Ecomembrane SpA (MIL:ECMB) Accounts Receivable : €5.97 Mil (As of Dec. 2023)

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What is Ecomembrane SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ecomembrane SpA's accounts receivables for the quarter that ended in Dec. 2023 was €5.97 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ecomembrane SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 99.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ecomembrane SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €1.03.

Ecomembrane SpA Accounts Receivable Historical Data

The historical data trend for Ecomembrane 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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Ecomembrane SpA Accounts Receivable Chart

Ecomembrane SpA Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

3.04

3.24

5.97

Ecomembrane SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Accounts Receivable	3.04	3.24	3.52	5.97

Ecomembrane SpA Accounts Receivable Calculation

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

Ecomembrane 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.

Ecomembrane 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
=	5.974	/	10.962	*	91
=	99.46

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

Ecomembrane 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)
=	(7.476	+	0.75 * 5.974	+	0.5 * 4.011	-	9.555
-	0	-	0)	/	4.29412
=	1.03

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.

Ecomembrane SpA Accounts Receivable Related Terms

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Ecomembrane SpA (MIL:ECMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecomembrane SpA (MIL:ECMB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030

Website

https://www.ecomembrane.com

Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

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