Civitas Solutions (Civitas Solutions) Accounts Receivable : $173 Mil (As of Dec. 2018)

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What is Civitas Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Civitas Solutions's accounts receivables for the quarter that ended in Dec. 2018 was $173 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Civitas Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2018 was 38.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Civitas Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $-21.77.

Civitas Solutions Accounts Receivable Historical Data

The historical data trend for Civitas 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.

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Civitas Solutions Accounts Receivable Chart

Civitas Solutions Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Accounts Receivable

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141.38

145.40

155.77

172.85

186.31

Civitas Solutions Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Accounts Receivable	Get a 7-Day Free Trial															170.70	184.03	174.54	186.31	173.38

Civitas Solutions Accounts Receivable Calculation

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

Civitas 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.

Civitas Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	173.38	/	406.631	*	91
=	38.91

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

Civitas Solutions's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 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)
=	(6.805	+	0.75 * 173.38	+	0.5 * 0	-	926.657
-	0	-	0)	/	36.2805
=	-21.77

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.

Civitas Solutions Accounts Receivable Related Terms

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Civitas Solutions (Civitas Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Civitas Solutions Inc (NYSE:CIVI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

313 Congress Street, 6th Floor, Boston, MA, USA, 02210

Website

http://www.civitas-solutions.com

Civitas Solutions Inc provides health services to people with intellectual, developmental, physical, or behavioral disabilities and other special needs. Its revenue is generated exclusively in the United States. Civitas operates in two segments: human services and post-acute specialty rehabilitation services, or SRS. The human services segment contributes the vast majority of revenue and provides services to people with disabilities, at-risk youth, and the elderly. Its programs for people with intellectual or developmental disabilities provide residential support, case management, and vocational services. The SRS segment provides rehabilitation and transitional living services to people who have experienced brain or spinal injuries or other severe illnesses or injuries.

Executives

Daniel S Oconnell	10 percent owner	C/O VESTAR CAPITAL PARTNERS, 245 PARK AVE 41ST FL, NEW YORK NY 10167
Vestar Managers V Ltd.	10 percent owner	245 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10167
Vestar Associates V, L.p.	10 percent owner	245 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10167
Greg Roth	director	ONE PARK PLAZA, NASHVILLE TN 37203
Pamela F Lenehan	director	C/O AVID TECHNOLOGY, INC., ONE PARK WEST, TEWKSBURY MA 01876
Patrick M. Gray	director	C/O CIVITAS SOLUTIONS, INC. 313 CONGRESS STREET, 6TH FLOOR BOSTON MA 02210
Guy P Sansone	director	C/O MEDNAX, 1301 CONCORD TERRACE, SUNRISE FL 33323
Mary Ann Tocio	director	C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Vestar Capital Partners V L P	10 percent owner	245 PARK AVE 41ST FL, NEW YORK NY 10167
Robert L. Rosner	director	C/O TRITON INTERNATIONAL LIMITED, 100 MANHATTANVILLE ROAD, PURCHASE NY 10577
Edward M Murphy	director, officer: Executive Chair	C/O CIVITAS SOLUTIONS, INC. 313 CONGRESS STREET, 6TH FLOOR BOSTON MA 02210
Kevin A Mundt	director	C/O VESTAR CAPITAL PARTNERS, 245 PARK AVENUE, 41ST FL, NEW YORK NY 10167