Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bellini Nautica SpA's accounts receivables for the quarter that ended in Dec. 2025 was €9.34 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Bellini Nautica SpA's Days Sales Outstanding for the quarter that ended in Dec. 2025 was 150.91.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bellini Nautica SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was €-1.12.
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.
Bellini Nautica SpA's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Bellini Nautica SpA's accounts receivable are only considered to be worth 75% of book value:
Bellini Nautica SpA's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 is calculated as:
* 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.
Bellini Nautica SpA Accounts Receivable Related Terms
Bellini Nautica SpA Accounts Receivable Historical Data
* Premium members only.
The historical data trend for Bellini Nautica 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.
What does a Accounts Receivable of €9.34 Mil mean?
Bellini Nautica SpA (MIL:BELL) has a Accounts Receivable of €9.34 Mil as of Dec. 2025. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Bellini Nautica SpA and its competitors.
Is Bellini Nautica SpA's Accounts Receivable too high?
Bellini Nautica SpA's current Accounts Receivable is €9.34 Mil. Overall, Bellini Nautica SpA has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bellini Nautica SpA's Accounts Receivable compare to BC and PII?
Bellini Nautica SpA's Accounts Receivable of €9.34 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Vehicles & Parts company?
A good Accounts Receivable depends on the Vehicles & Parts industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Bellini Nautica SpA and its competitors. Bellini Nautica SpA's current Accounts Receivable is €9.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellini Nautica SpA stock overvalued right now?
Based on GuruFocus' analysis, Bellini Nautica SpA (MIL:BELL) is currently considered Fairly Valued. The stock's GF Value™ is €3.99, compared to a current price of €4.08 — trading 2.3% above its estimated fair value. The current Accounts Receivable is €9.34 Mil. Bellini Nautica SpA's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Bellini Nautica SpA (MIL:BELL), the current Accounts Receivable is €9.34 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bellini Nautica SpA (MIL:BELL) Overvalued in 2026?
Based on GuruFocus' analysis, Bellini Nautica SpA stock appears to be overvalued.
The current stock price of €4.08 is trading 2.3% above its estimated GF Value™ of €3.99.
GuruFocus considers Bellini Nautica SpA to be Fairly Valued.
Key valuation signals for MIL:BELL:
Accounts Receivable: €9.34 Mil
GF Value™: €3.99 vs. price of €4.08 (2.3% above fair value)
No single metric tells the full story. See the MIL:BELL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bellini Nautica SpA offers recreational vehicles. It specializes in the commercialization of high-end pleasure boats, with its offerings spanning different kinds of boats such as the Bellini yachts like B Atelier and Astor 36, and Vintage Riva boats like Florida Shore, Riva Junior, Sebino Shore, and others. The company also offers boat-related maintenance and restoration services.
81GF Score
Get the complete analysis for MIL:BELL
Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:BELL has been successfully added to your 
