Cambridge Technology Enterprises (BOM:532801) Accounts Receivable : ₹593 Mil (As of Mar. 2024)

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What is Cambridge Technology Enterprises Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cambridge Technology Enterprises's accounts receivables for the quarter that ended in Mar. 2024 was ₹593 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cambridge Technology Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 94.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cambridge Technology Enterprises's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-27.90.

Cambridge Technology Enterprises Accounts Receivable Historical Data

The historical data trend for Cambridge Technology Enterprises'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.

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Cambridge Technology Enterprises Accounts Receivable Chart

Cambridge Technology Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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303.60

313.09

282.98

551.83

592.78

Cambridge Technology Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															551.83	-	-	-	592.78

Cambridge Technology Enterprises Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Cambridge Technology Enterprises 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.

Cambridge Technology Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	592.782	/	570.699	*	91
=	94.78

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cambridge Technology Enterprises's accounts receivable are only considered to be worth 75% of book value:

Cambridge Technology Enterprises's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(618.538	+	0.75 * 592.782	+	0.5 * 0	-	1600.223
-	0	-	0)	/	19.2508
=	-27.90

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.

Cambridge Technology Enterprises Accounts Receivable Related Terms

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Cambridge Technology Enterprises (BOM:532801) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cambridge Technology Enterprises Ltd (BOM:532801) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CTE:India

Address

Image Gardens Road, Survey No.72, 4th Floor, Unit no. 403B & 404, Capital Park, Plot No. 1-98/4/1-13, 28 & 29, Madhapur, Hyderabad, TG, IND, 500 081

Website

https://www.ctepl.com

Cambridge Technology Enterprises Ltd is a business and technology company. It is engaged in software development and information technology (IT) related activities. The company offers various services, which include AI and data, application services, IOT services, and infrastructure and cloud services. The group derives revenue from India, the USA, Malaysia, and others, of which prime revenue is generated from the USA.

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