Encavis AG (WBO:CAP) Accounts Receivable : €76.6 Mil (As of Dec. 2023)

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What is Encavis AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Encavis AG's accounts receivables for the quarter that ended in Dec. 2023 was €76.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Encavis AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 67.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Encavis AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-12.57.

Encavis AG Accounts Receivable Historical Data

The historical data trend for Encavis 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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Encavis AG Accounts Receivable Chart

Encavis AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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45.28

46.73

47.73

69.82

76.61

Encavis 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															69.82	75.79	90.22	84.36	76.61

Encavis AG Accounts Receivable Calculation

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

Encavis 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.

Encavis 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
=	76.614	/	103.369	*	91
=	67.63

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

Encavis 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)
=	(308.996	+	0.75 * 76.614	+	0.5 * 5.312	-	2386.626
-	0	-	7.016)	/	161.03
=	-12.57

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.

Encavis AG Accounts Receivable Related Terms

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Encavis AG (WBO:CAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Encavis AG (WBO:CAP) » Definitions » Accounts Receivable

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0NBT:UK ECV:Germany

Address

Grosse Elbstrasse 59, Hamburg, DEU, 22767

Website

https://www.encavis.com

Encavis AG is an independent solar park operator. Principally, it is engaged in the business of acquisition and operation of solar parks and onshore wind parks. Its operating segments are Photovoltaic Parks, Photovoltaic Service, Wind Parks, Asset Management, and Administration, of which the majority of its revenue comes from the Photovoltaic Parks segment. The Photovoltaic Parks segment comprised more than 169 solar parks with a total generation capacity of more than 1.3 GW, with parks located in different countries. Its geographical segments are Denmark, Germany, France, United Kingdom, Ireland, Finland, Italy, Netherlands, Austria, France, Sweden, and Spain.