Confluent (FRA:8QR) Accounts Receivable : €183.9 Mil (As of Mar. 2024)

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What is Confluent Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Confluent's accounts receivables for the quarter that ended in Mar. 2024 was €183.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Confluent's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 83.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Confluent's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €1.34.

Confluent Accounts Receivable Historical Data

The historical data trend for Confluent'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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Confluent Accounts Receivable Chart

Confluent Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

58.56

87.11

93.09

119.78

152.00

Confluent Quarterly Data
	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													107.64	174.18	171.66	152.00	183.86

Confluent Accounts Receivable Calculation

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

Confluent 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	183.855	/	199.858	*	91
=	83.94

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

Confluent'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)
=	(1754.402	+	0.75 * 183.855	+	0.5 * 0	-	1466.859
-	0	-	0)	/	317.263
=	1.34

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.

Confluent Accounts Receivable Related Terms

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Confluent (FRA:8QR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Confluent Inc (FRA:8QR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

CFLT:USA CFLT:Mexico 8QR:Germany

Address

899 West Evelyn Avenue, Mountain View, CA, USA, 94041

Website

https://www.confluent.io

Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. Its products include Confluent Platform; Connectors; ksqlDB and others. The company generates revenue from the sale of subscriptions and services. Geographically, it derives a majority of its revenue from the United States. It provides solutions to Financial Services; Insurance; Retail and eCommerce; Automotive; Government and other sectors.

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