MSCI Accounts Receivables 2011-2025 | MSCI

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 MSCI

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
821 M	840 M	663 M	665 M	559 M	499 M	473 M	328 M	222 M	208 M	179 M	169 M	154 M	181 M

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
840 M	154 M	426 M

Quarterly Accounts Receivables MSCI

2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	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
791 M	749 M	821 M	644 M	709 M	746 M	840 M	603 M	613 M	642 M	663 M	525 M	587 M	592 M	665 M	497 M	489 M	507 M	559 M	559 M	559 M	559 M	499 M	499 M	499 M	499 M	473 M	473 M	473 M	473 M	328 M	328 M	328 M	328 M	222 M	222 M	222 M	222 M	208 M	208 M	208 M	208 M	179 M	179 M	179 M	179 M	169 M	169 M	169 M	169 M	154 M	154 M	154 M	154 M	181 M	181 M	181 M	181 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
840 M	154 M	406 M

Accounts Receivables of other stocks in the Financial data industry

Issuer	Accounts Receivables	Price	% 24h	Market Cap	Country
Intercontinental Exchange ICE	1.49 B	$ 162.63	0.42 %	$ 93.2 B	USA
Cboe Global Markets CBOE	445 M	$ 255.96	0.47 %	$ 26.9 B	USA
CME Group CME	573 M	$ 276.38	0.31 %	$ 99.3 B	USA
FactSet Research Systems FDS	271 M	$ 290.09	-0.27 %	$ 11 B	USA
S&P Global SPGI	1.65 B	$ 525.74	0.11 %	$ 127 B	USA
Moody's Corporation MCO	1.8 B	$ 517.28	0.37 %	$ 94 B	USA
Value Line VALU	1.33 M	$ 38.08	-2.42 %	$ 359 M	USA
Morningstar MORN	358 M	$ 218.2	0.39 %	$ 9.34 B	USA
Nasdaq NDAQ	1.02 B	$ 98.64	0.64 %	$ 56.8 B	USA
Jefferies Financial Group JEF	369 M	$ 63.85	0.6 %	$ 13.9 B	USA
B. Riley Financial RILY	88.4 M	$ 4.76	2.81 %	$ 144 M	USA
Siebert Financial Corp. SIEB	241 K	$ 3.76	-1.31 %	$ 139 M	USA
Voya Financial VOYA	361 M	$ 75.54	-0.16 %	$ 7.49 B	USA