Grab2Go AS (OTSE:GRB2G) Accounts Receivable : €0.01 Mil (As of Jun. 2023)

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What is Grab2Go AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grab2Go AS's accounts receivables for the quarter that ended in Jun. 2023 was €0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grab2Go AS's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €0.03.

Grab2Go AS Accounts Receivable Historical Data

The historical data trend for Grab2Go AS'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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Grab2Go AS Accounts Receivable Chart

Grab2Go AS Annual Data

Trend

Dec21

Dec22

Accounts Receivable

0.05

0.01

Grab2Go AS Semi-Annual Data
	Jun22	Dec22	Jun23
Accounts Receivable	-	0.01	0.01

Grab2Go AS Accounts Receivable Calculation

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

Grab2Go AS 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.

Grab2Go AS's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.005	/	0	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Grab2Go AS's accounts receivable are only considered to be worth 75% of book value:

Grab2Go AS's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.28	+	0.75 * 0.005	+	0.5 * 0.067	-	0.052
-	0	-	0)	/	8.12527
=	0.03

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.

Grab2Go AS Accounts Receivable Related Terms

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Grab2Go AS (OTSE:GRB2G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grab2Go AS (OTSE:GRB2G) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138

Website

https://www.grab2go.eu

Grab2Go AS develops and manufactures autonomous, unmanned and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings and a better consumer experience in the operation of convenience stores, pharmacies and other similar points of sale. The company has developed a completely unique Cloud Platform to remotely manage and operate Its Autonomous Stores in Real-Time. Grab2Go earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments) and software development.

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