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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cumberland Pharmaceuticals's accounts receivables for the quarter that ended in Sep. 2024 was $11.31 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Cumberland Pharmaceuticals's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 113.60.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cumberland Pharmaceuticals's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-1.70.
The historical data trend for Cumberland Pharmaceuticals'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.
Cumberland Pharmaceuticals Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 7.86 | 12.38 | 6.88 | 13.16 | 9.76 |
Cumberland Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Accounts Receivable | Get a 7-Day Free Trial | 12.62 | 9.76 | 10.65 | 11.62 | 11.31 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Cumberland Pharmaceuticals's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 11.311 | / | 9.086 | * | 91 |
= | 113.60 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cumberland Pharmaceuticals's accounts receivable are only considered to be worth 75% of book value:
Cumberland Pharmaceuticals's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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) | ||
= | (17.465 | + | 0.75 * 11.311 | + | 0.5 * 4.51 | - | 52.278 |
- | 0 | - | -0.31) | / | 14.0107 | ||
= | -1.70 |
* 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.
Thank you for viewing the detailed overview of Cumberland Pharmaceuticals's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
A J Kazimi | director, 10 percent owner, officer: Chairman and CEO | 1207 17TH AVENUE SUITE 103, NASHVILLE TN 37212 |
Kenneth Krogulski | director | 2525 WEST END AVENUE, SUITE 950, NASHVILLE TN 37203 |
Caroline Young | director | 2525 WEST END AVENUE, SUITE 950, NASHVILLE TN 37203 |
James Jones | director | 2525 WEST END AVE., SUITE 950, NASHVILLE TN 37203 |
Todd M. Anthony | officer: Vice Pres Organizational Dev | 1600 WEST END AVENUE, SUITE 1300, NASHVILLE TN 37203 |
Chris T. Bitterman | officer: Vice Pres Sales & Marketing | 1600 WEST END AVENUE, SUITE 1300, NASHVILLE TN 37203 |
Joseph C Galante | director | 111 TENTH AVENUE, SUITE 200, NASHVILLE TN 37203 |
Brown Martin S Jr | director | 850 DIXIE HIGHWAY, LOUISVILLE KY 40210 |
Martin E Cearnal | director | 31 UPPER MOUNTAIN AVENUE, APARTMENT 2, MONTCLAIR NJ 07042 |
John M. Hamm | officer: Chief Financial Officer | 2525 WEST END AVENUE, SUITE 950, NASHVILLE TN 37203 |
Gordon R Bernard | officer: Senior Vice President | 2525 WEST END AVENUE, SUITE 950, NASHVILLE TN 37203 |
Joey A Jacobs | director | 830 CRESCENT CENTER DRIVE, SUITE 610, FRANKLIN TN 37067 |
Michael Bonner | officer: Chief Financial Officer | 2525 WEST END AVENUE, SUITE 950, NASHVILLE TN 37203 |
Jonathan Griggs | director | 2525 WEST END AVENUE, SUITE 950, NASHVILLE TN 37203 |
Thomas R Lawrence | director | 1880 ELLINGTON WAY, AUBURN AL 36830 |
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