CompoSecure (CompoSecure) Accounts Receivable : $35.1 Mil (As of Mar. 2024)

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What is CompoSecure Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CompoSecure's accounts receivables for the quarter that ended in Mar. 2024 was $35.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CompoSecure's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 30.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CompoSecure's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-43.62.

CompoSecure Accounts Receivable Historical Data

The historical data trend for CompoSecure'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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CompoSecure Accounts Receivable Chart

CompoSecure Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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19.04

8.79

27.93

37.27

40.49

CompoSecure Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial												39.19	36.53	48.53	40.49	35.11

CompoSecure Accounts Receivable Calculation

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

CompoSecure 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	35.11	/	104.01	*	91
=	30.80

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

CompoSecure's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(55.146	+	0.75 * 35.11	+	0.5 * 55.197	-	410.942
-	0	-	596.587)	/	20.5982
=	-43.62

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.

CompoSecure Accounts Receivable Related Terms

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CompoSecure (CompoSecure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CompoSecure Inc (NAS:CMPO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

309 Pierce Street, Somerset, NJ, USA, 08873

Website

https://www.composecure.com

CompoSecure Inc is engaged in designing and manufacturing premium financial cards. The Company's innovative metal payment card technology and Arculus security and authentication capabilities deliver unique, premium branded experiences which enable people to access and use their assets, and ensure trust at the point of a transaction. Its products include Metal Cards and Arculus, a digital security platform.

Executives

Bleichroeder Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Timothy Walter Fitzsimmons	officer: Chief Financial Officer	C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Roman Dbdr Tech Sponsor Llc	10 percent owner	2877 PARADISE ROAD, #702, LAS VEGAS NV 89109
Doll Dixon R Jr.	10 percent owner, officer: Co-Chief Executive Officer	4555 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Donald G Basile	director, 10 percent owner, officer: See Remarks	4555 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Tikvah Management Llc	10 percent owner	5970 FAIRVIEW ROAD, SUITE 705, CHARLOTTE NC 28210
Paul Galant	director	88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Dixon Doll	director	2420 SAND HILL RD, STE 200, MENLO PARK CA 94025
Amanda Mandy Gourbault	officer: Chief Revenue Officer	C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Jonathan Wilk	director, officer: Chief Executive Officer	C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Steven J. Mclaughlin	10 percent owner	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Gregoire Maes	officer: Chief Operating Officer	C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Ezrah Charitable Trust	10 percent owner	831 E. MOOREHEAD STREET, SUITE 940, CHARLOTTE NC 28202
Adam Joseph Lowe	officer: Chief Innovation Officer	C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Michele Logan	director, 10 percent owner	C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873