Steinhoff International Holdings NV (XSWX:SNH) Accounts Receivable : CHF21 Mil (As of Mar. 2023)

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What is Steinhoff International Holdings NV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Steinhoff International Holdings NV's accounts receivables for the quarter that ended in Mar. 2023 was CHF21 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Steinhoff International Holdings NV's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 6.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Steinhoff International Holdings NV's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was CHF-2.43.

Steinhoff International Holdings NV Accounts Receivable Historical Data

The historical data trend for Steinhoff International Holdings 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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Steinhoff International Holdings NV Accounts Receivable Chart

Steinhoff International Holdings NV Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Accounts Receivable

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199.99

152.74

106.68

106.39

104.08

Steinhoff International Holdings NV Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Accounts Receivable	Get a 7-Day Free Trial															685.17	106.39	903.81	104.08	20.81

Steinhoff International Holdings NV Accounts Receivable Calculation

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

Steinhoff International Holdings 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.

Steinhoff International Holdings NV's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.809	/	601.476	*	91
=	6.31

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

Steinhoff International Holdings NV'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)
=	(487.522	+	0.75 * 20.809	+	0.5 * 0	-	10728.467
-	0	-	71.345)	/	4229.42
=	-2.43

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.

Steinhoff International Holdings NV Accounts Receivable Related Terms

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Steinhoff International Holdings NV (XSWX:SNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Steinhoff International Holdings NV (XSWX:SNH) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Cnr Adam Tas and Devon Valley Road, Building B2, Vineyard Office Park, Stellenbosch, WC, ZAF, 7600

Website

https://www.steinhoffinternational.com

Steinhoff International Holdings NV is a global holding company with investments in retail businesses in Africa, Australasia, Europe, the United Kingdom, and the United States. The company's four business segments include Pepco Group, Greenlit Brands, Pepkor Holdings, and Group services. The majority of the revenue comes from both Pepco Group and Pepkor Holdings. Pepco Group consists of the general merchandise retail business of Pepco and Poundland. Pepkor Holdings includes retail chains predominantly selling clothing, footwear, textiles, cell phones, airtime, and fast-moving consumer goods, with its revenue mainly derived from South Africa. The holding company operates globally, with the majority of sales coming from Africa and Europe.

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