Nasdaq (Nasdaq) Accounts Receivable : $929 Mil (As of Dec. 2023)

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What is Nasdaq Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nasdaq's accounts receivables for the quarter that ended in Dec. 2023 was $929 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nasdaq's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 51.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nasdaq's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-35.02.

Nasdaq Accounts Receivable Historical Data

The historical data trend for Nasdaq'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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Nasdaq Accounts Receivable Chart

Nasdaq Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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422.00

566.00

588.00

677.00

929.00

Nasdaq Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															666.00	597.00	595.00	929.00	925.00

Nasdaq Accounts Receivable Calculation

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

Nasdaq 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	929	/	1647	*	91
=	51.47

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

Nasdaq'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)
=	(641	+	0.75 * 929	+	0.5 * 0	-	21467
-	0	-	11)	/	575.159
=	-35.02

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.

Nasdaq Accounts Receivable Related Terms

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Nasdaq (Nasdaq) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nasdaq Inc (NAS:NDAQ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NDAQ:Mexico NAQ:Germany NAQ:Germany NAQ:Germany N1DA34:Brazil NDAQ:Austria

Address

151 W. 42nd Street, New York, NY, USA, 10036

Website

https://www.nasdaq.com

Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.

Executives

Adenza Parent, Lp	director, 10 percent owner	ONE MARKET PLAZA, SPEAR TOWER, SUITE 2400, SAN FRANCISCO CA 94150
Spaht Paul Holden Jr.	director	600 MONTGOMERY STREET, 20TH FLOOR, SAN FRANCISCO CA 94111
Thoma Bravo Ugp, Llc	director, 10 percent owner	110 N. WACKER DRIVE, 32ND FLOOR, CHICAGO IL 60606
Ann M Dennison	officer: Controller and Prin Acctg Ofcr	ONE LIBERTY PLAZA, NEW YORK NY 10006
Johan Torgeby	director	151 W. 42ND STREET, NEW YORK NY 10036
Jeffery W Yabuki	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Adena T Friedman	officer: Executive Vice President	1801 K STREET, N.W., WASHINGTON DC 20006
Michael R Splinter	director
Steven D Black	director	C/O JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Bryan Everard Smith	officer: Executive Vice President	151 W. 42ND STREET, NEW YORK NY 10036
Michelle Lynn Daly	officer: Controller and Prin Acctg Ofcr	151 W. 42ND STREET, NEW YORK NY 10036
Brendan Brothers	officer: Interim Head of AFC	151 W. 42ND STREET, NEW YORK NY 10036
Jeremy Skule	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK MD 20850
Bradley J Peterson	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK NY 10006
Pc Nelson Griggs	officer: Executive Vice President	ONE LIBERTY PLAZA, NEW YORK NY 10006