 36, 6TH FL., TEANECK NJ 07666
Robert Telesmanic	officer: SVP, Cont. & Chief Acct. Offc.	COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666