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C-Comtellite Systems (C-Comtellite Systems) Accounts Receivable : $0.96 Mil (As of Feb. 2024)


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What is C-Comtellite Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. C-Comtellite Systems's accounts receivables for the quarter that ended in Feb. 2024 was $0.96 Mil.

Accounts receivable can be measured by Days Sales Outstanding. C-Comtellite Systems's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 44.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. C-Comtellite Systems's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $0.36.


C-Comtellite Systems Accounts Receivable Historical Data

The historical data trend for C-Comtellite Systems'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.

* Premium members only.

C-Comtellite Systems Accounts Receivable Chart

C-Comtellite Systems Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.24 0.70 0.53 1.07

C-Comtellite Systems Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.78 0.54 1.07 0.96

C-Comtellite Systems Accounts Receivable Calculation

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


C-Comtellite Systems 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.

C-Comtellite Systems's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.958/1.947*91
=44.90

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

C-Comtellite Systems's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=(12.327+0.75 * 0.958+0.5 * 6.425-1.099
-0-0)/42.1864
=0.36

* 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.


C-Comtellite Systems Accounts Receivable Related Terms

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C-Comtellite Systems (C-Comtellite Systems) Business Description

Traded in Other Exchanges
Address
2574 Sheffield Road, Ottawa, ON, CAN, K1B 3V7
C-Com Satellite Systems Inc. is a Canadian based company. It is engaged in the designing, development, and manufacturing of mobile satellite-based antenna systems. The product portfolio comprises Driveaway antennas, Flyaway antennas, Fixed motorized antennas and others Geographically, the group has a business presence in Canada, Singapore, Europe, Asia, the US and other countries.

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