Greenvolt - Energias Renovaveis (XLIS:GVOLT) Accounts Receivable : €30.9 Mil (As of Dec. 2023)

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What is Greenvolt - Energias Renovaveis Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Greenvolt - Energias Renovaveis's accounts receivables for the quarter that ended in Dec. 2023 was €30.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Greenvolt - Energias Renovaveis's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Greenvolt - Energias Renovaveis's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-9.49.

Greenvolt - Energias Renovaveis Accounts Receivable Historical Data

The historical data trend for Greenvolt - Energias Renovaveis'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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Greenvolt - Energias Renovaveis Accounts Receivable Chart

Greenvolt - Energias Renovaveis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.02

13.12

23.00

30.90

Greenvolt - Energias Renovaveis Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial											23.00	19.96	31.34	26.59	30.90

Greenvolt - Energias Renovaveis Accounts Receivable Calculation

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

Greenvolt - Energias Renovaveis 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.

Greenvolt - Energias Renovaveis's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	30.901	/	95.588	*	91
=	29.50

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

Greenvolt - Energias Renovaveis'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)
=	(463.517	+	0.75 * 30.901	+	0.5 * 35.539	-	1715.038
-	0	-	110.761)	/	139.169
=	-9.49

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.

Greenvolt - Energias Renovaveis Accounts Receivable Related Terms

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Greenvolt - Energias Renovaveis (XLIS:GVOLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Greenvolt - Energias Renovaveis SA (XLIS:GVOLT) » Definitions » Accounts Receivable

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000:Germany

Address

Rua Manuel Pinto de Azevedo 818, Porto, PRT, PT-4100-320

Website

https://www.greenvolt.pt

Greenvolt - Energias Renovaveis SA is specialized in the production of electricity from renewable energy sources. It has three operating segments. Biomass & Structure has five energy production plants through forest biomass in Portugal, the costs of the corporate structure of Greenvolt, and the plant in Tilbury. The development of Solar & wind energy includes the activities of development, construction, & exploration of photovoltaic & wind energy, with the subsidiaries Greenvolt Power & Sustainable Energy One being the main contributors to the segment. Distributed generation includes the contributions from subsidiaries Greenvolt Next Portugal, Greenvolt Next Portugal II Invest, Perfecta Energía, Greenvolt Comunidades, & Univergy. The key revenue is from the biomass & structure segment.

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