Panamax Aktiengesellschaft (FRA:ICP) Accounts Receivable : €0.11 Mil (As of Dec. 2023)

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What is Panamax Aktiengesellschaft Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Panamax Aktiengesellschaft's accounts receivables for the quarter that ended in Dec. 2023 was €0.11 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Panamax Aktiengesellschaft's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 118.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Panamax Aktiengesellschaft's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.15.

Panamax Aktiengesellschaft Accounts Receivable Historical Data

The historical data trend for Panamax Aktiengesellschaft'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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Panamax Aktiengesellschaft Accounts Receivable Chart

Panamax Aktiengesellschaft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.01

0.02

0.01

0.11

Panamax Aktiengesellschaft Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															0.02	0.02	0.01	0.10	0.11

Panamax Aktiengesellschaft Accounts Receivable Calculation

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

Panamax Aktiengesellschaft 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.

Panamax Aktiengesellschaft's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.108	/	0.167	*	91
=	118.02

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

Panamax Aktiengesellschaft's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.084	+	0.75 * 0.108	+	0.5 * 0	-	0.444
-	0	-	0)	/	1.8631
=	-0.15

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.

Panamax Aktiengesellschaft Accounts Receivable Related Terms

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Panamax Aktiengesellschaft (FRA:ICP) Business Description

Industry

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ICP:Germany

Address

Strasse 10, Muenchener, Frankfurt am Main, Frankfurt, HE, DEU, 60329

Website

https://www.panamax.ag

Panamax Aktiengesellschaft is a Germany-based investment company. It focuses on investing in various sectors, such as environmental technology, financial services, IT, e-business, health products, as well as services and products for small children and babies. The corporate purpose of Panamax Aktiengesellschaft is the formation of corporations and partnerships as well as the acquisition, management, and sale of investments in corporations and partnerships, exclusively in its own name and with its own assets and the provision of management services, in particular accounting, controlling, non-regulatory financing services and marketing.