Freightos (Freightos) Accounts Receivable : $2.04 Mil (As of Mar. 2024)

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What is Freightos Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Freightos's accounts receivables for the quarter that ended in Mar. 2024 was $2.04 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Freightos's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 34.74.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Freightos's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.73.

Freightos Accounts Receivable Historical Data

The historical data trend for Freightos'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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Freightos Accounts Receivable Chart

Freightos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.02

1.67

1.94

1.88

Freightos Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial							2.39	2.18	2.26	1.88	2.04

Freightos Accounts Receivable Calculation

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

Freightos 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.039	/	5.355	*	91
=	34.74

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

Freightos'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)
=	(49.813	+	0.75 * 2.039	+	0.5 * 0	-	16.402
-	0	-	0)	/	47.9853
=	0.73

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.

Freightos Accounts Receivable Related Terms

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Freightos (Freightos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightos Ltd (NAS:CRGO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Derech Agudat Sport HaPo’el, Technology Park Building 2, Jerusalem, ISR, 9695102

Website

https://www.freightos.com

Freightos Ltd operates as a vendor-neutral booking and payment platform for international freight. Its platform supports supply chain efficiency and agility by enabling real-time procurement of ocean and air shipping across more than ten thousand importers/exporters. forwarders, and dozens of airlines and ocean carriers. WebCargo by Freightos is a freight platform connecting carriers and forwarders in particular an air cargo eBooking platform. Freightos.com is a digital international freight marketplace for importers and exporters for instant pricing, booking, and shipment management. The company operates in two segments-Platform segment and Solutions segment. Geographically, the company operates in Europe, Hong Kong, United States which is majority revenue generator and others.