Buzzi Spa (MIL:BZU) Accounts Receivable

: €566 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. Buzzi Spa's accounts receivables for the quarter that ended in Dec. 2023 was €566 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Buzzi Spa's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 47.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Buzzi Spa's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.36.

Buzzi Spa Accounts Receivable Historical Data

The historical data trend for Buzzi Spa'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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Buzzi Spa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

414.47

399.22

455.74

541.68

565.61

Buzzi Spa Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable																455.74	608.50	541.68	670.71	565.61

Buzzi Spa Accounts Receivable Calculation

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

Buzzi Spa 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.

Buzzi Spa's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	565.61	/	2167.855	*	91
=	47.62

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

Buzzi Spa'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)
=	(1120.712	+	0.75 * 565.61	+	0.5 * 754.269	-	1983.375
-	0	-	5.673)	/	185.132
=	-0.36

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.

Buzzi Spa Accounts Receivable Related Terms

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Buzzi Spa (MIL:BZU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Buzzi Spa (MIL:BZU) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

BZZUY:USA BZZUF:USA BZUm:UK 0NVQ:UK UCM:Germany

Address

Via Luigi Buzzi, 6, Casale Monferrato, ITA, 15033

Website

https://www.buzziunicem.com

Buzzi Spa manufactures and sells cement, ready-mix concrete, and aggregates. The company operates in two segments by product: cement and concrete/aggregates. The cement segment generates the majority of revenue, sells cement and cement-related products to the construction and building industries. The concrete and aggregates segment sells concrete and aggregates from hundreds of firm-owned concrete batch plants and aggregate quarries. The vast majority of Buzzi Unicem's revenue comes from the United States of America.

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