Speed Rabbit Pizza (XPAR:MLSRP) Accounts Receivable : €0.58 Mil (As of Dec. 2021)

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What is Speed Rabbit Pizza Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Speed Rabbit Pizza's accounts receivables for the quarter that ended in Dec. 2021 was €0.58 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Speed Rabbit Pizza's Days Sales Outstanding for the quarter that ended in Dec. 2021 was 143.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Speed Rabbit Pizza's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was €-5.19.

Speed Rabbit Pizza Accounts Receivable Historical Data

The historical data trend for Speed Rabbit Pizza'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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Speed Rabbit Pizza Accounts Receivable Chart

Speed Rabbit Pizza Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

1.11

1.01

0.87

0.73

0.58

Speed Rabbit Pizza Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21
Accounts Receivable	1.11	1.01	0.87	0.73	0.58

Speed Rabbit Pizza Accounts Receivable Calculation

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

Speed Rabbit Pizza 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.

Speed Rabbit Pizza's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.584	/	0.741	*	91
=	143.83

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

Speed Rabbit Pizza's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 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)
=	(0.024	+	0.75 * 0.584	+	0.5 * 0	-	9.346
-	0	-	0)	/	1.71052
=	-5.19

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.

Speed Rabbit Pizza Accounts Receivable Related Terms

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Speed Rabbit Pizza (XPAR:MLSRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Speed Rabbit Pizza SA (XPAR:MLSRP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

72 rue Jules Guesde, Levallois-Perret, FRA, 92695

Website

http://www.speedrabbitpizza.com

Speed Rabbit Pizza SA is a pizza home delivery company. The Company is engaged in management, promotion, running and development of a network of franchises and also in running Company-owned stores belonging to the Company's subsidiaries. Its products include salads, pizzas, starters, desserts, drinks among others.

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