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Defence Tech Holding SpA (MIL:DTH) Accounts Receivable : €16.41 Mil (As of Jun. 2023)


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What is Defence Tech Holding SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Defence Tech Holding SpA's accounts receivables for the quarter that ended in Jun. 2023 was €16.41 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Defence Tech Holding SpA's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 302.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Defence Tech Holding SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €0.37.

Defence Tech Holding SpA Accounts Receivable Historical Data

The historical data trend for Defence Tech Holding 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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Defence Tech Holding SpA Accounts Receivable Chart

Defence Tech Holding SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Accounts Receivable
10.86 8.87 9.88 14.28

Defence Tech Holding SpA Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Accounts Receivable Get a 7-Day Free Trial 10.02 9.88 12.25 14.28 16.41

Defence Tech Holding SpA Accounts Receivable Calculation

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

Defence Tech Holding 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.

Defence Tech Holding SpA's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=16.407/9.903*91
=302.36

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

Defence Tech Holding SpA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(18.435+0.75 * 16.407+0.5 * 0.29-21.539
-0-0)/25.5429
=0.37

* 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.

Defence Tech Holding SpA Accounts Receivable Related Terms

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Defence Tech Holding SpA (MIL:DTH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Defence Tech Holding SpA (MIL:DTH) » Definitions » Accounts Receivable
Comparable Companies
MIL:OS MIL:AVIO MIL:PAG RTX BA LMT XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A HWM SHSE:600760 SHSE:600150 XPAR:AM
Traded in Other Exchanges
65F:Germany
Address
Via Giacomo Peroni, 452, Rome, ITA, 00131
Website
https://www.defencetech.it
Defence Tech Holding SpA operates in the cyber security, big data, intelligence, space and national defense sectors through the design, construction and certification of information management systems.