Credo Technology Group Holding (Credo Technology Group Holding) Change In Receivables : $0.7 Mil (TTM As of Jan. 2024)

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What is Credo Technology Group Holding Change In Receivables?

Credo Technology Group Holding's change in receivables for the quarter that ended in Jan. 2024 was $-17.9 Mil. It means Credo Technology Group Holding's Accounts Receivable increased by $17.9 Mil from Oct. 2023 to Jan. 2024 .

Credo Technology Group Holding's change in receivables for the fiscal year that ended in Apr. 2023 was $-18.4 Mil. It means Credo Technology Group Holding's Accounts Receivable increased by $18.4 Mil from Apr. 2022 to Apr. 2023 .

Credo Technology Group Holding's Accounts Receivable for the quarter that ended in Jan. 2024 was $44.8 Mil.

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 Receivable are being managed. Credo Technology Group Holding's Days Sales Outstanding for the three months ended in Jan. 2024 was 76.98.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Credo Technology Group Holding's liquidation value for the three months ended in Jan. 2024 was $400.0 Mil.

Credo Technology Group Holding Change In Receivables Historical Data

The historical data trend for Credo Technology Group Holding's Change In Receivables 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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Credo Technology Group Holding Change In Receivables Chart

Credo Technology Group Holding Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Change In Receivables

-10.55

-1.97

-20.55

-18.41

Credo Technology Group Holding Quarterly Data
	Apr20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial										-4.21	4.42	22.97	-8.75	-17.90

Credo Technology Group Holding Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.7 Mil.

Credo Technology Group Holding (NAS:CRDO) Change In Receivables 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 Receivable are being managed.

Credo Technology Group Holding's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	44.76	/	53.058	*	91
=	76.98

2. In Ben Graham's calculation of liquidation value, Credo Technology Group Holding's accounts receivable are only considered to be worth 75% of book value:

Credo Technology Group Holding's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	409.134	-	58.499	+	0.75 * 44.76	+	0.5 * 31.507
=	400.0

Credo Technology Group Holding Change In Receivables Related Terms

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Credo Technology Group Holding (Credo Technology Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Credo Technology Group Holding Ltd (NAS:CRDO) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CRDO:Mexico

Address

Ugland House, PO Box 309, Grand Cayman, CYM, KY1-1104

Website

https://www.credosemi.com

Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.

Executives

William Joseph Brennan	director, officer: Pres & Chief Executive Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Yat Tung Lam	director, officer: Chief Operating Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Chi Fung Cheng	director, 10 percent owner, officer: Chief Technology Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Daniel W. Fleming	officer: Chief Financial Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Lip Bu Tan	director, 10 percent owner	ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Adam Thorngate-gottlund	officer: General Counsel & Secretary	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Pantas Sutardja,	director	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
David Zinsner	director	1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Sylvia Acevedo	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Manpreet Khaira	director	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110