CCC Intelligent Solutions Holdings (CCC Intelligent Solutions Holdings) Change In Receivables : $-4.0 Mil (TTM As of Dec. 2023)

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What is CCC Intelligent Solutions Holdings Change In Receivables?

CCC Intelligent Solutions Holdings's change in receivables for the quarter that ended in Dec. 2023 was $15.3 Mil. It means CCC Intelligent Solutions Holdings's Accounts Receivable declined by $15.3 Mil from Sep. 2023 to Dec. 2023 .

CCC Intelligent Solutions Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-4.0 Mil. It means CCC Intelligent Solutions Holdings's Accounts Receivable increased by $4.0 Mil from Dec. 2022 to Dec. 2023 .

CCC Intelligent Solutions Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $102.4 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. CCC Intelligent Solutions Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 40.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CCC Intelligent Solutions Holdings's liquidation value for the three months ended in Dec. 2023 was $-979.8 Mil.

CCC Intelligent Solutions Holdings Change In Receivables Historical Data

The historical data trend for CCC Intelligent Solutions Holdings'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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CCC Intelligent Solutions Holdings Change In Receivables Chart

CCC Intelligent Solutions Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-4.49

-10.56

-4.73

-19.84

-4.00

CCC Intelligent Solutions Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial										-0.31	6.08	-3.76	-21.66	15.34

CCC Intelligent Solutions Holdings 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 $-4.0 Mil.

CCC Intelligent Solutions Holdings (NAS:CCCS) 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.

CCC Intelligent Solutions Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	102.365	/	228.601	*	91
=	40.86

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

CCC Intelligent Solutions Holdings'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)
=	195.572	-	1252.179	+	0.75 * 102.365	+	0.5 * 0
=	-979.8

CCC Intelligent Solutions Holdings Change In Receivables Related Terms

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CCC Intelligent Solutions Holdings (CCC Intelligent Solutions Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCC Intelligent Solutions Holdings Inc (NAS:CCCS) » Definitions » Change In Receivables

Comparable Companies

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Traded in Other Exchanges

0B1:Germany

Address

167 North Green Street, 9th Floor, Chicago, IL, USA, 60607

Website

https://www.cccis.com

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

Executives

Lauren Young	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Advent International Corp/ma	director, 10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Eric Wei	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Christopher Egan	director	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Gp, Llc	director, 10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Rodney Christo	officer: Chief Accounting Officer	222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Brian Herb	officer: See Remarks	222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Eileen Schloss	director	C/O MEDIDATA SOLUTIONS, INC., 79 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10003
Marc Fredman	officer: See Remarks	222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Mary Jo Prigge	officer: See Remarks
John Page Goodson	officer: Chief Technology Officer	14 OAK PARK DRIVE, BEDFORD MA 01730
Michael John Silva	officer: See Remarks	222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
William Ingram	director	C/O LEAP WIRELESS INTERNATIONAL, INC., 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Cypress Investor Holdings, Lp	director, 10 percent owner	PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Oh Cypress Aggregator, L.p.	director	ONE STAMFORD PLAZA, 262 TRESSER BOULEVARD, 15TH FLOOR, STAMFORD CT 06901