Saietta Group (LSE:SED) Accounts Receivable : £2.48 Mil (As of Sep. 2023)

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What is Saietta Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Saietta Group's accounts receivables for the quarter that ended in Sep. 2023 was £2.48 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Saietta Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 462.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Saietta Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-0.09.

Saietta Group Accounts Receivable Historical Data

The historical data trend for Saietta 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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Saietta Group Accounts Receivable Chart

Saietta Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

0.02

0.14

0.27

2.42

1.09

Saietta Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial				1.67	2.42	3.40	1.09	2.48

Saietta Group Accounts Receivable Calculation

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

Saietta 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.

Saietta 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
=	2.477	/	0.977	*	91
=	462.69

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

Saietta 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)
=	(0.493	+	0.75 * 2.477	+	0.5 * 1.068	-	11.866
-	0	-	0)	/	102.918
=	-0.09

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.

Saietta Group Accounts Receivable Related Terms

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Saietta Group (LSE:SED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saietta Group PLC (LSE:SED) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/- Fieldfisher, Riverbank House, 2 Swan Lane, London, GBR, EC4R 3TT

Website

https://www.saietta.com

Saietta Group PLC is an engineering company. Its branded AFT (Axial Flux Technology) is modular in design, meaning high and low voltage e-motor solutions can be provided from scooters to large vehicles. It operates in three segments; Lightweight, Heavy-duty and Marine division. It generates maximum revenue from Lightweight segment. AFT has been designed for high automation in volume production meaning AFT cost-effectively delivers class performance. Geographically, the company operates in United Kingdom, European Unions and the rest of the world.

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