Concurrent Technologies (LSE:CNC) Accounts Receivable : £5.43 Mil (As of Dec. 2023)

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What is Concurrent Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Concurrent Technologies's accounts receivables for the quarter that ended in Dec. 2023 was £5.43 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Concurrent Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 50.77.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Concurrent Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £0.10.

Concurrent Technologies Accounts Receivable Historical Data

The historical data trend for Concurrent Technologies'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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Concurrent Technologies Accounts Receivable Chart

Concurrent Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2.70

2.36

2.41

4.76

5.43

Concurrent Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															2.41	3.46	4.76	5.34	5.43

Concurrent Technologies Accounts Receivable Calculation

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

Concurrent Technologies 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.43	/	19.517	*	91
=	50.77

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

Concurrent Technologies'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)
=	(11.119	+	0.75 * 5.43	+	0.5 * 11.959	-	12.789
-	0	-	0)	/	85.6377
=	0.10

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.

Concurrent Technologies Accounts Receivable Related Terms

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Concurrent Technologies (LSE:CNC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Concurrent Technologies PLC (LSE:CNC) » Definitions » Accounts Receivable

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FJV:Germany

Address

4 Gilberd Court, Newcomen Way, Colchester, Essex, GBR, CO4 9WN

Website

https://www.gocct.com

Concurrent Technologies PLC is engaged in designing, manufacturing, and supplying innovative high-end embedded computer products aimed at a wide base of customers within the defense, telecommunications, aerospace, transport, scientific, and industrial markets. Its core product range is central processing unit (CPU) boards, designed using Intel processors including the high-performance 11th-generation embedded Intel Core and Intel Xeon processors designed to be compliant with the CompactPCI, OpenVPX, VME, AMC, and XMC open architecture standards. The company's products also support many operating systems including Microsoft Windows, Linux, Solaris, QNX, and VxWorks, all of which are commonly used as standards in embedded applications.