Parx Materials NV (XPAR:MLPRX) Accounts Receivable : €0.54 Mil (As of Dec. 2022)

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What is Parx Materials NV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Parx Materials NV's accounts receivables for the quarter that ended in Dec. 2022 was €0.54 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Parx Materials NV's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 765.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Parx Materials NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was €-0.01.

Parx Materials NV Accounts Receivable Historical Data

The historical data trend for Parx Materials NV'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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Parx Materials NV Accounts Receivable Chart

Parx Materials NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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0.13

0.41

0.01

0.08

0.54

Parx Materials NV Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Accounts Receivable	Get a 7-Day Free Trial			0.13	0.41	0.01	0.08	0.54

Parx Materials NV Accounts Receivable Calculation

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

Parx Materials NV 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.

Parx Materials NV's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.537	/	0.128	*	91
=	765.64

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

Parx Materials NV's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(0.001	+	0.75 * 0.537	+	0.5 * 0.064	-	0.923
-	0	-	-0.038)	/	34.0529
=	-0.01

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.

Parx Materials NV Accounts Receivable Related Terms

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Parx Materials NV (XPAR:MLPRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Parx Materials NV (XPAR:MLPRX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Goudsesingel 96 (Unit 1.7), Rotterdam, NLD, 3011 KD

Website

https://www.parxmaterials.com

Parx Materials NV is a holding company. It is engaged in developing, manufacturing, and marketing biocompatible plastics and antibacterial polymers. The company through its patented process is integrating it in plastics improving the material's characteristics to protect the surface from bacteria, molds, and fungi. Its technology does not impact any of the original features of the material and the antibacterial property lasts a lifetime. The company's technology can be used for roughly any application, for example for toilet seats, mobile phones, light switches, hospital beds, medical devices, remote controls, door handles, refrigerators, and packaging materials.

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