GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Milano Assicurazioni (LTS:0A1H) » Definitions » Accounts Receivable

Milano Assicurazioni (LTS:0A1H) Accounts Receivable : €0 Mil (As of Sep. 2013)


View and export this data going back to . Start your Free Trial

What is Milano Assicurazioni Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Milano Assicurazioni's accounts receivables for the quarter that ended in Sep. 2013 was €0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Milano Assicurazioni's Days Sales Outstanding for the quarter that ended in Sep. 2013 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Milano Assicurazioni's Net-Net Working Capital per share for the quarter that ended in Sep. 2013 was €-4.92.


Milano Assicurazioni Accounts Receivable Historical Data

The historical data trend for Milano Assicurazioni'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.

Milano Assicurazioni Accounts Receivable Chart

Milano Assicurazioni Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only - - - - -

Milano Assicurazioni Quarterly Data
Dec09 Jun10 Mar11 Jun11 Dec11 Jun12 Dec12 Jun13 Sep13
Accounts Receivable Get a 7-Day Free Trial Premium Member Only - - - - -

Milano Assicurazioni Accounts Receivable Calculation

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


Milano Assicurazioni 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.

Milano Assicurazioni's Days Sales Outstanding for the quarter that ended in Sep. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/762.954*91
=0.00

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

Milano Assicurazioni's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2013 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)
=(188.61+0.75 * 0+0.5 * 0-9219.699
-0-1.368)/1835.570
=-4.92

* 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.


Milano Assicurazioni Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Milano Assicurazioni's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Milano Assicurazioni (LTS:0A1H) Business Description

Traded in Other Exchanges
N/A
Address
Milano Assicurazioni is incorporated in Italy. It is engaged in the insurance sector. The Company offers a range of insurance products, such as car, accident, health, life, railway, aviation, property and credit insurance policies. The Company is also active in the provision of collective insurance policies and pension funds management.

Milano Assicurazioni (LTS:0A1H) Headlines

No Headlines