Continental AG (Continental AG) Change In Receivables : $74 Mil (TTM As of Dec. 2023)

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What is Continental AG Change In Receivables?

Continental AG's change in receivables for the quarter that ended in Dec. 2023 was $933 Mil. It means Continental AG's Accounts Receivable declined by $933 Mil from Sep. 2023 to Dec. 2023 .

Continental AG's change in receivables for the fiscal year that ended in Dec. 2023 was $55 Mil. It means Continental AG's Accounts Receivable declined by $55 Mil from Dec. 2022 to Dec. 2023 .

Continental AG's Accounts Receivable for the quarter that ended in Dec. 2023 was $8,393 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. Continental AG's Days Sales Outstanding for the three months ended in Dec. 2023 was 67.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Continental AG's liquidation value for the three months ended in Dec. 2023 was $-13,123 Mil.

Continental AG Change In Receivables Historical Data

The historical data trend for Continental AG'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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Continental AG Change In Receivables Chart

Continental AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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375.33

170.56

35.25

-870.66

55.18

Continental AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															1,088.88	-678.05	136.62	-317.61	932.82

Continental AG 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $74 Mil.

Continental AG (OTCPK:CTTAY) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8393.457	/	11394.002	*	91
=	67.22

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

Continental AG's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2926.281	-	25766.303	+	0.75 * 8393.457	+	0.5 * 6844.602
=	-13,123

Continental AG Change In Receivables Related Terms

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Continental AG (Continental AG) Business Description

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CTTAF:USA CTT:Romania CON:Italy CONd:UK 0LQ1:UK CON:Germany

Address

Vahrenwalder Strasse 9, Hanover, NI, DEU, 30165

Website

https://www.continental.com

Continental is a global auto supplier and tiremaker. Operating segments include the automotive group (electrical architecture and networking, autonomous mobility, safety and motion, smart mobility, and user experience), tires, and ContiTech which uses rubber in industrial and automotive components and systems. Last year, automotive group revenue was around 48% of the total, tire was 35%, ContiTech was 16%, and contract manufacturing for Vitesco was 1%. Top five customers include Ford, Mercedes-Benz, the Renault-Nissan-Mitsubishi alliance, Stellantis, and Volkswagen, representing about 32% of total revenue. Europe, at 47% of total revenue, is the companies largest market, followed by North America at 27%, Asia (mostly China) at 22%, and 4% in other regions.