Italgas SpA (MIL:IG) Change In Receivables : €-257 Mil (TTM As of Jun. 2023)

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What is Italgas SpA Change In Receivables?

Italgas SpA's change in receivables for the quarter that ended in Jun. 2023 was €-126 Mil. It means Italgas SpA's Accounts Receivable increased by €126 Mil from Dec. 2022 to Jun. 2023 .

Italgas SpA's change in receivables for the fiscal year that ended in Dec. 2022 was €65 Mil. It means Italgas SpA's Accounts Receivable declined by €65 Mil from Dec. 2021 to Dec. 2022 .

Italgas SpA's Accounts Receivable for the quarter that ended in Jun. 2023 was €442 Mil.

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 Receivable are being managed. Italgas SpA's Days Sales Outstanding for the six months ended in Jun. 2023 was 63.45.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Italgas SpA's liquidation value for the six months ended in Jun. 2023 was €-7,616 Mil.

Italgas SpA Change In Receivables Historical Data

The historical data trend for Italgas SpA's Change In Receivables 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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Italgas SpA Change In Receivables Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-17.74

11.86

73.56

65.40

Italgas SpA Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial										-207.61	196.03	-130.63	-126.10	-

Italgas SpA Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-257 Mil.

Italgas SpA (MIL:IG) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	441.806	/	1270.742	*	91
=	63.45

2. In Ben Graham's calculation of liquidation value, Italgas SpA's accounts receivable are only considered to be worth 75% of book value:

Italgas SpA's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	580.91	-	8587.705	+	0.75 * 441.806	+	0.5 * 118.216
=	-7,616

Italgas SpA Change In Receivables Related Terms

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Italgas SpA (MIL:IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (MIL:IG) » Definitions » Change In Receivables

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Traded in Other Exchanges

ITGGF:USA IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.

Italgas SpA (MIL:IG) Headlines

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