Dr. Ing. h.c. F. Porsche AG (MIL:1PORS) Accounts Receivable : €1,704 Mil (As of Sep. 2024)

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What is Dr. Ing. h.c. F. Porsche AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dr. Ing. h.c. F. Porsche AG's accounts receivables for the quarter that ended in Sep. 2024 was €1,704 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dr. Ing. h.c. F. Porsche AG's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 17.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dr. Ing. h.c. F. Porsche AG's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was €-15.55.

Dr. Ing. h.c. F. Porsche AG Accounts Receivable Historical Data

The historical data trend for Dr. Ing. h.c. F. Porsche AG'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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Dr. Ing. h.c. F. Porsche AG Accounts Receivable Chart

Dr. Ing. h.c. F. Porsche AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,684.00

2,203.00

2,280.00

2,806.00

3,118.00

Dr. Ing. h.c. F. Porsche AG Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial												1,608.00	3,118.00	1,678.00	3,082.00	1,704.00

Dr. Ing. h.c. F. Porsche AG Accounts Receivable Calculation

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

Dr. Ing. h.c. F. Porsche AG 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.

Dr. Ing. h.c. F. Porsche AG's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1704	/	9107	*	91
=	17.07

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Dr. Ing. h.c. F. Porsche AG's accounts receivable are only considered to be worth 75% of book value:

Dr. Ing. h.c. F. Porsche AG's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=	(10860	+	0.75 * 1704	+	0.5 * 6887	-	29736
-	0	-	9)	/	911.000
=	-15.55

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.

Dr. Ing. h.c. F. Porsche AG Accounts Receivable Related Terms

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Dr. Ing. h.c. F. Porsche AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dr. Ing. h.c. F. Porsche AG (MIL:1PORS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

DRPRY:USA DRPRF:USA 09II:UK P911d:UK P911:Germany P911:Austria

Address

Porscheplatz 1, Stuttgart, BW, DEU, 70435

Website

https://www.porsche.com

Porsche designs, engineers, and manufactures premium cars synonymous with its racing history heritage, engineering mastery, sporty design, and driving experience. Porsche is uniquely positioned in that its brand is associated with luxury. However, it produces cars on a much larger scale than its superluxury peers. Porsche sold 320,000 vehicles in 2023 at an average price of EUR 127,000. Europe, North America, mainland China including Hong Kong, and the rest of the world accounted for 34%, 30%, 24%, and 14% of revenue in 2023, respectively. Ninety-two percent of revenue is generated from the sale of cars and related services, with the remainder from its captive finance arm. Porsche's equity is tightly held with Volkswagen owning 75.4% and Porsche SE (the Porsche/Piëch family) owning 12.5%.

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