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Move About Group AB (OSTO:MOV) Accounts Receivable : kr5.64 Mil (As of Jun. 2024)


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What is Move About Group AB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Move About Group AB's accounts receivables for the quarter that ended in Jun. 2024 was kr5.64 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Move About Group AB's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 32,165.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Move About Group AB's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was kr-0.84.


Move About Group AB Accounts Receivable Historical Data

The historical data trend for Move About Group AB'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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Move About Group AB Accounts Receivable Chart

Move About Group AB Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- 19.73 12.46 1.55

Move About Group AB Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.59 20.95 1.55 5.64 5.64

Move About Group AB Accounts Receivable Calculation

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


Move About Group AB 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.

Move About Group AB's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=5.64/0.016*91
=32,165.63

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

Move About Group AB'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)
=(-0.069+0.75 * 5.64+0.5 * 0-90.632
-0-0.202)/103.660
=-0.84

* 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.


Move About Group AB Accounts Receivable Related Terms

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Move About Group AB Business Description

Traded in Other Exchanges
N/A
Address
Magasinsgatan 22, Sverige, Goteborg, SWE, 411 18
Move About Group AB offers app-based, environmentally friendly and cost-effective mobility solutions to both private individuals and companies, municipalities and organizations. The company has developed and owns all intellectual property rights to its cloud-based Greentech platform that provides digital access to electric cars, electric bicycles, taxis, subways and parking through one and the same application around the clock.