Aeffe SpA (MIL:AEF) Accounts Receivable : €56.1 Mil (As of Dec. 2023)

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What is Aeffe SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aeffe SpA's accounts receivables for the quarter that ended in Dec. 2023 was €56.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Aeffe SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 74.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aeffe SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €N/A.

Aeffe SpA Accounts Receivable Historical Data

The historical data trend for Aeffe 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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Aeffe SpA Accounts Receivable Chart

Aeffe SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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41.53

39.10

50.03

62.85

56.12

Aeffe SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															77.12	55.54	70.07	56.12	-

Aeffe SpA Accounts Receivable Calculation

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

Aeffe 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.

Aeffe 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
=	56.122	/	69.143	*	91
=	74.07

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

Aeffe 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)
=	(0	+	0.75 * 56.122	+	0.5 * 112.25	-	N/A
-	0	-	0.145)	/	98.425
=	N/A

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.

Aeffe SpA Accounts Receivable Related Terms

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Aeffe SpA (MIL:AEF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aeffe SpA (MIL:AEF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

3A1:Germany

Address

Via Delle Querce, 51, San Giovanni in Marignano, Rimini, ITA, 47842

Website

https://www.aeffe.com

Aeffe SpA is an Italian company engaged in the designing, production, and distribution of fashion and luxury goods. The business activity of the firm is operated through two segments. The Pret-a Porter segment is engaged in the development of luxury ready-to-wear clothing and lingerie, beachwear, and loungewear collections. The Footwear and leather goods segment handles footwear, small leather goods, bags, and matching accessories made from exclusive materials. The products are offered under the brands like Alberta Ferretti, Philosophy, Moschino, and Pollini. Its geographical segments are Italy, Europe (excluding Italy), Asia and the rest of the world, and America.