Alithya Group (TSX:ALYA) Accounts Receivable : C$88.4 Mil (As of Dec. 2023)

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What is Alithya Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Alithya Group's accounts receivables for the quarter that ended in Dec. 2023 was C$88.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Alithya Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 66.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Alithya Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-1.77.

Alithya Group Accounts Receivable Historical Data

The historical data trend for Alithya Group'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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Alithya Group Accounts Receivable Chart

Alithya Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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66.66

66.26

67.05

98.29

90.01

Alithya Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															92.80	90.01	84.89	91.98	88.38

Alithya Group Accounts Receivable Calculation

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

Alithya Group 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.

Alithya Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	88.383	/	120.498	*	91
=	66.93

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

Alithya Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(10.817	+	0.75 * 88.383	+	0.5 * 0	-	246.289
-	0	-	0)	/	95.5477
=	-1.77

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.

Alithya Group Accounts Receivable Related Terms

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Alithya Group (TSX:ALYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alithya Group Inc (TSX:ALYA) » Definitions » Accounts Receivable

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Traded in Other Exchanges

ALYA:USA 0QZ:Germany

Address

1100 Robert-Bourassa Boulevard, Suite 400, Montreal, QC, CAN, H3B 3A5

Website

https://www.alithya.com

Alithya Group Inc is a leader in Strategy and digital transformation, with professionals in Canada, us, and Europe. Its integrated offering is laid out as follows: Strategy, custom solutions, Microsoft solutions, and Oracle solutions. Clients entrust the company with their strategic projects across Banking, Investment and Insurance, Energy, Manufacturing, Retail and Distribution, Telecommunications, Transportation, Professional Services, Healthcare, and Government sectors. Geographically, it derives a majority of its revenue from Canada. The company's services include digital transformation, enterprise technology, solution development, project management, infrastructure management, and others.

Executives

Ghyslain Rivard	10% Security Holder, Director
Dany Paradis	Senior Officer

Alithya Group (TSX:ALYA) Headlines

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