Haffner Energy (XPAR:ALHAF) Accounts Receivable : €1.00 Mil (As of Sep. 2023)

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What is Haffner Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Haffner Energy's accounts receivables for the quarter that ended in Sep. 2023 was €1.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Haffner Energy's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €0.17.

Haffner Energy Accounts Receivable Historical Data

The historical data trend for Haffner Energy'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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Haffner Energy Accounts Receivable Chart

Haffner Energy Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Accounts Receivable

2.09

0.59

0.99

0.65

Haffner Energy Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial			0.36	0.65	0.76	0.09	1.00

Haffner Energy Accounts Receivable Calculation

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

Haffner Energy 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.

Haffner Energy's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.003	/	-0.325	*	91
=

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

Haffner Energy's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(21.007	+	0.75 * 1.003	+	0.5 * 6.422	-	17.22
-	0	-	0)	/	44.6264
=	0.17

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.

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Haffner Energy (XPAR:ALHAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Haffner Energy SA (XPAR:ALHAF) » Definitions » Accounts Receivable

Traded in Other Exchanges

X1B:Germany

Address

2 place de la Gare, Parc de l'Angevinière, Vitry-le-François, FRA, 51300

Website

https://www.haffner-energy.com

Haffner Energy SA is the designer and builder of HYNOCA, a disruptive carbon-negative solution for producing competitive renewable hydrogen.

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