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CPI Aerostructures (CPI Aerostructures) Accounts Receivable : $4.98 Mil (As of Mar. 2024)


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What is CPI Aerostructures Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CPI Aerostructures's accounts receivables for the quarter that ended in Mar. 2024 was $4.98 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CPI Aerostructures's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 23.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CPI Aerostructures's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.19.


CPI Aerostructures Accounts Receivable Historical Data

The historical data trend for CPI Aerostructures'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.

* Premium members only.

CPI Aerostructures Accounts Receivable Chart

CPI Aerostructures Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.03 4.96 4.97 4.86 4.35

CPI Aerostructures 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.48 8.62 9.12 4.35 4.98

CPI Aerostructures Accounts Receivable Calculation

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


CPI Aerostructures 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.982/19.081*91
=23.83

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

CPI Aerostructures'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)
=(3.018+0.75 * 4.982+0.5 * 1.281-48.224
-0-0)/12.7848
=-3.19

* 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.


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.


CPI Aerostructures Accounts Receivable Related Terms

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CPI Aerostructures (CPI Aerostructures) Business Description

Traded in Other Exchanges
N/A
Address
91 Heartland Boulevard, Edgewood, NY, USA, 11717
CPI Aerostructures Inc is engaged in the manufacturing of structural aircraft parts for fixed-wing aircraft and helicopters in both the commercial and defense markets in the United States. It also provides engineering, program management, supply chain management and kitting, and Maintenance Repair and Overhaul (MRO) services. CPI also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. CPI Aero supplies the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, the UH-60 BLACK HAWK helicopter, and the S-92 helicopter among others.
Executives
Pamela Levesque director 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Richard C Rosenjack director C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Paul Packer 10 percent owner C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Richard S Caswell director C/O CPI AEROSTRUCTURES, INC., 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Terry Dean Stinson director C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Dorith Hakim director, officer: CEO and President C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE - 11TH FLOOR, NEW YORK NY 10174
Bond E Carey director 3210 CYPRESS MARSH DRIVE, FORT MYERS FL 33905
Michael Faber director 701 PENNSYLVANIA AVENUE NW, SUITE 900, WASHINGTON DC DC 20004
Walter Paulick director 30 TERRY PL, RIVERHEAD NY 11901
Eric Rosenfeld director 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Andrew L Davis officer: Chief Financial Officer C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601
Thomas E Powers officer: Acting Chief Financial Officer C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Dan Azmon officer: Chief Financial Officer 600 THIRD AVENUE, NEW YORK NY 10016
Janet Katherine Cooper director 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Awm Investment Company, Inc. 10 percent owner 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022

CPI Aerostructures (CPI Aerostructures) Headlines

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