Bentley Systems (Bentley Systems) Change In Receivables : $-5 Mil (TTM As of Dec. 2023)

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What is Bentley Systems Change In Receivables?

Bentley Systems's change in receivables for the quarter that ended in Dec. 2023 was $-61 Mil. It means Bentley Systems's Accounts Receivable increased by $61 Mil from Sep. 2023 to Dec. 2023 .

Bentley Systems's change in receivables for the fiscal year that ended in Dec. 2023 was $-5 Mil. It means Bentley Systems's Accounts Receivable increased by $5 Mil from Dec. 2022 to Dec. 2023 .

Bentley Systems's Accounts Receivable for the quarter that ended in Dec. 2023 was $294 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. Bentley Systems's Days Sales Outstanding for the three months ended in Dec. 2023 was 86.23.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Bentley Systems's liquidation value for the three months ended in Dec. 2023 was $-2,147 Mil.

Bentley Systems Change In Receivables Historical Data

The historical data trend for Bentley Systems'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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Bentley Systems Change In Receivables Chart

Bentley Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-21.15

12.39

-35.52

-60.94

-5.18

Bentley Systems Quarterly Data
	Dec18	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															-73.49	15.42	33.75	6.89	-61.25

Bentley Systems 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 $-5 Mil.

Bentley Systems (NAS:BSY) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	293.536	/	310.641	*	91
=	86.23

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

Bentley Systems'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)
=	68.412	-	2435.868	+	0.75 * 293.536	+	0.5 * 0
=	-2,147

Bentley Systems Change In Receivables Related Terms

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Bentley Systems (Bentley Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bentley Systems Inc (NAS:BSY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

BS81:Germany

Address

685 Stockton Drive, Exton, PA, USA, 19341

Website

https://www.bentley.com

Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. As of fiscal 2022, approximately 58% of revenue is derived from outside the U.S. (with 28% of revenue coming from EMEA and 18% coming from APAC as of fiscal 2022). Bentley's largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.

Executives

Gregory S Bentley	director, 10 percent owner, officer: Chairman, CEO & President	C/O BENTLEY SYSTEMS INC, 685 STOCKTON RD, EXTON PA 19341
Michael M Campbell	officer: Chief Product Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Kirk B. Griswold	director	11 TROTTER WAY, COLLEGEVILLE PA 19426
Nicholas Cumins	officer: Chief Product Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David R. Shaman	officer: Chief Legal Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Barry J. Bentley	director, 10 percent owner	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David J. Hollister	officer: See Remarks	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Brock Ballard	officer: Chief Revenue Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Brian F. Hughes	director	124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Raymond B. Bentley	director, 10 percent owner, officer: Executive Vice President	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Gus Bergsma	officer: Chief Revenue Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Keith A. Bentley	director, 10 percent owner, officer: Chief Technology Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Richard P. Bentley	10 percent owner	C/O VIDEORAY LLC, 212 EAST HIGH STREET, POTTSTOWN PA 19464
Spt Invest Management Sarl	10 percent owner	21 RUE EDMOND REUTER, CONTERN N4 5326
Andre Werner	officer: Chief Accounting Officer	C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341