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Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS (IST:DERIM) Accounts Receivable : ₺550 Mil (As of Dec. 2023)


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What is Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's accounts receivables for the quarter that ended in Dec. 2023 was ₺550 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 38.40.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₺-1.14.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Accounts Receivable Historical Data

The historical data trend for Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS'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.

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Accounts Receivable Chart

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS 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 278.71 276.05 236.02 517.66 549.65

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 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 278.71 276.05 236.02 517.66 549.65

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Accounts Receivable Calculation

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


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS 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.

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=549.653/2612.135*91
=38.40

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS's accounts receivable are only considered to be worth 75% of book value:

Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS'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)
=(153.993+0.75 * 549.653+0.5 * 83.592-669.773
-0-0)/54.000
=-1.14

* 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.


Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Accounts Receivable Related Terms

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Derimod Konfeksiyon Ayakkabi Derin Ve Tic AS Business Description

Traded in Other Exchanges
N/A
Address
Imrahor Street, Premier Campus Office Block No:29/A Kagithane, Gursel, Istanbul, TUR
Derimod Konfeksiyon Ayakkabi Deri San Ve Tic AS is involved in manufacturing leather garments, accessories and other products in Turkey. The company offers Heeled Boots, Flat Boots, Leather Coats, Casual Shoes, Belt and Wallet among others.

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