Elvictor Group (Elvictor Group) Accounts Receivable : $0.37 Mil (As of Dec. 2023)

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What is Elvictor Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Elvictor Group's accounts receivables for the quarter that ended in Dec. 2023 was $0.37 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Elvictor Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 58.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Elvictor Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.00.

Elvictor Group Accounts Receivable Historical Data

The historical data trend for Elvictor Group'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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Elvictor Group Accounts Receivable Chart

Elvictor Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.26

0.43

0.33

0.37

Elvictor Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															0.33	0.58	0.44	0.40	0.37

Elvictor Group Accounts Receivable Calculation

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

Elvictor Group 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.

Elvictor Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.37	/	0.576	*	91
=	58.62

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

Elvictor Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.699	+	0.75 * 0.37	+	0.5 * 0	-	1.858
-	0	-	0)	/	414.449
=	-0.00

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.

Elvictor Group Accounts Receivable Related Terms

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Elvictor Group (Elvictor Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Elvictor Group Inc (OTCPK:ELVG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vassileos Constantinou 79, Vari, Athens, GRC, 16672

Website

https://www.elvictorgroup.com

Elvictor Group Inc is engaged in the business of providing shipping crew management services. It provides crew management, crew manning, and crew training and development services.

Executives

Stavros Galanakis	director, 10 percent owner, officer: CHAIRMAN & VICE PRESIDENT	78 PAPAFOTI STR, VARI-VARKIZA J3 16672
Christodoulos Tzoutzakis	officer: CHIEF OPERATING OFFICER	24 THEMISTOKLEOUS STR., VOULA ATTIKIS J3 16673
Panagiotis Tolis	director, 10 percent owner, officer: CIRO	PERICLEOUS 50 STREET, ATHENS J3 15232
Panagiotis Nikolaos Lazaretos	10 percent owner	103M1 MARKOU BOTSARI STR, KIFISSIA, ATTICA J3 14561
Konstantinos Galanakis	director, 10 percent owner, officer: CEO	38 MOUTOUSI K STREET, VARI-VARKIZA J3 16672
Eleftherios Kontos	10 percent owner	THOUKIDIDOY 15, VOLOS J3 38333

Elvictor Group (Elvictor Group) Headlines

From GuruFocus

Elvictor Group Inc. Engages US-Based Investor Relations Advisory Firm

By PRNewswire PRNewswire • 11-29-2021