Cumulus Media (Cumulus Media) Accounts Receivable : $182.2 Mil (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Cumulus Media Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cumulus Media's accounts receivables for the quarter that ended in Dec. 2023 was $182.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cumulus Media's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 75.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cumulus Media's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-56.58.

Cumulus Media Accounts Receivable Historical Data

The historical data trend for Cumulus Media'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.

* Premium members only.

Cumulus Media Accounts Receivable Chart

Cumulus Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

245.39

203.26

198.83

212.30

182.20

Cumulus Media 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															212.30	168.42	169.67	176.08	182.20

Cumulus Media Accounts Receivable Calculation

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

Cumulus Media 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	182.201	/	221.301	*	91
=	75.13

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

Cumulus Media'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)
=	(80.66	+	0.75 * 182.201	+	0.5 * 0	-	1153.719
-	0	-	0)	/	16.55
=	-56.58

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.

Cumulus Media Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Cumulus Media's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cumulus Media (Cumulus Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cumulus Media Inc (NAS:CMLS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

1NM:Germany

Address

780 Johnson Ferry Road NE, Suite 500, Atlanta, GA, USA, 30342

Website

https://www.cumulusmedia.com

Cumulus Media Inc is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations.

Executives

Deborah A Farrington	director	STARVEST PARTNERS, L.P., 750 LEXINGTON AVENUE, 15TH FLOOR, NEW YORK NY 10022
David Edward Milner	officer: EVP - Operations	3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Richard Denning	officer: EVP, GEN COUNSEL & SECRETARY	3280 PEACHTREE ROAD NW SUITE 2300, ATLANTA GA 30305
Brigade Capital Management, Lp	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Francisco J Lopez-balboa	officer: EVP and CFO	3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305
Sallie Kimbrough	officer: See Remarks	3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Robert J Walker	officer: EVP - Operations	3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Mary G. Berner	director, officer: PRESIDENT & CEO	C/O CUMULUS MEDIA, INC., 3280 PEACHTREE ROAD, NW, ATLANTA GA 30305
Suzanne M Grimes	officer: EVP Corporate Marketing	200 EAST BASSE ROAD, SAN ANTONIO TX 78209
John Abbot	officer: EVP, TREASURER & CFO
Sp Signal Manager, Llc	10 percent owner	2 GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Nimbus Atlas Llc	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Thomas H Castro	director	C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Matthew Blank	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
David M Baum	director	784 MORRIS TURNPIKE #367, SHORT HILLS NJ 07078