Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aspen Technology's accounts receivables for the quarter that ended in Sep. 2024 was $103 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Aspen Technology's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 43.56.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aspen Technology's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-13.69.
Aspen Technology Accounts Receivable Historical Data
The historical data trend for Aspen Technology'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Aspen Technology 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.
Aspen Technology's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Aspen Technology's accounts receivable are only considered to be worth 75% of book value:
Aspen Technology's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is calculated as:
* 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.
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.
Aspen Technology Accounts Receivable Related Terms
Thank you for viewing the detailed overview of Aspen Technology's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Aspen Technology is a global leader in asset optimization software, enabling customers within capital-intensive industries to design, operate and maintain their functions to meet their profitability, safety, and sustainability goals. The heritage business of AspenTech was founded in 1981 and provides software solutions purposed to optimize engineering, manufacturing, and supply chain and asset management functions. In 2021, Emerson Electric traded over $6 billion in cash and its Open Systems International (digital grid management) and subsurface science and engineering businesses for 55% of AspenTech's shares. The new AspenTech is the combination of heritage Aspen, OSI, and SSE and serves more than 3,000 customers across 40 countries.
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