Cummins (BSP:C1MI34) Change In Receivables : R$-1,801 Mil (TTM As of Dec. 2023)

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What is Cummins Change In Receivables?

Cummins's change in receivables for the quarter that ended in Dec. 2023 was R$573 Mil. It means Cummins's Accounts Receivable declined by R$573 Mil from Sep. 2023 to Dec. 2023 .

Cummins's change in receivables for the fiscal year that ended in Dec. 2023 was R$-1,617 Mil. It means Cummins's Accounts Receivable increased by R$1,617 Mil from Dec. 2022 to Dec. 2023 .

Cummins's Accounts Receivable for the quarter that ended in Dec. 2023 was R$27,356 Mil.

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 Receivable are being managed. Cummins's Days Sales Outstanding for the three months ended in Dec. 2023 was 59.63.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cummins's liquidation value for the three months ended in Dec. 2023 was R$-60,435 Mil.

Cummins Change In Receivables Historical Data

The historical data trend for Cummins's Change In Receivables 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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Cummins Change In Receivables Chart

Cummins Annual Data

Trend

Dec14

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Dec16

Dec17

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Dec20

Dec21

Dec22

Dec23

Change In Receivables

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800.38

-262.38

-983.95

-3,656.04

-1,616.93

Cummins Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-1,909.33	-3,234.54	-67.95	928.48	573.28

Cummins Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-1,801 Mil.

Cummins (BSP:C1MI34) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	27355.583	/	41858.991	*	91
=	59.63

2. In Ben Graham's calculation of liquidation value, Cummins's accounts receivable are only considered to be worth 75% of book value:

Cummins's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	13430.352	-	108290.48	+	0.75 * 27355.583	+	0.5 * 27816.165
=	-60,435

Cummins Change In Receivables Related Terms

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Cummins (BSP:C1MI34) Business Description

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Address

500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005

Website

https://www.cummins.com

Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.

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