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Close Brothers Group (STU:CS3) Accounts Receivable : €0 Mil (As of Jul. 2024)


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What is Close Brothers Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Close Brothers Group's accounts receivables for the quarter that ended in Jul. 2024 was €0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Close Brothers Group's Days Sales Outstanding for the quarter that ended in Jul. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Close Brothers Group's Net-Net Working Capital per share for the quarter that ended in Jul. 2024 was €-84.01.


Close Brothers Group Accounts Receivable Historical Data

The historical data trend for Close Brothers Group'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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Close Brothers Group Accounts Receivable Chart

Close Brothers Group Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Accounts Receivable
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Close Brothers Group Semi-Annual Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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Close Brothers Group Accounts Receivable Calculation

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


Close Brothers Group 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.

Close Brothers Group's Days Sales Outstanding for the quarter that ended in Jul. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/609.683*91
=0.00

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

Close Brothers Group's Net-Net Working Capital Per Share for the quarter that ended in Jul. 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)
=(1879.598+0.75 * 0+0.5 * 0-14522.153
-0-0)/150.488
=-84.01

* 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.


Close Brothers Group Accounts Receivable Related Terms

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Close Brothers Group Business Description

Traded in Other Exchanges
Address
10 Crown Place, London, GBR, EC2A 4FT
Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. The operating segments of the company are Commercial, Retail, Property, Asset Management, and Securities. The company derives the maximum of its income from the Commercial segment.

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