Kistos Holdings (LSE:KIST) Accounts Receivable : £7.1 Mil (As of Dec. 2023)

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What is Kistos Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kistos Holdings's accounts receivables for the quarter that ended in Dec. 2023 was £7.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kistos Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 14.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kistos Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-5.44.

Kistos Holdings Accounts Receivable Historical Data

The historical data trend for Kistos Holdings'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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Kistos Holdings Accounts Receivable Chart

Kistos Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

7.14

Kistos Holdings Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	-	-	5.62	7.14

Kistos Holdings Accounts Receivable Calculation

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

Kistos Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.139	/	87.743	*	91
=	14.85

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

Kistos Holdings'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)
=	(167.503	+	0.75 * 7.139	+	0.5 * 17.638	-	632.776
-	0	-	0)	/	82.8637
=	-5.44

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.

Kistos Holdings Accounts Receivable Related Terms

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Kistos Holdings (LSE:KIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kistos Holdings PLC (LSE:KIST) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

KSTOF:USA LU0:Germany

Address

3 St James's Square, 2nd Floor, London, GBR, SW1Y 4JU

Website

https://www.kistosplc.com

Kistos Holdings PLC is a closed-ended investment company. The objective of the company is to create value for its investors through the acquisition and management of companies or businesses in the energy sector. Its segment includes Netherlands and UK. The company generates maximum revenue from the Netherlands segment. ? Netherlands segment comprising the production and sale of gas and other hydrocarbons from the Q10-A field, and the costs associated with exploration, appraisal and development of other Dutch licences.

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