Cigniti Technologies (NSE:CIGNITITEC) Change In Receivables : ₹0 Mil (TTM As of Mar. 2024)

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What is Cigniti Technologies Change In Receivables?

Cigniti Technologies's change in receivables for the quarter that ended in Mar. 2024 was ₹0 Mil. It means Cigniti Technologies's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Cigniti Technologies's change in receivables for the fiscal year that ended in Mar. 2024 was ₹-683 Mil. It means Cigniti Technologies's Accounts Receivable increased by ₹683 Mil from Mar. 2023 to Mar. 2024 .

Cigniti Technologies's Accounts Receivable for the quarter that ended in Mar. 2024 was ₹3,186 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. Cigniti Technologies's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cigniti Technologies's liquidation value for the three months ended in Mar. 2024 was ₹4,836 Mil.

Cigniti Technologies Change In Receivables Historical Data

The historical data trend for Cigniti Technologies'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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Cigniti Technologies Change In Receivables Chart

Cigniti Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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-386.92

60.23

-712.92

-263.39

-682.92

Cigniti Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Cigniti Technologies 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 ₹0 Mil.

Cigniti Technologies (NSE:CIGNITITEC) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3186.365	/	4556.41	*	91
=	63.81

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

Cigniti Technologies'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)
=	5124.347	-	2677.997	+	0.75 * 3186.365	+	0.5 * 0
=	4,836

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Cigniti Technologies (NSE:CIGNITITEC) Business Description

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534758:India

Address

MGR Estates, Dwarakapuri Colony, Suite No. 106 and 107, 6-3-456/C, Punjagutta, Hyderabad, TG, IND, 500082

Website

https://www.cigniti.com

Cigniti Technologies Ltd is an India-based company engaged in Independent Software Testing Services. Its test offerings include Quality Engineering, Advisory and Transformation, Next Generation Testing, and Core Testing. The company's services include Agile testing, DevOps QA, Service Virtualization, Test Data Management, mobile testing, digital QA, Big Data and analytics testing, e-commerce testing, energy and utilities, medical device testing and game testing. It also provides functional testing, test automation, performance testing, security testing, enterprise resource planning (ERP) testing, regression testing, and globalization testing amongst others.

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