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Moncler SpA (FRA:MOV) Accounts Receivable : €178 Mil (As of Jun. 2023)


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What is Moncler SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Moncler SpA's accounts receivables for the quarter that ended in Jun. 2023 was €178 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Moncler SpA's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 28.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Moncler SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-2.60.


Moncler SpA Accounts Receivable Historical Data

The historical data trend for Moncler SpA'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.

Moncler SpA Accounts Receivable Chart

Moncler SpA 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 167.92 174.14 234.27 296.55 -

Moncler SpA 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 234.27 166.80 296.55 177.85 -

Moncler SpA Accounts Receivable Calculation

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


Moncler SpA 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.

Moncler SpA's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=177.849/1136.59*91
=28.56

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

Moncler SpA'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)
=(488.518+0.75 * 177.849+0.5 * 486.797-1568.25
-0-0.12)/270.137
=-2.60

* 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.


Moncler SpA Accounts Receivable Related Terms

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Moncler SpA (FRA:MOV) Business Description

Address
Via Stendhal, 47, Milan, ITA, 20144
Moncler consists of its namesake brand and Stone Island (acquired in 2021). The Moncler brand is one of the leading players in luxury outerwear. It is globally present with 36% of sales generated in Europe, the Middle East, and Africa, 17% in the Americas, and 47% in Asia and rest of the world. Most of the company's sales are direct to consumer, with almost 80% generated through the own-retail channel. Around 75%-80% of revenue is generated in the core outerwear segment, with the remainder in the accessory, knitwear, and footwear categories. Stone Island contributed around 15% of revenue in 2022.