Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) Accounts Receivable : R$349 Mil (As of Dec. 2023)

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What is Smartfit Escola DE Ginastica E Danca Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Smartfit Escola DE Ginastica E Danca's accounts receivables for the quarter that ended in Dec. 2023 was R$349 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Smartfit Escola DE Ginastica E Danca's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 28.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Smartfit Escola DE Ginastica E Danca's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R$-10.72.

Smartfit Escola DE Ginastica E Danca Accounts Receivable Historical Data

The historical data trend for Smartfit Escola DE Ginastica E Danca'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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Smartfit Escola DE Ginastica E Danca Accounts Receivable Chart

Smartfit Escola DE Ginastica E Danca Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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137.04

154.22

195.78

271.73

349.01

Smartfit Escola DE Ginastica E Danca Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															271.73	301.50	310.24	350.08	349.01

Smartfit Escola DE Ginastica E Danca Accounts Receivable Calculation

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

Smartfit Escola DE Ginastica E Danca 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.

Smartfit Escola DE Ginastica E Danca's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	349.007	/	1131.175	*	91
=	28.15

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Smartfit Escola DE Ginastica E Danca's accounts receivable are only considered to be worth 75% of book value:

Smartfit Escola DE Ginastica E Danca's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(2613.313	+	0.75 * 349.007	+	0.5 * 0	-	9134.543
-	0	-	27.372)	/	586.242
=	-10.72

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.

Smartfit Escola DE Ginastica E Danca Accounts Receivable Related Terms

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Smartfit Escola DE Ginastica E Danca (BSP:SMFT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Smartfit Escola DE Ginastica E Danca SA (BSP:SMFT3) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Rua Lelio Gama 104 - 38 Floor, 2nd Floor, Rio de Janeiro, RJ, BRA, 20031080

Website

https://www.smartfit.com.br

Smartfit Escola DE Ginastica E Danca SA is a fitness club. The company provides physical conditioning services through gymnasiums, bodybuilding, dancing and swimming. Facilities offered by the company include SmartBox, free weight, gym classes, bicycles, smart bike, fitness equipment, and a running machine, among others. The Company is present in fourteen countries, namely Brazil, Mexico, Colombia, Chile, Peru, Argentina, Paraguay, Panama, Costa Rica, Dominican Republic, Ecuador, Guatemala, El Salvador, and Honduras, operating in the HVLP segment with the brand Smart Fit, in the Premium segment with the brand Bio Ritmo, and in the digital fitness segment.

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