Sixt SE (FRA:SIX3) Change In Receivables : €-161 Mil (TTM As of Mar. 2024)

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What is Sixt SE Change In Receivables?

Sixt SE's change in receivables for the quarter that ended in Mar. 2024 was €-64 Mil. It means Sixt SE's Accounts Receivable increased by €64 Mil from Dec. 2023 to Mar. 2024 .

Sixt SE's change in receivables for the fiscal year that ended in Dec. 2023 was €-6 Mil. It means Sixt SE's Accounts Receivable increased by €6 Mil from Dec. 2022 to Dec. 2023 .

Sixt SE's Accounts Receivable for the quarter that ended in Mar. 2024 was €606 Mil.

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 Receivable are being managed. Sixt SE's Days Sales Outstanding for the three months ended in Mar. 2024 was 70.87.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sixt SE's liquidation value for the three months ended in Mar. 2024 was €-1,942 Mil.

Sixt SE Change In Receivables Historical Data

The historical data trend for Sixt SE's Change In Receivables 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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Sixt SE Change In Receivables Chart

Sixt SE Annual Data

Trend

Dec14

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Dec21

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Dec23

Change In Receivables

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-205.32

154.01

15.27

-14.66

-5.88

Sixt SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															91.07	-31.76	-191.50	126.32	-64.26

Sixt SE Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-161 Mil.

Sixt SE (FRA:SIX3) Change In Receivables 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 Receivable are being managed.

Sixt SE's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	605.987	/	780.2	*	91
=	70.87

2. In Ben Graham's calculation of liquidation value, Sixt SE's accounts receivable are only considered to be worth 75% of book value:

Sixt SE's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	32.918	-	4877.639	+	0.75 * 605.987	+	0.5 * 4896.548
=	-1,942

Sixt SE Change In Receivables Related Terms

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Sixt SE (FRA:SIX3) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sixt SE (FRA:SIX3) » Definitions » Change In Receivables

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Traded in Other Exchanges

SIXGF:USA 1SIX:Italy SIX2d:UK 0NW8:UK 0NW7:UK SIX2:Germany

Address

Zugspitzstrasse 1, Pullach, BY, DEU, 82049

Website

https://www.sixt.com

Sixt SE provides automotive rental services mainly across Europe and the US. The company offers rental solutions from passenger vehicles, including sports utilities vehicles, electric vehicles, and luxury sports cars to vans and trucks. With its products SIXT rent, SIXT share, SIXT ride, and others, the company offers mobility services in the areas of car rental, car sharing, ride services, and car subscriptions. These products can be booked via a single app that also integrates the services of mobility partners.

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