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Steel Connect (FRA:CGO) Accounts Receivable : €31.7 Mil (As of Oct. 2024)


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What is Steel Connect Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Steel Connect's accounts receivables for the quarter that ended in Oct. 2024 was €31.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Steel Connect's Days Sales Outstanding for the quarter that ended in Oct. 2024 was 62.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Steel Connect's Net-Net Working Capital per share for the quarter that ended in Oct. 2024 was €-1.97.

Steel Connect Accounts Receivable Historical Data

The historical data trend for Steel Connect'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.

Steel Connect Accounts Receivable Chart

Steel Connect Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.97 30.92 39.40 25.87 30.83

Steel Connect Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 26.49 26.79 29.71 30.83 31.71

Steel Connect Accounts Receivable Calculation

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

Steel Connect 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.

Steel Connect's Days Sales Outstanding for the quarter that ended in Oct. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=31.71/46.347*91
=62.43

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

Steel Connect's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=(214.745+0.75 * 31.71+0.5 * 7.956-75.685
-218.244-0)/26.104
=-1.97

* 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.

Steel Connect Accounts Receivable Related Terms

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Steel Connect Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Steel Connect Inc (FRA:CGO) » Definitions » Accounts Receivable
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Traded in Other Exchanges
STCN:USA
Address
590 Madison Avenue, 32nd Floor, New York, DE, USA, 10022
Website
https://www.steelconnectinc.com
Steel Connect Inc is a diversified holding company. Through its subsidiary, the company provides digital and physical supply chain solutions to many brands across a diverse range of industries, including consumer electronics, telecommunications, computing and storage, software, and others. It also produces and licenses an entitlement management solution powered by its enterprise-class Poetic software, which offers a complete solution for activation, provisioning, entitlement subscription, and data collection from physical goods (connected products) and digital products. The group has an integrated network of facilities throughout North America, Europe, and Asia Pacific. Geographically, it derives key revenue from Mainland China and rest from the United States, Czech, and other regions.