Terna SpA (WBO:TRN) Accounts Receivable : €992 Mil (As of Sep. 2023)

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What is Terna SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Terna SpA's accounts receivables for the quarter that ended in Sep. 2023 was €992 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Terna SpA's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 118.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Terna SpA's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €-6.14.

Terna SpA Accounts Receivable Historical Data

The historical data trend for Terna 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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Terna SpA Accounts Receivable Chart

Terna SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,290.70

1,245.20

2,777.40

2,358.30

1,107.60

Terna SpA 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															2,358.30	853.50	1,245.90	992.40	1,107.60

Terna SpA Accounts Receivable Calculation

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

Terna 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	992.4	/	761.8	*	91
=	118.87

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

Terna SpA's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(1132.2	+	0.75 * 992.4	+	0.5 * 0	-	14173.3
-	0	-	17.3)	/	2005.78
=	-6.14

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.

Terna SpA Accounts Receivable Related Terms

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Terna SpA (WBO:TRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Terna SpA (WBO:TRN) » Definitions » Accounts Receivable

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Traded in Other Exchanges

TEZNY:USA TERRF:USA TRN:Italy TRNm:UK 0LBM:UK UEI:Germany

Address

Viale Egidio Galbani, 70, Rome, ITA, 00156

Website

https://www.terna.it

Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.