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Hagen Bikes Holding AS (OTSE:HAGEN) Accounts Receivable : €0.01 Mil (As of Jun. 2023)


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What is Hagen Bikes Holding AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hagen Bikes Holding AS's accounts receivables for the quarter that ended in Jun. 2023 was €0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hagen Bikes Holding AS's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 8.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hagen Bikes Holding AS's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-0.07.


Hagen Bikes Holding AS Accounts Receivable Historical Data

The historical data trend for Hagen Bikes Holding 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.

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Hagen Bikes Holding AS Accounts Receivable Chart

Hagen Bikes Holding AS Annual Data
Trend Jan19 Jan20
Accounts Receivable
- -

Hagen Bikes Holding AS Semi-Annual Data
Jan19 Jan20 Jan21 Jun22 Jun23
Accounts Receivable - - 0.04 0.04 0.01

Hagen Bikes Holding AS Accounts Receivable Calculation

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


Hagen Bikes Holding 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.

Hagen Bikes Holding 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
=0.013/0.283*91
=8.38

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

Hagen Bikes Holding 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)
=(0.013+0.75 * 0.013+0.5 * 0.08-0.203
-0-0)/1.89192
=-0.07

* 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.


Hagen Bikes Holding AS Accounts Receivable Related Terms

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Hagen Bikes Holding AS Business Description

Traded in Other Exchanges
N/A
Address
Kopli tee 1/2-5, Peetri Township, Harju County, Rae Parish, EST
Hagen Bikes Holding AS is engaged in the production and development of cargo and box bicycles.

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