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Black Sea Property (AQSE:BSP) Accounts Receivable : €1.61 Mil (As of Jun. 2023)


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What is Black Sea Property Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Black Sea Property's accounts receivables for the quarter that ended in Jun. 2023 was €1.61 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Black Sea Property's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 1,111.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Black Sea Property's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-0.01.


Black Sea Property Accounts Receivable Historical Data

The historical data trend for Black Sea Property'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.

* Premium members only.

Black Sea Property Accounts Receivable Chart

Black Sea Property Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial 0.57 0.35 0.13 0.41 1.80

Black Sea Property Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 0.15 0.41 1.29 1.80 1.61

Black Sea Property Accounts Receivable Calculation

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


Black Sea Property 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.

Black Sea Property's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.614/0.265*91
=1,111.53

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

Black Sea Property's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(0.385+0.75 * 1.614+0.5 * 0-24.643
-0-0)/1813.32
=-0.01

* 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.


Black Sea Property Accounts Receivable Related Terms

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Black Sea Property (AQSE:BSP) Business Description

Traded in Other Exchanges
N/A
Address
Victory House, Prospect Hill, 6th Floor, Douglas, IMN, IM1 1EQ
Black Sea Property PLC is a real estate company focused on investments in Bulgaria. It seeks to generate capital gains through development, financing and sale of property in Bulgaria, including the prime areas of Bulgaria's Black Sea coast, the ski resorts and the capital, Sofia. The Board is seeking to create a diverse portfolio of opportunistic and value-added Bulgarian real estate assets, including development land, partially completed construction projects and completed buildings.

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