Mit Sim SpA (MIL:MTS) Accounts Receivable : €1.22 Mil (As of Dec. 2023)

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What is Mit Sim SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mit Sim SpA's accounts receivables for the quarter that ended in Dec. 2023 was €1.22 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Mit Sim SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 137.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mit Sim SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €0.52.

Mit Sim SpA Accounts Receivable Historical Data

The historical data trend for Mit Sim 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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Mit Sim SpA Accounts Receivable Chart

Mit Sim SpA Annual Data

Trend

Mar19

Mar20

Dec21

Dec22

Dec23

Accounts Receivable

0.05

1.03

1.22

Mit Sim SpA Semi-Annual Data
	Mar19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	-	1.03	1.20	1.22

Mit Sim SpA Accounts Receivable Calculation

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

Mit Sim 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.

Mit Sim 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
=	1.215	/	1.608	*	91
=	137.90

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

Mit Sim 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)
=	(1.606	+	0.75 * 1.215	+	0.5 * 0	-	1.427
-	0	-	0)	/	2.08051
=	0.52

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.

Mit Sim SpA Accounts Receivable Related Terms

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Mit Sim SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mit Sim SpA (MIL:MTS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corso Venezia 16, Serbelloni Palace, Milan, ITA, 20121

Website

https://www.mitsim.it

Mit Sim SpA is involved in Specialist activities, Order Reception and Transmission Activities, Placement Activities, and Euronext Growth Advisor Activities.

Mit Sim SpA Headlines

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