Grenke AG (Grenke AG) Change In Receivables : $-541.3 Mil (TTM As of Mar. 2024)

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What is Grenke AG Change In Receivables?

Grenke AG's change in receivables for the quarter that ended in Mar. 2024 was $-108.4 Mil. It means Grenke AG's Accounts Receivable increased by $108.4 Mil from Dec. 2023 to Mar. 2024 .

Grenke AG's change in receivables for the fiscal year that ended in Dec. 2023 was $-497.6 Mil. It means Grenke AG's Accounts Receivable increased by $497.6 Mil from Dec. 2022 to Dec. 2023 .

Grenke AG's Accounts Receivable for the quarter that ended in Mar. 2024 was $8.2 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. Grenke AG's Days Sales Outstanding for the three months ended in Mar. 2024 was 3.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Grenke AG's liquidation value for the three months ended in Mar. 2024 was $-5,427.0 Mil.

Grenke AG Change In Receivables Historical Data

The historical data trend for Grenke AG'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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Grenke AG Change In Receivables Chart

Grenke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-17.75

184.29

583.63

-131.73

-497.62

Grenke AG 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															-61.38	-144.69	-60.61	-227.54	-108.42

Grenke AG 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 $-541.3 Mil.

Grenke AG (OTCPK:GKSGF) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.238	/	192.118	*	91
=	3.91

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

Grenke AG'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)
=	901.613	-	6334.802	+	0.75 * 8.238	+	0.5 * 0
=	-5,427.0

Grenke AG Change In Receivables Related Terms

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Grenke AG (Grenke AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (OTCPK:GKSGF) » Definitions » Change In Receivables

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Traded in Other Exchanges

0R97:UK GLJ:Germany

Address

Neuer Markt 2, Baden-Baden, DEU, 76532

Website

https://www.grenke.de

Grenke AG is a financial-services company that, under a franchise model, provides operational infrastructure, the licensing of the group's name to contracted parties, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include Leasing, Banking, and Factoring. The Leasing segment produces the most revenue. GRENKE Bank's actions compose the banking segment, primarily including acting as the financing partner for SMEs. The Factoring segment includes mainly small-ticket factoring services. The company operates primarily in Europe, with the most revenue coming from Ireland and Germany.