Adventure SpA (MIL:ADV) Accounts Receivable : €1.85 Mil (As of Dec. 2023)

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What is Adventure SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Adventure SpA's accounts receivables for the quarter that ended in Dec. 2023 was €1.85 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. Adventure SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.16.

Adventure SpA Accounts Receivable Historical Data

The historical data trend for Adventure SpA'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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Adventure SpA Accounts Receivable Chart

Adventure SpA Annual Data

Trend

Dec22

Dec23

Accounts Receivable

0.76

1.85

Adventure SpA Semi-Annual Data
	Dec22	Dec23	Jun24
Accounts Receivable	0.76	1.85	-

Adventure SpA Accounts Receivable Calculation

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

Adventure SpA 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.

Adventure SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.85	/	0	*	91
=

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

Adventure SpA'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)
=	(1.882	+	0.75 * 1.85	+	0.5 * 0	-	4.385
-	0	-	0)	/	7.000
=	-0.16

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.

Adventure SpA Accounts Receivable Related Terms

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Adventure SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adventure SpA (MIL:ADV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Bertola 2, Torino, ITA, IT-10121

Website

https://www.adventurespa.it

Adventure SpA operates as an online rate comparison platform. The company is engaged in providing carious services that includes lead generation solutions, Advertising solutions, Web development solutions, operational efficiency improvement, and others. The core business of the company is through the portal ameconviene.it a website dedicated to providing consumers with in-depth and up-to-date services and information on tracking the value for its finances, with a focus on home savings, investments, and smart financial choices.