ECO Buildings Group (LSE:ECOB) Accounts Receivable : £2.18 Mil (As of Jun. 2023)

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What is ECO Buildings Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ECO Buildings Group's accounts receivables for the quarter that ended in Jun. 2023 was £2.18 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ECO Buildings Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 14,748.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ECO Buildings Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £-0.06.

ECO Buildings Group Accounts Receivable Historical Data

The historical data trend for ECO Buildings Group'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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ECO Buildings Group Accounts Receivable Chart

ECO Buildings Group Annual Data

Trend

Dec21

Accounts Receivable

ECO Buildings Group Semi-Annual Data
	Jun22	Jun23
Accounts Receivable	-	2.18

ECO Buildings Group Accounts Receivable Calculation

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

ECO Buildings Group 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.

ECO Buildings Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.182	/	0.027	*	91
=	14,748.70

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

ECO Buildings Group'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)
=	(0.547	+	0.75 * 2.182	+	0.5 * 2.053	-	7.133
-	0	-	0)	/	70.0701
=	-0.06

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.

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ECO Buildings Group (LSE:ECOB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ECO Buildings Group Plc (LSE:ECOB) » Definitions » Accounts Receivable

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ECOB:UK

Address

160 Camden High Street, London, GBR, NW1 0NE

Website

https://www.eco-buildings.net

ECO Buildings Group Plc will operate in the prefabricated modular housing sector. The company has acquired the proven and innovative prefabricated modular technology using glass fibre-reinforced gypsum (GFRG), an alternative construction method to achieve faster and more economical development of residential, commercial, and industrial dwellings. Eco Buildings' range of modular housing products provides a solution for the construction of both affordable and high-end housing, with Eco Buildings' products being up to 50% cheaper, two-thirds lighter and five times faster to deploy than conventionally built homes.

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