Clevon AS (OTSE:CLEV) Accounts Receivable : €0.02 Mil (As of Jun. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Clevon AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Clevon AS's accounts receivables for the quarter that ended in Jun. 2023 was €0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Clevon AS's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 67.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Clevon AS's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-0.11.

Clevon AS Accounts Receivable Historical Data

The historical data trend for Clevon AS'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.

* Premium members only.

Clevon AS Accounts Receivable Chart

Clevon AS Annual Data

Trend

Dec22

Accounts Receivable

0.09

Clevon AS Semi-Annual Data
	Dec22	Jun23
Accounts Receivable	0.09	0.02

Clevon AS Accounts Receivable Calculation

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

Clevon AS 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.

Clevon AS's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.023	/	0.062	*	91
=	67.70

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

Clevon AS's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.097	+	0.75 * 0.023	+	0.5 * 0.271	-	3.448
-	0	-	0)	/	29.6978
=	-0.11

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.

Clevon AS Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Clevon AS's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.