Cass Information Systems (STU:CC3) Change In Receivables : €-3.2 Mil (TTM As of Mar. 2024)

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What is Cass Information Systems Change In Receivables?

Cass Information Systems's change in receivables for the quarter that ended in Mar. 2024 was €-1.5 Mil. It means Cass Information Systems's Accounts Receivable increased by €1.5 Mil from Dec. 2023 to Mar. 2024 .

Cass Information Systems's change in receivables for the fiscal year that ended in Dec. 2023 was €-3.5 Mil. It means Cass Information Systems's Accounts Receivable increased by €3.5 Mil from Dec. 2022 to Dec. 2023 .

Cass Information Systems's Accounts Receivable for the quarter that ended in Mar. 2024 was €30.2 Mil.

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 Receivable are being managed. Cass Information Systems's Days Sales Outstanding for the three months ended in Mar. 2024 was 60.24.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cass Information Systems's liquidation value for the three months ended in Mar. 2024 was €-1,126.7 Mil.

Cass Information Systems Change In Receivables Historical Data

The historical data trend for Cass Information Systems's Change In Receivables 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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Cass Information Systems Change In Receivables Chart

Cass Information Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.89

0.62

-0.53

-2.38

-3.52

Cass Information Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-1.75	-3.29	3.95	-2.39	-1.47

Cass Information Systems Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3.2 Mil.

Cass Information Systems (STU:CC3) Change In Receivables 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 Receivable are being managed.

Cass Information Systems's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	30.228	/	45.791	*	91
=	60.24

2. In Ben Graham's calculation of liquidation value, Cass Information Systems's accounts receivable are only considered to be worth 75% of book value:

Cass Information Systems's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	749.554	-	1898.965	+	0.75 * 30.228	+	0.5 * 0
=	-1,126.7

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Cass Information Systems (STU:CC3) Business Description

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CASS:USA

Address

12444 Powerscourt Drive, Suite 550, St. Louis, MO, USA, 63131

Website

https://www.cassinfo.com

Cass Information Systems Inc is a provider of payment and information processing services to large manufacturing, distribution and retail enterprises across the United States. The company provides transportation invoice rating, payment processing, auditing, accounting, and transportation information. It is also a processor and payer of energy invoices, including electricity, gas, waste, and other facility-related expenses. It operates in two segments: Information Services and Banking Services. The firm generates maximum revenue from the Information Services segment.

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