GEA Group AG (CHIX:G1AD) Accounts Receivable

: €771 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GEA Group AG's accounts receivables for the quarter that ended in Dec. 2023 was €771 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GEA Group AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 49.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GEA Group AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-11.13.

GEA Group AG Accounts Receivable Historical Data

The historical data trend for GEA Group AG'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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GEA Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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915.08

744.09

682.46

730.95

770.89

GEA Group AG 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															730.95	715.71	745.78	730.66	770.89

GEA Group AG Accounts Receivable Calculation

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

GEA Group AG 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.

GEA Group AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	770.888	/	1409.32	*	91
=	49.91

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

GEA Group AG'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)
=	(661.553	+	0.75 * 770.888	+	0.5 * 799.728	-	3556.524
-	0	-	0.412)	/	172.331
=	-11.13

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.

GEA Group AG Accounts Receivable Related Terms

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GEA Group AG (CHIX:G1AD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GEA Group AG (CHIX:G1Ad) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

GEAGF:USA G1A:Mexico 1G:Italy 0MPJ:UK G1A:Germany

Address

Peter-Muller-Strasse 12, Dusseldorf, DEU, 40468

Website

https://www.gea.com

GEA Group is one of the world's largest suppliers of processing systems and equipment for the food, beverage, and pharmaceutical industries. Across its five divisions, GEA designs and manufactures process engineering equipment and offers turnkey solutions for customers' processing lines or product(s). GEA also offers a comprehensive aftermarket offering spanning maintenance services and spare parts and components.

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