Ebix (EBIXQ) Accounts Receivable

: $156.3 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ebix's accounts receivables for the quarter that ended in Sep. 2023 was $156.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ebix's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 119.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ebix's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-24.11.

Ebix Accounts Receivable Historical Data

The historical data trend for Ebix'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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Ebix Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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147.69

153.57

142.85

153.61

154.53

Ebix 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															156.11	154.53	160.71	163.17	156.30

Ebix Accounts Receivable Calculation

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

Ebix 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	156.302	/	119.228	*	91
=	119.62

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

Ebix'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)
=	(88.688	+	0.75 * 156.302	+	0.5 * 0	-	910.447
-	0	-	40.459)	/	30.8993
=	-24.11

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.

Ebix Accounts Receivable Related Terms

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Ebix (EBIXQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ebix Inc (OTCPK:EBIXQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EWZ:Germany

Address

1 Ebix Way, Johns Creek, GA, USA, 30097

Website

https://www.ebix.com

Ebix Inc is a provider of enterprise cloud e-commerce solutions for the insurance, finance, and healthcare industries. The company derives its revenues primarily from its financial transaction fees, software subscription, and transaction fees, software license fees, risk compliance solutions services fees, and professional service fees, including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. These exchanges connect multiple entities within the insurance and healthcare markets, enabling participants to carry and process data from one entity to another. Ebix generates the majority of its revenue from India.

Executives

Elizabeth A. Lapuma	director	520 LAKE COOK ROAD, SUITE 315, DEERFIELD IL 60015
Jill M Krueger	director
Priyanka Kaul	director	1 EBIX WAY, JOHNS CREEK GA 30097
Senge James Scott Sr	officer: Senior Vice President	1629 SEEGAR ROAD, PITTSBURGH PA 15241
Neil D Eckert	director	62 BISHOPSGATE, LONDON X0 EC2N 4AW
Steven M Hamil	officer: Chief Financial Officer	1 EBIX WAY, JOHNS CREEK GA 30097
Robin Raina	director, officer: Chairman & CEO	5 CONCOURSE PARKWAY S 3200, ATLANTA GA 30328
Pavan Bhalla	director	1109 BRECKENRIDGE LANE, ALPHARETTA GA 30005
Hans Ueli Keller	director	BOHLSTRASSE 25, 6300, ZUG V8 6300
Rolf Herter	director	STOCKERSTRASSE 38, ZURICH V8 CH-8002
Hans U Benz	director	AGERISTRASSE 24, ZUG V8 CH-6300
George Hebard	director	C/O ICAHN CAPITAL LP, 767 FIFTH AVE., SUITE 4700, NEW YORK NY 10153
Robert F Kerris	officer: Chief Financial Officer	2840 TALIMORE COURT, MARIETTA GA 30066
Fondation Rennes	10 percent owner	RATIKONSTRASSE 13, VADUZ, PRINCIPALITY OF LIECHTENSTEIN N2 FL-9490
D'apice Leon Royden Thomas	officer: See Remarks	1 URALBA PLACE, WAHROONGA NSW C3 2076