Big Yellow Group (LSE:BYG) Accounts Receivable : £5.5 Mil (As of Sep. 2023)

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What is Big Yellow Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Big Yellow Group's accounts receivables for the quarter that ended in Sep. 2023 was £5.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Big Yellow Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 10.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Big Yellow Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-3.03.

Big Yellow Group Accounts Receivable Historical Data

The historical data trend for Big Yellow 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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Big Yellow Group Accounts Receivable Chart

Big Yellow Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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4.53

4.40

3.56

4.76

5.18

Big Yellow Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															4.77	4.76	5.18	5.18	5.47

Big Yellow Group Accounts Receivable Calculation

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

Big Yellow 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.

Big Yellow Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.466	/	99.564	*	91
=	10.02

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

Big Yellow Group'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)
=	(7.069	+	0.75 * 5.466	+	0.5 * 0.483	-	571.367
-	0	-	0)	/	184.555
=	-3.03

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.

Big Yellow Group Accounts Receivable Related Terms

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Big Yellow Group (LSE:BYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Big Yellow Group PLC (LSE:BYG) » Definitions » Accounts Receivable

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BYLOF:USA BYGl:UK B9Y:Germany

Address

Bridge Road, 2 The Deans, Bagshot, London, Surrey, GBR, GU19 5AT

Website

https://www.bigyellow.co.uk

Big Yellow Group PLC is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United Kingdom. The company controls a real estate portfolio of storage properties operated mainly under the Big Yellow brand, with a smaller proportion also run under the lower-frills Armadillo Self Storage brand. Big Yellow's facilities are located across London and the Southeast region of the U.K. The company derives the vast majority of its revenue in the form of self-storage income from its locations in London and the South East. A substantial percentage also comes from sales of packing materials and insurance. Big Yellow's customers include individuals, retailers, professional service companies, hospitality firms, and wholesale merchants.

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