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Coveo Solutions (Coveo Solutions) Accounts Receivable : $32.5 Mil (As of Dec. 2023)


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What is Coveo Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Coveo Solutions's accounts receivables for the quarter that ended in Dec. 2023 was $32.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Coveo Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 93.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Coveo Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.88.


Coveo Solutions Accounts Receivable Historical Data

The historical data trend for Coveo Solutions'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.

* Premium members only.

Coveo Solutions Accounts Receivable Chart

Coveo Solutions Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
- 24.43 18.41 24.62 22.59

Coveo Solutions Quarterly Data
Mar19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.30 22.59 25.46 23.04 32.45

Coveo Solutions Accounts Receivable Calculation

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


Coveo Solutions 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=32.452/31.761*91
=93.24

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

Coveo Solutions'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)
=(163.118+0.75 * 32.452+0.5 * 0-97.472
-0-0)/102.181
=0.88

* 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.


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.


Coveo Solutions Accounts Receivable Related Terms

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Coveo Solutions (Coveo Solutions) Business Description

Traded in Other Exchanges
Address
3175 des Quatre-Bourgeois, Suite 200, Quebec, QC, CAN, G1W 2K7
Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.