123Fahrschule SE (XTER:123F) Accounts Receivable : €2.99 Mil (As of Dec. 2023)

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What is 123Fahrschule SE Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 123Fahrschule SE's accounts receivables for the quarter that ended in Dec. 2023 was €2.99 Mil.

Accounts receivable can be measured by Days Sales Outstanding. 123Fahrschule SE's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 53.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. 123Fahrschule SE's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-1.42.

123Fahrschule SE Accounts Receivable Historical Data

The historical data trend for 123Fahrschule SE'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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123Fahrschule SE Accounts Receivable Chart

123Fahrschule SE Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.41

0.52

3.51

2.99

123Fahrschule SE Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			0.52	1.55	3.51	3.90	2.99

123Fahrschule SE Accounts Receivable Calculation

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

123Fahrschule SE 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.

123Fahrschule SE's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.987	/	10.172	*	91
=	53.59

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), 123Fahrschule SE's accounts receivable are only considered to be worth 75% of book value:

123Fahrschule SE'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)
=	(0.745	+	0.75 * 2.987	+	0.5 * 0	-	9.887
-	0	-	0)	/	4.87556
=	-1.42

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.

123Fahrschule SE Accounts Receivable Related Terms

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123Fahrschule SE (XTER:123F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 123Fahrschule SE (XTER:123F) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

123F:Germany

Address

Klopstockstr. 1, Cologne, DEU, 50968

Website

https://www.123fahrschule.de

123Fahrschule SE is a digital driving school chain. It is specialized in the consolidation and digital expansion of the classic driving license training of the German driving school market. The company offers its learner drivers a digital, effective and intelligent application software for administration, e-learning and individual learning status control for driver's license training for all driver's license classes.

Executives

Herr Boris Polenske

Board of Directors

123Fahrschule SE (XTER:123F) Headlines

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