Wise (CHIX:WISEL) Accounts Receivable : £411 Mil (As of Sep. 2024)

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What is Wise Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wise's accounts receivables for the quarter that ended in Sep. 2024 was £411 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wise's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 84.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wise's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was £0.89.

Wise Accounts Receivable Historical Data

The historical data trend for Wise'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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Wise Accounts Receivable Chart

Wise Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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52.10

44.30

69.50

125.90

247.10

Wise Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial						109.70	125.90	383.10	247.10	411.40

Wise Accounts Receivable Calculation

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

Wise 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.

Wise's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	411.4	/	892.6	*	91
=	84.11

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

Wise's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(15918.6	+	0.75 * 411.4	+	0.5 * 0	-	15335.4
-	0	-	0)	/	1005.300
=	0.89

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.

Wise Accounts Receivable Related Terms

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Wise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wise PLC (CHIX:WISEl) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

WIZEY:USA WPLCF:USA WISE:UK 6WS:Germany

Address

56 Shoreditch High Street, 6th Floor, Tea Building, London, GBR, E1 6JJ

Website

https://www.wise.com

Wise PLC is a currency conversion platform utilizing a peer-to-peer network to reduce transfer costs. The group focuses primarily on private clients and small and midsize enterprises. By operating local accounts in each jurisdiction Wise sends money to or receives money from, this fintech offers faster and cheaper currency transfer services than incumbents (banks). Wise has started to broaden its product offering, issuing its clients debit cards and allowing customers to invest funds into various asset-management products.

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