CPI Aerostructures (CPI Aerostructures) Change In Receivables : $0.30 Mil (TTM As of Mar. 2024)

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What is CPI Aerostructures Change In Receivables?

CPI Aerostructures's change in receivables for the quarter that ended in Mar. 2024 was $0.52 Mil. It means CPI Aerostructures's Accounts Receivable declined by $0.52 Mil from Dec. 2023 to Mar. 2024 .

CPI Aerostructures's change in receivables for the fiscal year that ended in Dec. 2023 was $-3.82 Mil. It means CPI Aerostructures's Accounts Receivable increased by $3.82 Mil from Dec. 2022 to Dec. 2023 .

CPI Aerostructures's Accounts Receivable for the quarter that ended in Mar. 2024 was $4.98 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. CPI Aerostructures's Days Sales Outstanding for the three months ended in Mar. 2024 was 23.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CPI Aerostructures's liquidation value for the three months ended in Mar. 2024 was $-40.83 Mil.

CPI Aerostructures Change In Receivables Historical Data

The historical data trend for CPI Aerostructures'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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CPI Aerostructures Change In Receivables Chart

CPI Aerostructures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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4.51

-1.92

-7.71

-3.64

-3.82

CPI Aerostructures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-3.61	-0.14	-0.57	0.49	0.52

CPI Aerostructures 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.30 Mil.

CPI Aerostructures (AMEX:CVU) 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.

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 liquidation value, CPI Aerostructures's accounts receivable are only considered to be worth 75% of book value:

CPI Aerostructures's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.018	-	48.224	+	0.75 * 4.982	+	0.5 * 1.281
=	-40.83

CPI Aerostructures Change In Receivables Related Terms

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CPI Aerostructures (CPI Aerostructures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CPI Aerostructures Inc (AMEX:CVU) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

91 Heartland Boulevard, Edgewood, NY, USA, 11717

Website

https://www.cpiaero.com

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