Cadre Holdings (Cadre Holdings) Accounts Receivable : $58.4 Mil (As of Dec. 2023)

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What is Cadre Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cadre Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $58.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cadre Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cadre Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.65.

Cadre Holdings Accounts Receivable Historical Data

The historical data trend for Cadre Holdings'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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Cadre Holdings Accounts Receivable Chart

Cadre Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

55.57

43.65

48.34

64.56

58.36

Cadre Holdings Quarterly Data
	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												64.56	55.70	57.36	61.26	58.36

Cadre Holdings Accounts Receivable Calculation

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

Cadre Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	58.36	/	124.583	*	91
=	42.75

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

Cadre Holdings'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)
=	(87.691	+	0.75 * 58.36	+	0.5 * 80.976	-	234.017
-	0	-	0)	/	37.5874
=	-1.65

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.

Cadre Holdings Accounts Receivable Related Terms

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Cadre Holdings (Cadre Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cadre Holdings Inc (NYSE:CDRE) » Definitions » Accounts Receivable

Comparable Companies

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Traded in Other Exchanges

N/A

Address

13386 International Parkway, Jacksonville, FL, USA, 32218

Website

https://www.cadre-holdings.com

Cadre Holdings Inc is engaged in the design and manufacture of a diversified product portfolio of critical safety and survivability equipment to protect first responders, federal agencies, outdoor recreation, and personal protection markets. The Company's equipment provides critical protection to allow its users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. Its operations are comprised of two reportable segments: Products and Distribution.

Executives

Blaine Browers	officer: CHIEF FINANCIAL OFFICER	13386 INTERNATIONAL PARKWAY, JACKSONVILLE FL 32218
Warren B Kanders	director, 10 percent owner, officer: CEO AND CHAIRMAN	ONE LANDMARK SQUARE, 22ND FLOOR, STAMFORD, CT 06901
Nicolas Sokolow	director	100 BLVD MALESHERBES, PARIS I0 00000
Brad Williams	officer: PRESIDENT	13386 INTERNATIONAL PARKWAY, JACKSONVILLE FL 32218
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
Quigley William G Iii	director
Hamish Norton	director	13386 INTERNATIONAL PARKWAY, JACKSONVILLE FL 32218
Maui Holdings, Llc	10 percent owner	340 ROYAL POINCIANA WAY, SUITE 317-250, PALM BEACH FL 33480