Boewe Systec AG (STU:BSY) Accounts Receivable : €82.1 Mil (As of Dec. 2008)

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

What is Boewe Systec AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Boewe Systec AG's accounts receivables for the quarter that ended in Dec. 2008 was €82.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Boewe Systec AG's Days Sales Outstanding for the quarter that ended in Dec. 2008 was 33.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Boewe Systec AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2008 was €-47.80.

Boewe Systec AG Accounts Receivable Historical Data

The historical data trend for Boewe Systec AG'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.

Boewe Systec AG Accounts Receivable Chart

Boewe Systec AG Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Accounts Receivable

Get a 7-Day Free Trial

61.49

86.77

95.40

82.06

Boewe Systec AG Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08
Accounts Receivable	Get a 7-Day Free Trial			61.49	86.77	-	95.40	82.06

Boewe Systec AG Accounts Receivable Calculation

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

Boewe Systec AG 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.

Boewe Systec AG's Days Sales Outstanding for the quarter that ended in Dec. 2008 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	82.057	/	450.236	*	91
=	33.26

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

Boewe Systec AG's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2008 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)
=	(7.746	+	0.75 * 82.057	+	0.5 * 103.606	-	436.589
-	0	-	0)	/	6.6
=	-47.80

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.

Boewe Systec AG Accounts Receivable Related Terms

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

Boewe Systec AG (STU:BSY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Boewe Systec AG (STU:BSY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Werner-von-Siemens-Street 1, Augsburg, DEU, 86159

Website

http://www.boewe-systec.de

Boewe Systec AG is a solutions provider for printing and mail processing centres. The company manufactures and markets inserting systems. It also offers card mailing systems, letter and flats sorting, intralogistics and reading technologies in the field of document processing. It provides services to classic transactional or direct mail applications, modern mail processing centers, intralogistics or serialization in the pharmaceutical industry.