SKAN Group AG (LTS:0SKN) Accounts Receivable : CHF26.5 Mil (As of Dec. 2023)

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What is SKAN Group AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SKAN Group AG's accounts receivables for the quarter that ended in Dec. 2023 was CHF26.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SKAN Group AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 26.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SKAN Group AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was CHF-1.79.

SKAN Group AG Accounts Receivable Historical Data

The historical data trend for SKAN Group AG'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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SKAN Group AG Accounts Receivable Chart

SKAN Group AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

20.00

23.30

26.04

26.47

SKAN Group AG Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			23.30	28.17	26.04	31.81	26.47

SKAN Group AG Accounts Receivable Calculation

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

SKAN Group AG 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.474	/	180.282	*	91
=	26.80

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

SKAN Group AG'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)
=	(85.122	+	0.75 * 26.474	+	0.5 * 117.989	-	197.088
-	0	-	7.129)	/	22.4835
=	-1.79

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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SKAN Group AG (LTS:0SKN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SKAN Group AG (LTS:0SKN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

SKANz:UK SKAN:Switzerland

Address

Kreuzstrasse 5, Allschwil, CHE, 4123

Website

https://www.skan.com

SKAN Group AG is a global market and technological company for isolators, cleanroom devices, and decontamination processes for the aseptic production of biopharmaceutical substances. Its core competency is the design and development of process isolators for the aseptic filling of biopharmaceutical products. The company offer its customers process support, services, and consumables. Its products include biological indicators, isolators, Laboratory/cleanroom equipment, laminar flow, safety workbench, and transfer system.

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