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Athens International Airport (ATH:AIA) Accounts Receivable : €48.05 Mil (As of Sep. 2023)


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What is Athens International Airport Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Athens International Airport's accounts receivables for the quarter that ended in Sep. 2023 was €48.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Athens International Airport's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €-3.71.

Athens International Airport Accounts Receivable Historical Data

The historical data trend for Athens International Airport'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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Athens International Airport Accounts Receivable Chart

Athens International Airport Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Accounts Receivable
27.11 18.39 37.34 27.22

Athens International Airport Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Sep23
Accounts Receivable Get a 7-Day Free Trial 18.39 37.34 - 27.22 48.05

Athens International Airport Accounts Receivable Calculation

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

Athens International Airport 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.

Athens International Airport's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=48.047/0*91
=

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

Athens International Airport's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(579.407+0.75 * 48.047+0.5 * 5.499-1732.38
-0-0)/300
=-3.71

* 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.

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.

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Athens International Airport (ATH:AIA) Business Description

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Athens International Airport SA is a company active in the financing, construction and operation of civil airports and related activities. As a civil airport operator, the Company manages the AIA at Spata, Greece.