Danieli & C. Officine Meccaniche SpA (STU:DAS) Accounts Receivable : €1,068 Mil (As of Jun. 2024)

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What is Danieli & C. Officine Meccaniche SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Danieli & C. Officine Meccaniche SpA's accounts receivables for the quarter that ended in Jun. 2024 was €1,068 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Danieli & C. Officine Meccaniche SpA's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 85.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Danieli & C. Officine Meccaniche SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-14.30.

Danieli & C. Officine Meccaniche SpA Accounts Receivable Historical Data

The historical data trend for Danieli & C. Officine Meccaniche 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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Danieli & C. Officine Meccaniche SpA Accounts Receivable Chart

Danieli & C. Officine Meccaniche SpA Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

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934.51

843.59

1,110.04

1,101.97

1,068.28

Danieli & C. Officine Meccaniche SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial															1,110.04	988.87	1,101.97	1,107.83	1,068.28

Danieli & C. Officine Meccaniche SpA Accounts Receivable Calculation

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

Danieli & C. Officine Meccaniche 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.

Danieli & C. Officine Meccaniche SpA's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1068.276	/	2277.166	*	91
=	85.62

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

Danieli & C. Officine Meccaniche SpA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(2624.022	+	0.75 * 1068.276	+	0.5 * 765.653	-	4864.955
-	0	-	1.599)	/	74.0175
=	-14.30

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.

Danieli & C. Officine Meccaniche SpA Accounts Receivable Related Terms

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Danieli & C. Officine Meccaniche SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Danieli & C. Officine Meccaniche SpA (STU:DAS) » Definitions » Accounts Receivable

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Traded in Other Exchanges

DANR:Italy DAN:Italy DANRm:UK DANm:UK 0N4I:UK 0APM:UK

Address

Via Nazionale 41, Buttrio, Udine, ITA, 33042

Website

https://www.danieli.com

Danieli & C. Officine Meccaniche SpA is an Italy-based company that is engaged in manufacturing and distribution of steel and other nonferrous metal products as well as plant building. The company operates through two segments, namely steelmaking and plant making. The Steelmaking segment manufactures ingots, forged bars, blooms, rolled bars, bar in coils and others. End customers primarily come from the mechanical, automotive, oil & gas, power generation and other sectors. The Plant Making segment designs and builds mines, pellet production plants, furnaces, rolling mills and other various plants and facilities. The company has a global presence, with Europe, Middle East and Far East being the three largest markets for the company.

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