Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Change In Receivables : $-20 Mil (TTM As of Mar. 2024)

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What is Compania deneamento de Minas Gerais - COPASA MG Change In Receivables?

Compania deneamento de Minas Gerais - COPASA MG's change in receivables for the quarter that ended in Mar. 2024 was $-17 Mil. It means Compania deneamento de Minas Gerais - COPASA MG's Accounts Receivable increased by $17 Mil from Dec. 2023 to Mar. 2024 .

Compania deneamento de Minas Gerais - COPASA MG's change in receivables for the fiscal year that ended in Dec. 2023 was $-67 Mil. It means Compania deneamento de Minas Gerais - COPASA MG's Accounts Receivable increased by $67 Mil from Dec. 2022 to Dec. 2023 .

Compania deneamento de Minas Gerais - COPASA MG's Accounts Receivable for the quarter that ended in Mar. 2024 was $263 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. Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding for the three months ended in Mar. 2024 was 64.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Compania deneamento de Minas Gerais - COPASA MG's liquidation value for the three months ended in Mar. 2024 was $-918 Mil.

Compania deneamento de Minas Gerais - COPASA MG Change In Receivables Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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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Compania deneamento de Minas Gerais - COPASA MG Change In Receivables Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-47.93

-33.89

-44.50

-37.14

-67.32

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
Change In Receivables	Get a 7-Day Free Trial															-60.51	-16.31	33.97	-21.08	-16.87

Compania deneamento de Minas Gerais - COPASA MG 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 $-20 Mil.

Compania deneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) 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.

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 liquidation value, 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 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)
=	157.42	-	1283.664	+	0.75 * 262.67	+	0.5 * 21.751
=	-918

Compania deneamento de Minas Gerais - COPASA MG Change In Receivables 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 » Change In Receivables

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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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