Covisint (Covisint) Change In Receivables : $4.71 Mil (TTM As of Mar. 2017)

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What is Covisint Change In Receivables?

Covisint's change in receivables for the quarter that ended in Mar. 2017 was $0.21 Mil. It means Covisint's Accounts Receivable declined by $0.21 Mil from Dec. 2016 to Mar. 2017 .

Covisint's change in receivables for the fiscal year that ended in Mar. 2017 was $4.71 Mil. It means Covisint's Accounts Receivable declined by $4.71 Mil from Mar. 2016 to Mar. 2017 .

Covisint's Accounts Receivable for the quarter that ended in Mar. 2017 was $8.07 Mil.

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 Receivable are being managed. Covisint's Days Sales Outstanding for the three months ended in Mar. 2017 was 38.77.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Covisint's liquidation value for the three months ended in Mar. 2017 was $14.69 Mil.

Covisint Change In Receivables Historical Data

The historical data trend for Covisint's Change In Receivables 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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Covisint Change In Receivables Chart

Covisint Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Change In Receivables

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-4.68

3.62

6.38

2.47

4.71

Covisint Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Change In Receivables	Get a 7-Day Free Trial															-3.21	3.93	-0.37	0.93	0.21

Covisint Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.71 Mil.

Covisint (NAS:COVS) Change In Receivables 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 Receivable are being managed.

Covisint's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.066	/	18.982	*	91
=	38.77

2. In Ben Graham's calculation of liquidation value, Covisint's accounts receivable are only considered to be worth 75% of book value:

Covisint's liquidation value for the quarter that ended in Mar. 2017 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	33.227	-	24.584	+	0.75 * 8.066	+	0.5 * 0
=	14.69

Covisint Change In Receivables Related Terms

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Covisint (Covisint) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Covisint Corp (NAS:COVS) » Definitions » Change In Receivables

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Address

Website

http://www.covisint.com

Covisint Corp incorporated in April 2008 provides a cloud Platform for the development of identity-centric and IoT solutions. It packages and markets the Covisint Cloud Platform as three different offerings namely, The Covisint Identity Platform, The Covisint IoT Platform, and The Covisint Connected Vehicle Platform. The Covisint Platform offers a complete and tightly integrated set of technologies for one purpose- to enable trusted information sharing and secure interactions across people, systems and things. It offer these capabilities via the public cloud, and exposed via APIs, to enable developers to create custom solutions to transform their businesses.

Executives

William O Grabe	director	C/O COMPUWARE CORP, DETROIT MI 48226
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Dr. Homaira Akbari	director	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224

Covisint (Covisint) Headlines

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