Coca-Cola HBC AG (Coca-Cola HBC AG) Accounts Receivable : $941 Mil (As of Dec. 2023)

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What is Coca-Cola HBC AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Coca-Cola HBC AG's accounts receivables for the quarter that ended in Dec. 2023 was $941 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Coca-Cola HBC AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 30.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Coca-Cola HBC AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.37.

Coca-Cola HBC AG Accounts Receivable Historical Data

The historical data trend for Coca-Cola HBC AG'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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Coca-Cola HBC AG Accounts Receivable Chart

Coca-Cola HBC AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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858.78

679.68

797.18

852.54

941.33

Coca-Cola HBC AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															797.18	1,512.90	852.54	1,656.01	941.33

Coca-Cola HBC AG Accounts Receivable Calculation

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

Coca-Cola HBC AG 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.

Coca-Cola HBC AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	941.33	/	5629.771	*	91
=	30.52

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

Coca-Cola HBC AG'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)
=	(2103.053	+	0.75 * 941.33	+	0.5 * 843.293	-	7298.691
-	0	-	102.399)	/	366.909
=	-11.37

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.

Coca-Cola HBC AG Accounts Receivable Related Terms

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Coca-Cola HBC AG (Coca-Cola HBC AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola HBC AG (OTCPK:CCHGY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CCHBF:USA EEE:Greece CCHl:UK CCH:UK C0Q:Germany

Address

Turmstrasse 26, Steinhausen, CHE, CH-6312

Website

https://www.coca-colahellenic.com

Coca-Cola HBC, or HBC, is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola FEMSA and Coca-Cola Europacific Partners, or CCEP. In 2022, HBC sold 2.7 billion unit cases of beverages. For context, Coke's largest bottler, Coke FEMSA, sold 3.75 billion unit cases in Latin America, and the second-largest, CCEP, serving Europe, Southeast Asia, and the South Pacific region, sold 3.3 billion unit cases. There is a long tail of Coke distributors, including brewers and independent operators with very small distribution territories.HBC is listed on the LSE. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of HBC, and The Coca-Cola Company, or TCCC, holds a further 21%. The remaining 56% is free float.

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