Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Change In Receivables : $597 Mil (TTM As of Sep. 2023)

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What is Cia Energetica DE Minas Gerais - Cemig Change In Receivables?

Cia Energetica DE Minas Gerais - Cemig's change in receivables for the quarter that ended in Sep. 2023 was $56 Mil. It means Cia Energetica DE Minas Gerais - Cemig's Accounts Receivable declined by $56 Mil from Jun. 2023 to Sep. 2023 .

Cia Energetica DE Minas Gerais - Cemig's change in receivables for the fiscal year that ended in Dec. 2022 was $419 Mil. It means Cia Energetica DE Minas Gerais - Cemig's Accounts Receivable declined by $419 Mil from Dec. 2021 to Dec. 2022 .

Cia Energetica DE Minas Gerais - Cemig's Accounts Receivable for the quarter that ended in Sep. 2023 was $1,011 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. Cia Energetica DE Minas Gerais - Cemig's Days Sales Outstanding for the three months ended in Sep. 2023 was 48.33.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cia Energetica DE Minas Gerais - Cemig's liquidation value for the three months ended in Sep. 2023 was $-4,654 Mil.

Cia Energetica DE Minas Gerais - Cemig Change In Receivables Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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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Cia Energetica DE Minas Gerais - Cemig Change In Receivables Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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67.47

-182.48

-58.12

180.91

419.22

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															91.54	327.72	-	212.63	56.49

Cia Energetica DE Minas Gerais - Cemig 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $597 Mil.

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) 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.

Cia Energetica DE Minas Gerais - Cemig's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1010.995	/	1908.727	*	91
=	48.33

2. In Ben Graham's calculation of liquidation value, Cia Energetica DE Minas Gerais - Cemig's accounts receivable are only considered to be worth 75% of book value:

Cia Energetica DE Minas Gerais - Cemig's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1013.02	-	6424.97	+	0.75 * 1010.995	+	0.5 * 0
=	-4,654

Cia Energetica DE Minas Gerais - Cemig Change In Receivables Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.