CCC Intelligent Solutions Holdings (FRA:0B1) Accounts Receivable : €93.8 Mil (As of Mar. 2024)

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What is CCC Intelligent Solutions Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CCC Intelligent Solutions Holdings's accounts receivables for the quarter that ended in Mar. 2024 was €93.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CCC Intelligent Solutions Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 40.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CCC Intelligent Solutions Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-1.46.

CCC Intelligent Solutions Holdings Accounts Receivable Historical Data

The historical data trend for CCC Intelligent Solutions Holdings'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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CCC Intelligent Solutions Holdings Accounts Receivable Chart

CCC Intelligent Solutions Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

60.92

69.73

92.85

93.87

CCC Intelligent Solutions Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											86.18	88.74	110.38	93.87	93.85

CCC Intelligent Solutions Holdings Accounts Receivable Calculation

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

CCC Intelligent Solutions Holdings 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.

CCC Intelligent Solutions Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	93.846	/	209.058	*	91
=	40.96

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

CCC Intelligent Solutions Holdings'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)
=	(175.893	+	0.75 * 93.846	+	0.5 * 0	-	1124.631
-	0	-	16.308)	/	614.258
=	-1.46

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.

CCC Intelligent Solutions Holdings Accounts Receivable Related Terms

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CCC Intelligent Solutions Holdings (FRA:0B1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCC Intelligent Solutions Holdings Inc (FRA:0B1) » Definitions » Accounts Receivable

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Traded in Other Exchanges

CCCS:USA

Address

167 North Green Street, 9th Floor, Chicago, IL, USA, 60607

Website

https://www.cccis.com

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

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