CT Automotive Group (LSE:CTA) Accounts Receivable : £18.2 Mil (As of Jun. 2023)

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What is CT Automotive Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CT Automotive Group's accounts receivables for the quarter that ended in Jun. 2023 was £18.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CT Automotive Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 61.57.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CT Automotive Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £-0.37.

CT Automotive Group Accounts Receivable Historical Data

The historical data trend for CT Automotive Group'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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CT Automotive Group Accounts Receivable Chart

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

16.20

15.90

33.20

19.89

13.27

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial				14.98	19.89	21.87	13.27	18.21

CT Automotive Group Accounts Receivable Calculation

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

CT Automotive Group 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.

CT Automotive Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	18.211	/	53.976	*	91
=	61.57

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

CT Automotive Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(6.013	+	0.75 * 18.211	+	0.5 * 20.01	-	56.965
-	0	-	0)	/	73.5975
=	-0.37

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.

CT Automotive Group Accounts Receivable Related Terms

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CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.