Cerence (Cerence) Change In Receivables : $-2.2 Mil (TTM As of Mar. 2024)

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What is Cerence Change In Receivables?

Cerence's change in receivables for the quarter that ended in Mar. 2024 was $-5.0 Mil. It means Cerence's Accounts Receivable increased by $5.0 Mil from Dec. 2023 to Mar. 2024 .

Cerence's change in receivables for the fiscal year that ended in Sep. 2023 was $-17.0 Mil. It means Cerence's Accounts Receivable increased by $17.0 Mil from Sep. 2022 to Sep. 2023 .

Cerence's Accounts Receivable for the quarter that ended in Mar. 2024 was $66.8 Mil.

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 Receivable are being managed. Cerence's Days Sales Outstanding for the three months ended in Mar. 2024 was 89.85.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cerence's liquidation value for the three months ended in Mar. 2024 was $-365.1 Mil.

Cerence Change In Receivables Historical Data

The historical data trend for Cerence's Change In Receivables 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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Cerence Change In Receivables Chart

Cerence Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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0.90

15.15

5.75

-6.59

-16.96

Cerence Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															1.82	3.89	-6.01	4.93	-5.01

Cerence Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.2 Mil.

Cerence (NAS:CRNC) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	66.787	/	67.825	*	91
=	89.85

2. In Ben Graham's calculation of liquidation value, Cerence's accounts receivable are only considered to be worth 75% of book value:

Cerence's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	108.532	-	523.692	+	0.75 * 66.787	+	0.5 * 0
=	-365.1

Cerence Change In Receivables Related Terms

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Cerence (Cerence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cerence Inc (NAS:CRNC) » Definitions » Change In Receivables

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Traded in Other Exchanges

0S6:Germany

Address

1 Burlington Woods Drive, Suite 301A, Burlington, MA, USA, 01803

Website

https://www.cerence.com

Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, the Middle East, Africa; Japan, and Other Asia-Pacific.

Executives

Stefan Ortmanns	officer: Executive Vice President	WALTER-SCHEIBLER-STR 24, MONSCHAU 2M 52156
Iqbal Arshad	officer: EVP, CTO	CERENCE INC., 1 BURLINGTON WOODS DRIVE, SUITE 301A, BURLINGTON MA 01803
Thomas L Beaudoin	director	NUANCE COMMUNICATIONS, INC., 1 WAYSIDE ROAD, BURLINGTON MA 01803
Marcy S Klevorn	director	ONE AMERICAN ROAD, DEARBORN MI 48126
Prateek Kathpal	officer: EVP & CTO	1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803
Christophe Couvreur	officer: SVP, Core BU	1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803
Douglas Lee Davis	director	1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Marc Montagner	officer: Chief Financial Officer	C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
Sanjay Dhawan	director, officer: Chief Executive Officer	C/O HARMAN INTERNATIONAL INDUSTRIES, INC, 400 ATLANTIC STREET, STAMFORD CT 06901
Leanne Fitzgerald	director, officer: Vice President and Secretary	1 WAYSIDE ROAD, BURLINGTON MA 01803
Mark J Gallenberger	officer: President	LTX-CREDENCE CORPORATION, 825 UNIVERSITY AVENUE, NORWOOD MA 02062
Alfred A Nietzel	director	ONE ADP BOULEVARD, ROSELAND NJ 07068
Kristi Ann Matus	director	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Marianne Budnik	director	C/O ACME PACKET, INC., 100 CROSBY DRIVE, BEDFORD MA 01730
Sanjay K Jha	director	15 WAYSIDE ROAD, BURLINGTON MA 01803