Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Accounts Receivable : $263 Mil (As of Mar. 2024)

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What is Compania deneamento de Minas Gerais - COPASA MG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Compania deneamento de Minas Gerais - COPASA MG's accounts receivables for the quarter that ended in Mar. 2024 was $263 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 64.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Compania deneamento de Minas Gerais - COPASA MG's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-21.80.

Compania deneamento de Minas Gerais - COPASA MG Accounts Receivable Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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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Compania deneamento de Minas Gerais - COPASA MG Accounts Receivable Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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289.32

203.21

176.92

200.48

261.44

Compania deneamento de Minas Gerais - COPASA MG 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															235.59	248.78	252.60	261.44	262.67

Compania deneamento de Minas Gerais - COPASA MG Accounts Receivable Calculation

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

Compania deneamento de Minas Gerais - COPASA MG 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.

Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	262.67	/	373.976	*	91
=	64.09

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Compania deneamento de Minas Gerais - COPASA MG's accounts receivable are only considered to be worth 75% of book value:

Compania deneamento de Minas Gerais - COPASA MG'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)
=	(157.42	+	0.75 * 262.67	+	0.5 * 21.751	-	1283.664
-	0	-	0)	/	42.1313
=	-21.80

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.

Compania deneamento de Minas Gerais - COPASA MG Accounts Receivable Related Terms

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Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CSMG3:Brazil

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

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