What is Affinity Education Group Accounts Receivable?
Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Affinity Education Group's accounts receivables for the quarter that ended in Jun. 2015 was €0.0 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Affinity Education Group's Days Sales Outstanding for the quarter that ended in Jun. 2015 was 0.00.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Affinity Education Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was €-0.17.
Affinity Education Group Accounts Receivable Historical Data
* 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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Affinity Education Group Accounts Receivable Chart
Affinity Education Group Annual Data
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Affinity Education Group Semi-Annual Data
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Affinity Education Group Accounts Receivable Calculation
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Affinity Education Group 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.
Affinity Education Group's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Affinity Education Group's accounts receivable are only considered to be worth 75% of book value:
Affinity Education Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 is calculated as:
* 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.
Affinity Education Group Accounts Receivable Related Terms
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Affinity Education Group (FRA:A0J) Business Description
Affinity Education Group Ltd was incorporated on 21st May, 2013. The Company provides education and care to children aged six weeks to 12 years. Provision of these services includes long day care, before and after school care and occasional care. Its segments include Long day care centers, Outside school-hours care, Family day care, and Occasional care. Long day care centers are set up to primarily offer care to below school age children with working parents. The care can be both full-and-part time. Outside school-hours care provides before and after school short-term care to children of primary school age. Vacation care is also considered part of this segment, providing child care services to parents during school holidays. Family day care is the only area of child care approved under the National Quality Framework that takes place outside of a center, with care provided in the home of an approved educator. This type of care can be all day, part time, occasional or outside school hours. Occasional care offers child care services for children on a casual basis. Centers offering occasional services are primarily set up to provide flexibility to parents with irregular working hours or short-term needs. As with family day care, occasional care is a capped program.
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