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Cosan (CSAN) Accounts Receivable : $725 Mil (As of Sep. 2023)


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What is Cosan Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cosan's accounts receivables for the quarter that ended in Sep. 2023 was $725 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cosan's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 31.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cosan's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-41.65.


Cosan Accounts Receivable Historical Data

The historical data trend for Cosan'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.

Cosan Accounts Receivable Chart

Cosan Annual Data
Trend Mar13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 290.55 341.21 390.14 456.38 718.71

Cosan Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 791.56 718.71 730.76 748.34 724.92

Cosan Accounts Receivable Calculation

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


Cosan 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=724.915/2076.168*91
=31.86

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

Cosan's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(3990.804+0.75 * 724.915+0.5 * 378.638-18262.091
-0-5908.786)/466.875
=-41.65

* 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.


Cosan Accounts Receivable Related Terms

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Cosan (CSAN) Business Description

Industry
Traded in Other Exchanges
Address
Avenue Brigadeiro Faria Lima, 4100 / 15th Floor Itaim Bibi, Sao Paulo, SP, BRA, 04538-132
Cosan SA engages in several services throughout the energy and logistics sectors. Cosan SA and Cosan Logistica account for the many segments that constitute Cosan's operations. Cosan SA delivers over half of the group's revenue. It is diversified across the energy sector with companies specializing in fuel distribution, sugar and ethanol production, power generation, natural gas distribution, lubricants, and land management. The majority of the revenue is generated from the distribution of fuels in Brazil.

Cosan (CSAN) Headlines

From GuruFocus

Notice to the Market

By PRNewswire PRNewswire 12-02-2020

Cosan SA Stock Is Estimated To Be Modestly Undervalued

By GF Value GF Value 05-20-2021