Wiziboat (XPAR:MLWIZ) Accounts Receivable : €0.14 Mil (As of Mar. 2023)

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What is Wiziboat Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wiziboat's accounts receivables for the quarter that ended in Mar. 2023 was €0.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wiziboat's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 28.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wiziboat's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was €-2.96.

Wiziboat Accounts Receivable Historical Data

The historical data trend for Wiziboat'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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Wiziboat Accounts Receivable Chart

Wiziboat Annual Data

Trend

Dec19

Dec20

Mar21

Mar22

Accounts Receivable

0.09

0.18

0.10

Wiziboat Semi-Annual Data
	Dec19	Dec20	Dec21	Mar23
Accounts Receivable	0.09	0.18	0.10	0.14

Wiziboat Accounts Receivable Calculation

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

Wiziboat 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.141	/	0.902	*	91
=	28.53

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

Wiziboat's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(0.003	+	0.75 * 0.141	+	0.5 * 0	-	1.697
-	0	-	0)	/	0.53614
=	-2.96

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.

Wiziboat Accounts Receivable Related Terms

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Wiziboat (XPAR:MLWIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wiziboat SA (XPAR:MLWIZ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

97 Avenue Jean De Lattre de Tassigny, Cannes, FRA, 06400

Website

https://www.wiziboat.com

Wiziboat SA specializes in short-term rentals of shared self-service boats. The company offers an application that enables users to reserve boats in approximately thirty ports in France, to check in and check out remotely, to start the selected boat and even to track it using GPS all throughout the trip.

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