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Athena Investments A/S (Athena Investments A/S) Accounts Receivable : $0.05 Mil (As of Jun. 2020)


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What is Athena Investments A/S Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Athena Investments A/S's accounts receivables for the quarter that ended in Jun. 2020 was $0.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Athena Investments A/S's Days Sales Outstanding for the quarter that ended in Jun. 2020 was 74.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Athena Investments A/S's Net-Net Working Capital per share for the quarter that ended in Jun. 2020 was $-0.29.


Athena Investments A/S Accounts Receivable Historical Data

The historical data trend for Athena Investments A/S'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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Athena Investments A/S Accounts Receivable Chart

Athena Investments A/S Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.96 16.25 19.94 14.59 0.05

Athena Investments A/S Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.64 14.59 6.50 0.05 0.05

Athena Investments A/S Accounts Receivable Calculation

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


Athena Investments A/S 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.

Athena Investments A/S's Days Sales Outstanding for the quarter that ended in Jun. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.046/0.113*91
=74.29

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

Athena Investments A/S's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2020 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)
=(28.657+0.75 * 0.046+0.5 * 0-58.3
-0-0)/101.367
=-0.29

* 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.


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.


Athena Investments A/S Accounts Receivable Related Terms

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Athena Investments A/S (Athena Investments A/S) Business Description

Traded in Other Exchanges
N/A
Address
Harbour House, Sundkrogsgade 21, Copenhagen, DNK, 2100
Athena Investments A/S is a Denmark based investment holding company. The company's activities include the operation of renewable energy plants and are focused on two technologies: Wind power and Solar power. Geographically, it is located throughout Italy, Spain, Denmark, Germany, and Poland. The vast majority of its revenue flows from wind power technology through the Italy region. The company has discontinued its current operations and looking for new business opportunities.

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