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Bait Ve Gag Real Estate Development (XTAE:BVGG) Accounts Receivable : ₪41.5 Mil (As of Dec. 2023)


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What is Bait Ve Gag Real Estate Development Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bait Ve Gag Real Estate Development's accounts receivables for the quarter that ended in Dec. 2023 was ₪41.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bait Ve Gag Real Estate Development's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 145.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bait Ve Gag Real Estate Development's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₪-0.08.


Bait Ve Gag Real Estate Development Accounts Receivable Historical Data

The historical data trend for Bait Ve Gag Real Estate Development'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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Bait Ve Gag Real Estate Development Accounts Receivable Chart

Bait Ve Gag Real Estate Development Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- 35.67 39.99 41.53

Bait Ve Gag Real Estate Development Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial 35.67 24.26 39.99 44.11 41.53

Bait Ve Gag Real Estate Development Accounts Receivable Calculation

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


Bait Ve Gag Real Estate Development 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.

Bait Ve Gag Real Estate Development's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=41.534/52.112*91
=145.46

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

Bait Ve Gag Real Estate Development'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)
=(33.897+0.75 * 41.534+0.5 * 91.935-114.484
-0-0.919)/55.0261
=-0.08

* 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.


Bait Ve Gag Real Estate Development Accounts Receivable Related Terms

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Bait Ve Gag Real Estate Development (XTAE:BVGG) Business Description

Traded in Other Exchanges
N/A
Address
17A, Abba Hillel street, Ramat Gan, ISR, 6971026
Bait Ve Gag Real Estate Development Ltd is engaged in the planning, initiation, and execution of real estate projects comprising mainly urban renewal.

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