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CDW Holding (SGX:BXE) Accounts Receivable : S$32.9 Mil (As of Dec. 2023)


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What is CDW Holding Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CDW Holding's accounts receivables for the quarter that ended in Dec. 2023 was S$32.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CDW Holding's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 85.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CDW Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$0.07.


CDW Holding Accounts Receivable Historical Data

The historical data trend for CDW Holding'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.

CDW Holding Accounts Receivable Chart

CDW Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.32 47.52 48.65 46.56 32.88

CDW Holding 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.65 32.37 46.56 32.86 32.88

CDW Holding Accounts Receivable Calculation

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


CDW Holding 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=32.88/69.994*91
=85.73

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

CDW Holding'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)
=(36.497+0.75 * 32.88+0.5 * 21.39-56.686
-0--1.656)/225.487
=0.07

* 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.


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.


CDW Holding Accounts Receivable Related Terms

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CDW Holding (SGX:BXE) Business Description

Traded in Other Exchanges
N/A
Address
11 Wo Shing Street, Fo Tan, Shatin, Room 6-10, 11th Floor, CCT Telecom Building, New Territories, Hong Kong, HKG
CDW Holding Ltd is engaged in the production of precision components for mobile communication equipment, game box entertainment equipment, consumer and information technology equipment, office equipment, and electrical appliances. The business company operates in various segments that include Liquid Crystal Display (LCD) backlight units, which manufactures backlight units for LCD; Office Automation, which manufactures and trades parts for office equipment and electrical appliances; LCD Parts and Accessories, which manufacture and trade precision accessories for LCD modules; and Others, which includes general trading, food and beverage business, and management and advisory services. The LCD Backlight Units segment generates maximum revenue for the company.

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