Somec SpA (MIL:SOM) Change In Receivables : €-4.4 Mil (TTM As of Dec. 2023)

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What is Somec SpA Change In Receivables?

Somec SpA's change in receivables for the quarter that ended in Dec. 2023 was €-4.4 Mil. It means Somec SpA's Accounts Receivable increased by €4.4 Mil from Jun. 2023 to Dec. 2023 .

Somec SpA's change in receivables for the fiscal year that ended in Dec. 2023 was €-4.4 Mil. It means Somec SpA's Accounts Receivable increased by €4.4 Mil from Dec. 2022 to Dec. 2023 .

Somec SpA's Accounts Receivable for the quarter that ended in Dec. 2023 was €73.5 Mil.

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 Receivable are being managed. Somec SpA's Days Sales Outstanding for the six months ended in Dec. 2023 was 74.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Somec SpA's liquidation value for the six months ended in Dec. 2023 was €-176.5 Mil.

Somec SpA Change In Receivables Historical Data

The historical data trend for Somec SpA's Change In Receivables 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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Somec SpA Change In Receivables Chart

Somec SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.32

-5.11

-11.60

-10.87

-4.37

Somec SpA Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial									-8.08	2.35	-13.22	0.07	-4.43

Somec SpA Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-4.4 Mil.

Somec SpA (MIL:SOM) Change In Receivables 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 Receivable are being managed.

Somec SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	73.511	/	179.324	*	91
=	74.81

2. In Ben Graham's calculation of liquidation value, Somec SpA's accounts receivable are only considered to be worth 75% of book value:

Somec SpA's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	47.152	-	307.884	+	0.75 * 73.511	+	0.5 * 58.131
=	-176.5

Somec SpA Change In Receivables Related Terms

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Somec SpA (MIL:SOM) Business Description

Industry

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Traded in Other Exchanges

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Address

Via Palu, 30, San Vendemiano, Treviso, ITA, 31020

Website

http://www.somecgroup.com

Somec SpA designs and manufactures glass envelopes for cruise ships and special architectural projects. Its products include balcony sliding doors, public area doors, handrails, windscreens, and balcony dividers.

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