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Pet Service Holding NV (XPAR:MLPET) Accounts Receivable : €0.01 Mil (As of Dec. 2023)


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What is Pet Service Holding NV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pet Service Holding NV's accounts receivables for the quarter that ended in Dec. 2023 was €0.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pet Service Holding NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 1.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pet Service Holding NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.56.

Pet Service Holding NV Accounts Receivable Historical Data

The historical data trend for Pet Service Holding NV'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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Pet Service Holding NV Accounts Receivable Chart

Pet Service Holding NV Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- 0.02 0.03 0.05 0.01

Pet Service Holding NV Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable - 0.02 0.03 0.05 0.01

Pet Service Holding NV Accounts Receivable Calculation

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

Pet Service Holding NV 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.

Pet Service Holding NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.007/1.208*91
=1.06

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

Pet Service Holding NV'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)
=(0.137+0.75 * 0.007+0.5 * 0.111-1.452
-0-0)/2.25
=-0.56

* 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.

Pet Service Holding NV Accounts Receivable Related Terms

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Pet Service Holding NV (XPAR:MLPET) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pet Service Holding NV (XPAR:MLPET) » Definitions » Accounts Receivable
Comparable Companies
XPAR:ALSPT XPAR:ALVAP AMZN BABA PDD HKSE:03690 MELI JD CPNG SE EBAY TSE:4689 BOM:543320 CHWY TSE:4755 VIPS WAR:ALE ETSY CART XTER:DHER
Traded in Other Exchanges
N/A
Address
Industrieweg 16, Wormerveer, NLD, 1521
Website
https://www.petserviceholding.com
Pet Service Holding NV is a European provider of products and services for pets and pet owners. The company specializes in the online sale of medicines, food products, and accessories for pets. The Group operates the following online shops: Dierenapotheek.nl and Drpetcare and sells OTC Medicines for pets. The company also offers PetApp which is a smartphone application that provides users with access to an online pet supply store, storage solutions for data relating to pets, and the option to receive news and information about pet events. The Group is also actively developing a tracker for pets (the PetTracker) and intends to integrate the tracking option into the PetApp.

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