Cognyte Software (Cognyte Software) Accounts Receivable : $113.3 Mil (As of Jan. 2024)

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What is Cognyte Software Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cognyte Software's accounts receivables for the quarter that ended in Jan. 2024 was $113.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cognyte Software's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 123.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cognyte Software's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-1.44.

Cognyte Software Accounts Receivable Historical Data

The historical data trend for Cognyte Software'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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Cognyte Software Accounts Receivable Chart

Cognyte Software Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Accounts Receivable

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180.44

175.00

179.20

113.20

113.26

Cognyte Software Quarterly Data
	Jan19	Jul19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial														113.20	103.64	97.81	110.57	113.26

Cognyte Software Accounts Receivable Calculation

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

Cognyte Software 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.

Cognyte Software's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	113.26	/	83.691	*	91
=	123.49

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

Cognyte Software's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(74.477	+	0.75 * 113.26	+	0.5 * 24.584	-	257.349
-	0	-	16.858)	/	70.9965
=	-1.44

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.

Cognyte Software Accounts Receivable Related Terms

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Cognyte Software (Cognyte Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cognyte Software Ltd (NAS:CGNT) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

33 Maskit, Herzliya, Pituach, ISR, 4673333

Website

https://www.cognyte.com

Cognyte Software Ltd provides security analytics software that empowers governments and enterprises with Actionable Intelligence. The company's solutions accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent national security, personal safety, business continuity, and cyber threats.