Ekotechnika AG (XTER:ETE) Change In Receivables : €-11.8 Mil (TTM As of Sep. 2023)

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What is Ekotechnika AG Change In Receivables?

Ekotechnika AG's change in receivables for the quarter that ended in Sep. 2023 was €1.5 Mil. It means Ekotechnika AG's Accounts Receivable declined by €1.5 Mil from Mar. 2023 to Sep. 2023 .

Ekotechnika AG's change in receivables for the fiscal year that ended in Sep. 2023 was €-11.8 Mil. It means Ekotechnika AG's Accounts Receivable increased by €11.8 Mil from Sep. 2022 to Sep. 2023 .

Ekotechnika AG's Accounts Receivable for the quarter that ended in Sep. 2023 was €19.1 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. Ekotechnika AG's Days Sales Outstanding for the six months ended in Sep. 2023 was 40.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ekotechnika AG's liquidation value for the six months ended in Sep. 2023 was €-33.1 Mil.

Ekotechnika AG Change In Receivables Historical Data

The historical data trend for Ekotechnika 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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Ekotechnika AG Change In Receivables Chart

Ekotechnika AG Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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-10.40

14.35

-10.93

1.70

-11.78

Ekotechnika AG Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial													1.85	-3.70	5.40	-13.28	1.50

Ekotechnika 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-11.8 Mil.

Ekotechnika AG (XTER:ETE) 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.

Ekotechnika AG's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	19.128	/	87.076	*	91
=	40.09

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

Ekotechnika AG's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	13.991	-	91.275	+	0.75 * 19.128	+	0.5 * 59.681
=	-33.1

Ekotechnika AG Change In Receivables Related Terms

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Ekotechnika AG (XTER:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ekotechnika AG (XTER:ETE) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Johann-Jakob-Astor-Strasse 49, Walldorf, BW, DEU, 69190

Website

https://www.ekotechnika.de

Ekotechnika AG is a dealer of agricultural machinery. The company offers tractors, milking machines, spare parts, customer service and smart farming. Its business segments are classified into new machinery, spare parts, service, and smart farming. Its geographical segments include the Central region, Black earth region, and Siberian region. Majority of its revenue derived from Central region segment.

Executives

Lars Bjarne Buwitt

Supervisory Board

Ekotechnika AG (XTER:ETE) Headlines

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