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Pferdewetten de AG (XTER:EMH1) Accounts Receivable : €2.70 Mil (As of Mar. 2024)


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What is Pferdewetten de AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pferdewetten de AG's accounts receivables for the quarter that ended in Mar. 2024 was €2.70 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pferdewetten de AG's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 25.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pferdewetten de AG's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-2.26.


Pferdewetten de AG Accounts Receivable Historical Data

The historical data trend for Pferdewetten de 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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Pferdewetten de AG Accounts Receivable Chart

Pferdewetten de AG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 2.13 2.26 2.28 1.23

Pferdewetten de AG Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.23 2.89 3.29 1.48 2.70

Pferdewetten de AG Accounts Receivable Calculation

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


Pferdewetten de 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.

Pferdewetten de AG's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.699/9.683*91
=25.43

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

Pferdewetten de AG's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(19.073+0.75 * 2.699+0.5 * 0-37.575
-0--3.848)/5.598
=-2.26

* 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.


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.


Pferdewetten de AG Accounts Receivable Related Terms

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Pferdewetten de AG (XTER:EMH1) Business Description

Traded in Other Exchanges
Address
Schlossstrasse 38, Hamburg, DEU
Pferdewetten de AG is involved in arranging and placing bets for horse racing and other sports events. It engages in the online and offline horse betting business in Germany. Its horse betting services range from betting on German galloping and trotting to English, French, and other international horse races. The company also provides online horse betting services through its Internet platform pferdewetten.de. In addition, it offers consultancy and training services for the implementation and processing of sports and horse betting.

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