SAV-Rahoitus Oyj (OHEL:SAV1V) Accounts Receivable : €3.87 Mil (As of Jun. 2014)

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What is SAV-Rahoitus Oyj Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SAV-Rahoitus Oyj's accounts receivables for the quarter that ended in Jun. 2014 was €3.87 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SAV-Rahoitus Oyj's Days Sales Outstanding for the quarter that ended in Jun. 2014 was 222.40.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SAV-Rahoitus Oyj's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was €-0.75.

SAV-Rahoitus Oyj Accounts Receivable Historical Data

The historical data trend for SAV-Rahoitus Oyj'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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SAV-Rahoitus Oyj Accounts Receivable Chart

SAV-Rahoitus Oyj Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Accounts Receivable

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9.74

9.01

6.21

4.85

3.87

SAV-Rahoitus Oyj Semi-Annual Data
	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Accounts Receivable	Get a 7-Day Free Trial			9.74	9.01	6.21	4.85	3.87

SAV-Rahoitus Oyj Accounts Receivable Calculation

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

SAV-Rahoitus Oyj 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.

SAV-Rahoitus Oyj's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.874	/	3.179	*	91
=	222.40

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

SAV-Rahoitus Oyj's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=	(0.003	+	0.75 * 3.874	+	0.5 * 0.054	-	4.62
-	0	-	0)	/	2.25146
=	-0.75

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.

SAV-Rahoitus Oyj Accounts Receivable Related Terms

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SAV-Rahoitus Oyj (OHEL:SAV1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SAV-Rahoitus Oyj (OHEL:SAV1V) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.sav-rahoitus.fi

Savoy-Pankki Oyj is engaged in providing a loan against the vehicle for private individuals. It offers financing solution for consumers directly or indirectly through vehicle resellers.

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