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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CEVA's accounts receivables for the quarter that ended in Mar. 2024 was $33.64 Mil.
Accounts receivable can be measured by Days Sales Outstanding. CEVA's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 139.05.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CEVA's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $6.14.
The historical data trend for CEVA'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.
CEVA Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 28.31 | 31.22 | 27.45 | 29.83 | 30.31 |
CEVA Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 35.01 | 31.87 | 31.06 | 30.31 | 33.64 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
CEVA's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 33.635 | / | 22.072 | * | 91 |
= | 139.05 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), CEVA's accounts receivable are only considered to be worth 75% of book value:
CEVA's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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) | ||
= | (158.754 | + | 0.75 * 33.635 | + | 0.5 * 0 | - | 39.09 |
- | 0 | - | 0) | / | 23.5815 | ||
= | 6.14 |
* 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.
Thank you for viewing the detailed overview of CEVA's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Amir Panush | officer: Chief Executive Officer | 15245 SHADY GROVE ROAD, SUITE 400, ROCKVILLE MD 20850 |
Gweltaz Toquet | officer: Chief Commercial Officer | C/O CEVA, INC., 15245 SHADY GROVE ROAD, SUITE 400, ROCKVILLE MD 20850 |
Louis Silver | director | C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Michael Boukaya | officer: Chief Operating Officer | 1174 CASTRO STREET, SUITE 210, MOUNTAIN VIEW CA 94040 |
Issachar Ohana | officer: EVP Worldwide Sales | C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Gideon Wertheizer | officer: EVP and GM DSP Cores | C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Yaniv Arieli | officer: Chief Financial Officer | C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Zvi Limon | director | C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Sven Christer Nilsson | director | C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Maria Marced | director | C/O CEVA, INC.,1174 CASTRO STREET, SUITE 210, MOUNTAIN VIEW CA 94040 |
Eliyahu Ayalon | director | C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Jaclyn Liu | director | C/O CEVA, INC., 15245 SHADY GROVE ROAD, SUITE 400, ROCKVILLE MD 20850 |
Peter Mcmanamon | director | C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Bruce Mann | director | C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Bernadette Andrietti | director | C/O CEVA, INC.,1174 CASTRO STREET, SUITE, MOUNTAIN VIEW CA 94040 |
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