Next Geosolutions Europe SpA (MIL:NXT) Accounts Receivable : €41.2 Mil (As of Jun. 2024)

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What is Next Geosolutions Europe SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Next Geosolutions Europe SpA's accounts receivables for the quarter that ended in Jun. 2024 was €41.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Next Geosolutions Europe SpA's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 39.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Next Geosolutions Europe SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-0.27.

Next Geosolutions Europe SpA Accounts Receivable Historical Data

The historical data trend for Next Geosolutions Europe 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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Next Geosolutions Europe SpA Accounts Receivable Chart

Next Geosolutions Europe SpA Annual Data

Trend

Dec22

Dec23

Dec24

Accounts Receivable

19.86

39.56

35.04

Next Geosolutions Europe SpA Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	19.86	-	39.56	41.21	35.04

Next Geosolutions Europe SpA Accounts Receivable Calculation

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

Next Geosolutions Europe 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.

Next Geosolutions Europe SpA's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	41.212	/	190.789	*	91
=	39.42

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

Next Geosolutions Europe SpA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=	(27.244	+	0.75 * 41.212	+	0.5 * 34.341	-	88.336
-	0	-	0.079)	/	48.000
=	-0.27

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.

Next Geosolutions Europe SpA Accounts Receivable Related Terms

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Next Geosolutions Europe SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Next Geosolutions Europe SpA (MIL:NXT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

LV8:Germany

Address

Via S.Brigida, 39, Napoli, ITA, 80133

Website

https://www.nextgeo.eu

Next Geosolutions Europe SpA operates in the underwater survey sector, offering marine geoscience services to support the engineering and construction of infrastructures in the EMEA market in favor of companies operating mainly in the sectors of submarine electrical cables and energy renewables (in particular, wind energy) and, to a lesser extent, in the sector Offshore Oil&Gas. The Group operates in different geographical areas; in particular: in the area of the Mediterranean Sea, with particular reference to the area of the Eastern Mediterranean, the Baltic Sea, the North Sea, and the Eastern Atlantic Ocean.