Cenit AG (FRA:CSH) Change In Receivables : €0.0 Mil (TTM As of Dec. 2023)

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What is Cenit AG Change In Receivables?

Cenit AG's change in receivables for the quarter that ended in Dec. 2023 was €0.0 Mil. It means Cenit AG's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Cenit AG's change in receivables for the fiscal year that ended in Dec. 2023 was €-10.6 Mil. It means Cenit AG's Accounts Receivable increased by €10.6 Mil from Dec. 2022 to Dec. 2023 .

Cenit AG's Accounts Receivable for the quarter that ended in Dec. 2023 was €35.4 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. Cenit AG's Days Sales Outstanding for the three months ended in Dec. 2023 was 62.88.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cenit AG's liquidation value for the three months ended in Dec. 2023 was €-57.7 Mil.

Cenit AG Change In Receivables Historical Data

The historical data trend for Cenit AG'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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Cenit AG Change In Receivables Chart

Cenit AG Annual Data

Trend

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Dec23

Change In Receivables

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3.00

8.96

-11.37

-0.08

-10.62

Cenit AG 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															-	-	-	-	-

Cenit AG 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 €0.0 Mil.

Cenit AG (FRA:CSH) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	35.428	/	51.415	*	91
=	62.88

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

Cenit AG'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)
=	24.341	-	108.612	+	0.75 * 35.428	+	0.5 * 0.07
=	-57.7

Cenit AG Change In Receivables Related Terms

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Cenit AG (FRA:CSH) Business Description

Industry

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Traded in Other Exchanges

CSH:Germany

Address

Industriestrasse 52-54, Stuttgart, DEU, 70565

Website

https://www.cenit.com

Cenit AG is a software and information technology consulting company. It offers Product Lifecycle Management and Enterprise Information Management. The PLM (Product Lifestyle Management) segment focuses on the automotive, aerospace, mechanical engineering, and shipbuilding industries. The Enterprise Information Management focuses on products of the strategic software. The focus of the CENIT Group is on business process optimization and computer-aided design and development technologies. The company's revenue is generated from its Germany segment.

Executives

Peter Schneck

Board of Directors