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Judges Scientific (FRA:IUF) Accounts Receivable : €21.7 Mil (As of Dec. 2023)


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What is Judges Scientific Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Judges Scientific's accounts receivables for the quarter that ended in Dec. 2023 was €21.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Judges Scientific's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Judges Scientific's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-10.55.


Judges Scientific Accounts Receivable Historical Data

The historical data trend for Judges Scientific'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.

Judges Scientific Accounts Receivable Chart

Judges Scientific Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.32 13.09 16.72 21.85 21.71

Judges Scientific 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.72 23.44 21.85 29.95 21.71

Judges Scientific Accounts Receivable Calculation

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


Judges Scientific 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=21.706/86.825*91
=45.62

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

Judges Scientific'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)
=(15.902+0.75 * 21.706+0.5 * 30.76-117.121
-0-0.232)/6.61572
=-10.55

* 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.


Judges Scientific Accounts Receivable Related Terms

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Judges Scientific (FRA:IUF) Business Description

Traded in Other Exchanges
Address
52c Borough High Street, London, GBR, SE1 1XN
Judges Scientific PLC is engaged in the designing, manufacturing, and sale of scientific instruments. The company operates two main operating segments: Materials Sciences and Vacuum. The firm specializes in the acquisition and development of a portfolio of scientific instrument businesses. The company has operational footprints across the United Kingdom, the Rest of Europe, North America, and the Rest of the world.

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