Azorean-Aquatic Technologies (XPAR:MLAAT) Accounts Receivable : €0.02 Mil (As of Dec. 2019)

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What is Azorean-Aquatic Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Azorean-Aquatic Technologies's accounts receivables for the quarter that ended in Dec. 2019 was €0.02 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. Azorean-Aquatic Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was €N/A.

Azorean-Aquatic Technologies Accounts Receivable Historical Data

The historical data trend for Azorean-Aquatic Technologies'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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Azorean-Aquatic Technologies Accounts Receivable Chart

Azorean-Aquatic Technologies Annual Data

Trend

Dec18

Dec19

Accounts Receivable

0.02

Azorean-Aquatic Technologies Semi-Annual Data
	Dec18	Dec19
Accounts Receivable	0.02	0.02

Azorean-Aquatic Technologies Accounts Receivable Calculation

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

Azorean-Aquatic Technologies 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.

Azorean-Aquatic Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.02	/	0	*	91
=

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

Azorean-Aquatic Technologies's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 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)
=	(0.004	+	0.75 * 0.02	+	0.5 * 0	-	0.373
-	0	-	0)	/	0
=	N/A

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.

Azorean-Aquatic Technologies Accounts Receivable Related Terms

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Azorean-Aquatic Technologies (XPAR:MLAAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azorean-Aquatic Technologies SA (XPAR:MLAAT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua da Pranchinha N 92, Ponta Delgada, PRT, 9500-331

Website

https://www.azorean.eu

Azorean-Aquatic Technologies SA provides solutions to produce instruments and autonomous robots for different market segments from leisure to business and scientific exploration. Its product includes Ziphius, an aquatic civilian drone for the general public, controlled by Wi-Fi via smartphone or tablet PC, able to move at a speed of up to 10 kph and capable of taking and sharing photos and videos.

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