Bytetravel (XMAD:SCBYT) Accounts Receivable : €1.59 Mil (As of Dec. 2023)

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What is Bytetravel Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bytetravel's accounts receivables for the quarter that ended in Dec. 2023 was €1.59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bytetravel's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 34.25.

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

Bytetravel Accounts Receivable Historical Data

The historical data trend for Bytetravel'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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Bytetravel Accounts Receivable Chart

Bytetravel Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.01

0.09

1.59

Bytetravel Semi-Annual Data
	Dec21	Dec22	Dec23
Accounts Receivable	0.01	0.09	1.59

Bytetravel Accounts Receivable Calculation

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

Bytetravel 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.

Bytetravel's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.591	/	8.477	*	91
=	34.25

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

Bytetravel's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(2.38	+	0.75 * 1.591	+	0.5 * 0	-	1.502
-	0	-	0)	/	29.905
=	0.07

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.

Bytetravel Accounts Receivable Related Terms

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Bytetravel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bytetravel SA (XMAD:SCBYT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. de la Via Augusta, 15-25, Building A2, Sant Cugat del Valles, Barcelona, ESP, 08174

Website

https://www.bytetravel.com

Bytetravel SA operates in the traveltech sector offering ancillary services for business and leisure travellers. The first product launched is the management and processing of visas that allow entry into foreign countries. Its main competitive advantage is the massive use of technology that allows saving time in procedures for clients and reducing costs.

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