Argo Properties NV (XTAE:ARGO) Accounts Receivable : ₪11.1 Mil (As of Sep. 2023)

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What is Argo Properties NV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Argo Properties NV's accounts receivables for the quarter that ended in Sep. 2023 was ₪11.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Argo Properties NV's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 34.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Argo Properties NV's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₪-73.44.

Argo Properties NV Accounts Receivable Historical Data

The historical data trend for Argo Properties 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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Argo Properties NV Accounts Receivable Chart

Argo Properties NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

0.59

1.46

-2.20

1.20

Argo Properties NV Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial											26.58	1.20	39.04	36.36	11.12

Argo Properties NV Accounts Receivable Calculation

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

Argo Properties 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.

Argo Properties NV's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.12	/	29.658	*	91
=	34.21

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

Argo Properties NV'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)
=	(148.193	+	0.75 * 11.12	+	0.5 * 0	-	1503.501
-	0	-	0)	/	18.342
=	-73.44

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.

Argo Properties NV Accounts Receivable Related Terms

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Argo Properties NV (XTAE:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Argo Properties NV (XTAE:ARGO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karl-Liebknecht-Strasse 2a, Leipzig, SN, DEU, 04107

Website

https://www.argo-nv.com

Argo Properties NV is a foreign company engaged in the purchase, management, and rental of residential and office buildings in Germany. The company's segment includes Income generating residential real estate and Income generating real estate for development. It generates maximum revenue from the Income generating residential real estate segment.