Evertec (Evertec) Accounts Receivable : $141.3 Mil (As of Mar. 2024)

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What is Evertec Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Evertec's accounts receivables for the quarter that ended in Mar. 2024 was $141.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Evertec's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 62.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Evertec's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-16.92.

Evertec Accounts Receivable Historical Data

The historical data trend for Evertec'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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Evertec Accounts Receivable Chart

Evertec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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58.49

58.70

66.26

113.64

128.40

Evertec 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															127.88	109.42	115.78	128.40	141.33

Evertec Accounts Receivable Calculation

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

Evertec 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	141.332	/	205.318	*	91
=	62.81

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

Evertec'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)
=	(293.666	+	0.75 * 141.332	+	0.5 * 0	-	1444.589
-	0	-	44.64)	/	64.409
=	-16.92

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.

Evertec Accounts Receivable Related Terms

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Evertec (Evertec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Evertec Inc (NYSE:EVTC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EVTC:Mexico

Address

Cupey Center Building, Road 176, Kilometer 1.3, San Juan, PRI, 00926

Website

https://www.evertecinc.com

Evertec Inc is a transaction processing business in Latin America and the Caribbean. Its business segments are Merchant Acquiring, Payment Services - Puerto Rico & Caribbean, Payment Services - Latin America, and Business Solutions. The company serves a diversified customer base of financial institutions, merchants, corporations and government agencies with mission-critical technology solutions that enable them to issue, process and accept transactions securely. The company derives revenue based on transaction or discount fees or fees based on the number of accounts on file.

Executives

Diego Viglianco	officer: EVP & Chief Operating Officer	PO BOX 364527, SAN JUAN PR 00936
Paola Perez-surillo	officer: Senior Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Virginia Gambale	director	C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Joaquin A. Castrillo-salgado	officer: Vice President of Finance	PO BOX 364527, SAN JUAN PR 00936-4527
Luis A Rodriguez-gonzalez	officer: General Counsel & Secretary	PO BOX 364527, SAN JUAN PR 00936-4527
Morgan M Schuessler	director, officer: President & CEO	PO BOX 364527, SAN JUAN PR 00936-4527
Popular Inc	10 percent owner	P.O. BOX 362708, SAN JUAN PR 00936-2708
Guillermo Rospigliosi	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Castillo Rodrigo Del	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Kelly Hefner Barrett	director	4630 WYNMEADE PARK, MARIETTA GA 30067
Philip E. Steurer	officer: Chief Operating Officer	PO BOX 364527, SAN JUAN PR 00936-4527
Miguel Vizcarrondo	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Frank D. D'angelo	director	PO BOX 364527, SAN JUAN PR 00936-4527
Carlos J. Ramirez	officer: Executive Vice President	PO BOX 364527, SAN JUAN PR 00936-4527
Ivan Pagan	director	PO BOX 364527, SAN JUAN PR 00936-4527