Elastic NV (Elastic NV) Accounts Receivable

: $230 Mil (As of Jan. 2024)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Elastic NV's accounts receivables for the quarter that ended in Jan. 2024 was $230 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Elastic NV's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 63.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Elastic NV's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-1.62.

Elastic NV Accounts Receivable Historical Data

The historical data trend for Elastic NV'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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Elastic NV Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Accounts Receivable

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81.27

128.69

160.42

215.23

260.92

Elastic NV Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															200.79	260.92	185.37	232.25	229.95

Elastic NV Accounts Receivable Calculation

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

Elastic NV 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.

Elastic NV's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	229.946	/	327.957	*	91
=	63.98

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

Elastic NV's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(1015.026	+	0.75 * 229.946	+	0.5 * 0	-	1351.085
-	0	-	0)	/	100.792
=	-1.62

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.

Elastic NV Accounts Receivable Related Terms

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Elastic NV (Elastic NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Elastic NV (NYSE:ESTC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ESTC:Mexico 3E1:Germany 3E1:Germany E2ST34:Brazil

Address

Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED

Website

https://www.elastic.co

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

Executives

Alison Gleeson	director	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Shelley B Leibowitz	director	C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Carolyn Herzog	officer: Chief Legal Officer	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Ken Exner	officer: Chief Product Officer	C/O ELASTIC NV, 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Ashutosh Kulkarni	officer: Chief Executive Officer	6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Shay Banon	director, 10 percent owner, officer: CEO and Chairman	C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Janesh Moorjani	officer: Chief Financial Officer	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Chetan Puttagunta	director	2855 SAND HILL ROAD, MENLO PARK CA 94025
Auvil Paul R. Iii	director	C/O PROOFPOINT, INC., 892 ROSS DRIVE, SUNNYVALE CA 94089
Sohaib Abbasi	director	100 EAST DAVIE STREET, RALEIGH NC 27601
Jonathan Chadwick	director	3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Garrett W.h. Baird	officer: SVP and General Counsel	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Peter H Fenton	director, 10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Paul Andrew Appleby	officer: President, Worldwide Field Ops	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Steven Schuurman	director, 10 percent owner	C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040