Ebro Foods (FRA:AZU) Accounts Receivable : €433 Mil (As of Dec. 2023)

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What is Ebro Foods Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ebro Foods's accounts receivables for the quarter that ended in Dec. 2023 was €433 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ebro Foods's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 51.76.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ebro Foods's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-4.34.

Ebro Foods Accounts Receivable Historical Data

The historical data trend for Ebro Foods'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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Ebro Foods Accounts Receivable Chart

Ebro Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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441.89

439.59

396.34

469.33

432.99

Ebro Foods 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															396.34	460.56	469.33	499.51	432.99

Ebro Foods Accounts Receivable Calculation

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

Ebro Foods 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	432.993	/	1526.568	*	91
=	51.76

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

Ebro Foods'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)
=	(335.329	+	0.75 * 432.993	+	0.5 * 717.271	-	1649.432
-	0	-	36.974)	/	153.865
=	-4.34

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.

Ebro Foods Accounts Receivable Related Terms

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Ebro Foods (FRA:AZU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ebro Foods SA (FRA:AZU) » Definitions » Accounts Receivable

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EBROe:UK 0NYH:UK EBRO:Spain

Address

Paseo de la Castellana, n 20, Madrid, ESP, 28046

Website

http://www.ebrofoods.es

Ebro Foods SA is a Spanish international food group operating in the pasta, rice, and sauces segments. The company is present in more than 25 countries in Europe, North America, Asia, and Africa, through its wide network of subsidiaries and brands. The core businesses are rice and pasta, offered in dry, fresh, precooked, and frozen varieties. Aside from pasta and rice, Ebro Food offers ready meals, fresh potato, sauces among others. The largest geographical segment for the rice division is in Europe, followed by North America, Asia, and Africa. Pasta, sauces, and other products, accounting for almost half of revenue, are mainly present in Europe and North America.

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