CTS (CTS) Accounts Receivable : $78.6 Mil (As of Dec. 2023)

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What is CTS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CTS's accounts receivables for the quarter that ended in Dec. 2023 was $78.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CTS's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 57.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CTS's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $1.25.

CTS Accounts Receivable Historical Data

The historical data trend for CTS'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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CTS Accounts Receivable Chart

CTS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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78.01

80.98

82.19

90.94

78.57

CTS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															90.94	97.71	97.52	89.56	78.57

CTS Accounts Receivable Calculation

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

CTS 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	78.569	/	124.694	*	91
=	57.50

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

CTS'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)
=	(163.876	+	0.75 * 78.569	+	0.5 * 60.031	-	214.345
-	0	-	0)	/	30.8242
=	1.25

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.

CTS Accounts Receivable Related Terms

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CTS (CTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CTS Corp (NYSE:CTS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

XT1:Germany

Address

4925 Indiana Avenue, Lisle, IL, USA, 60532

Website

https://www.ctscorp.com

CTS Corp operates in the electronics industry. The company is a global manufacturer of Sensors, Electronic components, and Actuators. It designs, manufactures, and sells a broad line of sensors, electronic components, and actuators mainly to original equipment manufacturers (OEM) for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. Geographically, it derives a majority of its revenue from the United States and also has a presence in China; Singapore; the Czech Republic; Taiwan and other countries.

Executives

Randy Lee Stone	director	974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805
Kieran M O'sullivan	director, officer: President & CEO	2375 CABOT DRIVE, LISLE IL 60532
Martin Baumeister	officer: Senior Vice President	4925 INDIANA AVENUE, LISLE IL 60532
Michael Edward Murray	officer: Senior Vice President	4925 INDIANA AVENUE, LISLE IL 60532
Ye Jane Li	director	200 FLYNN ROAD, CAMARILLO CA 93012-8790
Ashish Agrawal	officer: CFO	2375 CABOT DRIVE, LISLE IL 60525
Thomas Michael White	officer: Controller and PAO	4925 INDIANA AVENUE, LISLE IL 60532
Scott D'angelo	officer: VP & Secretary	4925 INDIANA AVENUE, LISLE IL 60532
Donna Costello	director	17 STEWART COURT, WESTWOOD NJ 07675
Alfonso G Zulueta	director	4925 INDIANA AVE, LISLE IL 60532
Gordon Hunter	director	25950 ELENA RD, LOS ALTOS HILLS CA 94022
Diana M Murphy	director	C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
William S Johnson	director	C/O CABOT MICROELECTRONICS, 870 N. COMMONS DR, AURORA IL 60504
Luis Francisco Machado	officer: VP, General Counsel & Sec.	1142 W. BEARDSLEY AVENUE, ELKHART IN 46514
Rajeeb K Nath	officer: Vice President	1142 WEST BEARDSLEY AVENUE, ELKHART IN 46514