PMLAY (Parmalat SpA) Accounts Receivable : $697 Mil (As of Jun. 2018)

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What is Parmalat SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Parmalat SpA's accounts receivables for the quarter that ended in Jun. 2018 was $697 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Parmalat SpA's Days Sales Outstanding for the quarter that ended in Jun. 2018 was 35.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Parmalat SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was $-0.32.

Parmalat SpA Accounts Receivable Historical Data

The historical data trend for Parmalat 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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Parmalat SpA Accounts Receivable Chart

Parmalat SpA Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Receivable

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602.60

600.49

588.13

665.82

725.09

Parmalat SpA Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Accounts Receivable	Get a 7-Day Free Trial															671.24	665.82	650.67	725.09	697.43

Parmalat SpA Accounts Receivable Calculation

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

Parmalat 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.

Parmalat SpA's Days Sales Outstanding for the quarter that ended in Jun. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	697.43	/	3550.584	*	91
=	35.85

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

Parmalat SpA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 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)
=	(641.005	+	0.75 * 697.43	+	0.5 * 821.028	-	2139.486
-	0	-	19.743)	/	1853.1
=	-0.32

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.

Parmalat SpA Accounts Receivable Related Terms

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Parmalat SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Parmalat SpA (GREY:PMLAY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Via delle Nazioni Unite 4, Collecchio, ITA, 43044

Website

http://www.parmalat.com

Parmalat SpA primarily produces, markets, and distributes milk products and fruit-based drinks under a number of brand names such as Bern, Lactis, Gold, and Solac. The company's products are categorised into milk products such as fresh milk, milk powders, condensed milk and cream; cheese and other fresh products such as yogurt, desserts, and butter; and fruit beverages such as juices, nectars, and tea. The milk sales contribute the majority of the total revenue. Parmalat has operations throughout the world with five geographic operating segments: Europe, North America, Latin America, Africa, and Oceania. Among all the countries in which the firm operates, Italy contributes the vast majority of total sales.

Parmalat SpA Headlines

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