Sanlorenzo SpA (CHIX:SLM) Accounts Receivable : €29.3 Mil (As of Mar. 2024)

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What is Sanlorenzo SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sanlorenzo SpA's accounts receivables for the quarter that ended in Mar. 2024 was €29.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sanlorenzo SpA's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 13.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sanlorenzo SpA's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-7.66.

Sanlorenzo SpA Accounts Receivable Historical Data

The historical data trend for Sanlorenzo SpA'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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Sanlorenzo SpA Accounts Receivable Chart

Sanlorenzo SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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20.27

17.23

18.31

21.78

22.52

Sanlorenzo SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															20.41	19.54	29.76	22.52	29.34

Sanlorenzo SpA Accounts Receivable Calculation

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

Sanlorenzo SpA 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.

Sanlorenzo SpA's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	29.342	/	200.261	*	91
=	13.37

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

Sanlorenzo SpA's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(150.907	+	0.75 * 29.342	+	0.5 * 105.858	-	490.741
-	0	-	1.8)	/	34.8047
=	-7.66

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.

Sanlorenzo SpA Accounts Receivable Related Terms

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Sanlorenzo SpA (CHIX:SLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sanlorenzo SpA (CHIX:SLm) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SL:Italy 6SZA:Germany

Address

Via Armezzone, 3, Cantieri Navali di Ameglia, Ameglia, ITA, 19031

Website

http://www.sanlorenzoyacht.com

Sanlorenzo SpA is engaged in developing, designing, and building motor yachts. The company operates in three segments: Yacht, Superyacht, and Blue game, of which the majority of its revenue comes from the Yacht segment that designs, manufactures, and markets composite yachts between 24 and 38 meters long, under the Sanlorenzo brand. Its manufacturing activities are carried out through shipyards located in Spezia, Ameglia, Viareggio, and Massa. The company's geographical segments are Italy, Europe (other countries), United States, the Americas (other countries), Asia Pacific, and the Middle East and Africa.