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GOP Properties Socimi (XMAD:YGOP) Accounts Receivable : €1.64 Mil (As of Dec. 2023)


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What is GOP Properties Socimi Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GOP Properties Socimi's accounts receivables for the quarter that ended in Dec. 2023 was €1.64 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GOP Properties Socimi's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 52.79.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GOP Properties Socimi's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-15.89.


GOP Properties Socimi Accounts Receivable Historical Data

The historical data trend for GOP Properties Socimi'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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GOP Properties Socimi Accounts Receivable Chart

GOP Properties Socimi Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 0.22 0.42 0.95 1.08 1.64

GOP Properties Socimi Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.95 0.88 1.08 0.83 1.64

GOP Properties Socimi Accounts Receivable Calculation

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


GOP Properties Socimi 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.

GOP Properties Socimi's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.643/5.68*91
=52.79

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

GOP Properties Socimi'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)
=(0.857+0.75 * 1.643+0.5 * 0.001-96.779
-0-0)/5.95778
=-15.89

* 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.


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.


GOP Properties Socimi Accounts Receivable Related Terms

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GOP Properties Socimi (XMAD:YGOP) Business Description

Traded in Other Exchanges
N/A
Address
Avenida del Ensanche de Vallecas, 44, Madrid, ESP, 28051
GOP Properties Socimi SA is a Real Estate Investment Trust. The purpose of the company is to manage and operate a diversified portfolio of assets. Its assets are located mainly in Madrid. The main strategy of the company is aimed at generating recurring income for the shareholder and the creation of value in the assets of its present and future portfolio.

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