Cogent Communications Holdings (Cogent Communications Holdings) Accounts Receivable : $135.5 Mil (As of Dec. 2023)

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What is Cogent Communications Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cogent Communications Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $135.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cogent Communications Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cogent Communications Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-49.90.

Cogent Communications Holdings Accounts Receivable Historical Data

The historical data trend for Cogent Communications Holdings'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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Cogent Communications Holdings Accounts Receivable Chart

Cogent Communications Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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40.48

44.19

41.94

44.12

135.48

Cogent Communications Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															44.12	45.17	89.21	87.17	135.48

Cogent Communications Holdings Accounts Receivable Calculation

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

Cogent Communications Holdings 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.

Cogent Communications Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	135.475	/	272.1	*	91
=	45.43

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

Cogent Communications Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(75.092	+	0.75 * 135.475	+	0.5 * 0	-	2602.063
-	0	-	0)	/	48.6086
=	-49.90

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.

Cogent Communications Holdings Accounts Receivable Related Terms

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Cogent Communications Holdings (Cogent Communications Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogent Communications Holdings Inc (NAS:CCOI) » Definitions » Accounts Receivable

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OGM1:Germany

Address

2450 N Street North West, Washington, DC, USA, 20037

Website

https://www.cogentco.com

Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the U.S.

Executives

John B. Chang	officer: VP & CHIEF LEGAL OFFICER	2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Dave Schaeffer	director, 10 percent owner, officer: Chairman, President & CEO	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Henry W Kilmer	officer: VP of IP Engineering	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
James Bubeck	officer: Chief Revenue Officer	2450 N STREET NW, WASHINGTON DC 20037
Thaddeus Gerard Weed	officer: VP, Controller	COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Lewis H Ferguson	director	8717 BURDETTE ROAD, BETHESDA MD 20817
Sheryl Lynn Kennedy	director	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Blake Bath	director	1010 WISCONSIN AVENUE, SUITE 600, WASHINGTON DC 20007
Marc Montagner	other: director nominee	C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
David Allen Kapp	officer: VP & CHIEF TECHNICAL OFFICER	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Jeffrey S Danielson	officer: VP Infrastructure	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Steven D Brooks	director	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Greg W O'connor	officer: VP, CHIEF OPERATING OFFICER	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Eve N Howard	director	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Sa Paul De	director	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037