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Epic Acquisition (FRA:V08) Accounts Receivable : €0.01 Mil (As of Sep. 2023)


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What is Epic Acquisition Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Epic Acquisition's accounts receivables for the quarter that ended in Sep. 2023 was €0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Epic Acquisition's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €-1.19.


Epic Acquisition Accounts Receivable Historical Data

The historical data trend for Epic Acquisition'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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Epic Acquisition Accounts Receivable Chart

Epic Acquisition Annual Data
Trend Sep21 Sep22 Sep23
Accounts Receivable
- 0.01 0.01

Epic Acquisition Semi-Annual Data
Mar22 Mar23 Sep23
Accounts Receivable - 0.01 0.01

Epic Acquisition Accounts Receivable Calculation

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


Epic Acquisition 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.

Epic Acquisition's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.008/0*91
=

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

Epic Acquisition's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(0.045+0.75 * 0.008+0.5 * 0-22.791
-0-0)/19.1616
=-1.19

* 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.


Epic Acquisition Accounts Receivable Related Terms

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Epic Acquisition (FRA:V08) Business Description

Traded in Other Exchanges
N/A
Address
190 Elgin Avenue, George Town, CYM, KY1-9008
Epic Acquisition Corp is a special purpose acquisition company aimed at acquiring companies operating in the consumer sector in the European Economic Area or the United Kingdom.

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