Prosegur Compania De Seguridad (XMAD:PSG) Accounts Receivable

: €756 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. Prosegur Compania De Seguridad's accounts receivables for the quarter that ended in Dec. 2023 was €756 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Prosegur Compania De Seguridad's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 73.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Prosegur Compania De Seguridad's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-4.36.

Prosegur Compania De Seguridad Accounts Receivable Historical Data

The historical data trend for Prosegur Compania De Seguridad'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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Prosegur Compania De Seguridad Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

728.43

561.06

585.45

684.53

755.58

Prosegur Compania De Seguridad Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																684.53	954.50	903.21	1,010.50	755.58

Prosegur Compania De Seguridad Accounts Receivable Calculation

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

Prosegur Compania De Seguridad 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.

Prosegur Compania De Seguridad's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	755.575	/	941.829	*	91
=	73.20

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

Prosegur Compania De Seguridad'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)
=	(445.447	+	0.75 * 755.575	+	0.5 * 71.88	-	3326.95
-	0	-	36.078)	/	531.547
=	-4.36

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.

Prosegur Compania De Seguridad Accounts Receivable Related Terms

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Prosegur Compania De Seguridad (XMAD:PSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Prosegur Compania De Seguridad SA (XMAD:PSG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

PSGe:UK 0Q8P:UK PRHA:Germany

Address

Calle Pajaritos 24, Madrid, ESP, 28007

Website

https://www.prosegur.com

Prosegur Compania De Seguridad SA is a security company. The company is organized into segments that include security, cash, alarms, cybersecurity, and AVOS. The company also differs in that much of its revenue and operating profit is derived from cash-in-transit services--that is, armored-car cash pickups--as well as ancillary services, such as ATM management, cash counting, and reconciliation.

Prosegur Compania De Seguridad (XMAD:PSG) Headlines

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