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Endurance Motive (XMAD:END) Accounts Receivable : €0.81 Mil (As of Dec. 2020)


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What is Endurance Motive Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Endurance Motive's accounts receivables for the quarter that ended in Dec. 2020 was €0.81 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Endurance Motive's Days Sales Outstanding for the quarter that ended in Dec. 2020 was 65.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Endurance Motive's Net-Net Working Capital per share for the quarter that ended in Dec. 2020 was €-0.11.


Endurance Motive Accounts Receivable Historical Data

The historical data trend for Endurance Motive'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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Endurance Motive Accounts Receivable Chart

Endurance Motive Annual Data
Trend Dec18 Dec19 Dec20
Accounts Receivable
0.01 0.13 0.81

Endurance Motive Semi-Annual Data
Dec18 Dec19 Dec20
Accounts Receivable 0.01 0.13 0.81

Endurance Motive Accounts Receivable Calculation

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


Endurance Motive 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.

Endurance Motive's Days Sales Outstanding for the quarter that ended in Dec. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.814/2.262*91
=65.67

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

Endurance Motive's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(0.03+0.75 * 0.814+0.5 * 0.644-1.873
-0-0)/8.574
=-0.11

* 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.


Endurance Motive Accounts Receivable Related Terms

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Endurance Motive (XMAD:END) Business Description

Traded in Other Exchanges
N/A
Address
Carrer de la Bernia 1, Canet den Berenguer, Valencia, ESP, 46529
Endurance Motive SA designs and assembles lithium batteries for electromobility. It offers complete solutions for the implementation of lithium-based storage technology for industrial traction equipment, naval sector and public transport vehicles.

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