Model N Accounts Receivables 2011-2026 | MODN

Accounts receivable — is the amount of money owed to a company by other organizations, individuals, or the government. It arises when a company has already delivered goods, performed work, or provided services, but has not yet received payment for them.

Examples of accounts receivable

Customers have not paid invoices for delivered products
An advance has been paid to a supplier, but goods have not yet been received
Employees have not reported on accountable amounts
The government must refund tax overpayments
Outstanding loans issued

Importance of accounts receivable in company analysis

Asset quality
Accounts receivable are part of current assets. But they are not cash — they are promises. Investors assess how realistic these promises are to be collected. The higher the share of overdue or doubtful receivables, the greater the risk of asset impairment.
Impact on cash flow
Even if a company shows a profit, the money can be "tied up" in receivables. This means profit does not turn into actual cash, and the company may face liquidity shortages.
Assessment of management efficiency
The following accounts receivable turnover ratios are commonly used:
Receivables turnover = Revenue / Average accounts receivable
(the higher — the better)

Days Sales Outstanding (DSO) = 365 / Turnover
(the fewer days — the faster customers pay)

If the DSO is constantly increasing — this is a red flag — customers are delaying payments, and money gets stuck in settlements.

Annual Accounts Receivables Model N

2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
61.8 M	49.1 M	43.2 M	35.8 M	27 M	27.7 M	24.8 M	19.9 M	16.1 M	15.2 M	16.1 M	-	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
61.8 M	15.2 M	30.6 M

Quarterly Accounts Receivables Model N

2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
79.3 M	83.1 M	61.8 M	51.9 M	76 M	66.1 M	49.1 M	38.5 M	47.9 M	49.7 M	43.2 M	42 M	43.2 M	39.8 M	35.8 M	35.8 M	35.8 M	31.1 M	27 M	27 M	27 M	27.6 M	27.7 M	27.7 M	27.7 M	38.7 M	24.8 M	24.8 M	24.8 M	19.3 M	19.9 M	19.9 M	19.9 M	22.2 M	16.1 M	16.1 M	16.1 M	16.7 M	15.2 M	15.2 M	15.2 M	16.7 M	16.1 M	16.1 M	16.1 M	-	12.5 M	12.5 M	-	-	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
83.1 M	12.5 M	32.3 M

Accounts Receivables of other stocks in the Software industry

Issuer	Accounts Receivables	Price	% 24h	Market Cap	Country
Adobe ADBE	2.34 B	$ 254.66	1.11 %	$ 109 B	USA
Agora API	27.8 M	$ 3.85	0.13 %	$ 1.44 B	China
ANSYS ANSS	1.02 B	-	-	$ 32.7 B	USA
Digital Turbine APPS	182 M	$ 3.66	0.97 %	$ 380 M	USA
A10 Networks ATEN	62.1 M	$ 21.22	2.27 %	$ 1.53 B	USA
Powerbridge Technologies Co., Ltd. PBTS	14.3 M	-	2.4 %	$ 115 M	China
Aware AWRE	3.01 M	$ 1.23	-0.35 %	$ 26.1 M	USA
Sapiens International Corporation N.V. SPNS	48.6 M	-	-	$ 2.43 B	Curacao
Avaya Holdings Corp. AVYA	322 M	-	-	$ 3.47 M	USA
Bridgeline Digital BLIN	1 M	$ 0.91	-1.06 %	$ 9.48 M	USA
Aspen Technology AZPN	116 M	-	-	$ 16.8 B	USA
Benefitfocus BNFT	16.5 M	-	-	$ 362 M	USA
Cadence Design Systems CDNS	487 M	$ 295.42	0.92 %	$ 80.1 B	USA
Black Knight BKI	194 M	-	-0.02 %	$ 11.7 B	USA
Check Point Software Technologies Ltd. CHKP	332 M	$ 154.84	1.31 %	$ 17.1 B	Israel
Cheetah Mobile CMCM	170 M	$ 7.25	1.4 %	$ 10.4 B	-
Altair Engineering ALTR	174 M	-	-	$ 9.4 B	USA
Ceridian HCM Holding CDAY	265 M	-	-	$ 10.6 B	USA
Creative Realities CREX	3.01 M	$ 3.65	-2.41 %	$ 30.9 M	USA
Bill.com Holdings BILL	32.3 M	$ 41.49	4.76 %	$ 4.3 B	USA
Bumble BMBL	83.1 M	$ 4.24	9.43 %	$ 467 M	USA
salesforce.com CRM	14.3 B	$ 196.3	-1.03 %	$ 186 B	USA
CleanSpark CLSK	2.62 M	$ 10.0	-0.2 %	$ 2.82 B	USA
JFrog Ltd. FROG	120 M	$ 44.01	2.12 %	$ 5.11 B	USA
Appian Corporation APPN	255 M	$ 25.57	-0.31 %	$ 1.89 B	USA
Viant Technology DSP	177 M	$ 11.9	1.28 %	$ 195 M	USA
Borqs Technologies BRQS	944 K	-	-23.51 %	$ 9.87 M	China
American Software AMSWA	28 M	-	-2.14 %	$ 369 M	USA
8x8 EGHT	49.7 M	$ 2.05	-0.73 %	$ 266 M	USA
CrowdStrike Holdings CRWD	239 M	$ 433.19	2.21 %	$ 109 B	USA
CYREN Ltd. CYRN	799 K	-	-18.15 %	$ 1.77 M	USA
CyberArk Software Ltd. CYBR	93.1 M	-	-	$ 18.1 B	Israel
F5 Networks FFIV	414 M	$ 289.76	2.13 %	$ 16.8 B	USA
Fair Isaac Corporation FICO	566 M	$ 1 229.17	5.82 %	$ 29.8 B	USA
Datadog DDOG	741 M	$ 129.59	2.39 %	$ 45 B	USA
Dynatrace DT	624 M	$ 39.94	1.44 %	$ 11.9 B	USA
ChannelAdvisor Corporation ECOM	28.9 M	-	0.02 %	$ 668 M	USA
Euronet Worldwide EEFT	334 M	$ 72.35	2.2 %	$ 3.03 B	USA
Asure Software ASUR	18.2 M	$ 8.78	0.57 %	$ 229 M	USA
Amesite AMST	6.34 K	$ 1.81	0.56 %	$ 6.38 M	USA
EVO Payments EVOP	20.1 M	-	-	$ 1.77 B	USA
Avalara AVLR	114 M	-	-	$ 8.28 B	USA