El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Accounts Receivable : ₪125.5 Mil (As of Sep. 2023)

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What is El-Mor Electric Installation & Services (1986) Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. El-Mor Electric Installation & Services (1986)'s accounts receivables for the quarter that ended in Sep. 2023 was ₪125.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. El-Mor Electric Installation & Services (1986)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 was 65.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. El-Mor Electric Installation & Services (1986)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₪-4.05.

El-Mor Electric Installation & Services (1986) Accounts Receivable Historical Data

The historical data trend for El-Mor Electric Installation & Services (1986)'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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El-Mor Electric Installation & Services (1986) Accounts Receivable Chart

El-Mor Electric Installation & Services (1986) Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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75.22

75.24

85.26

84.88

105.92

El-Mor Electric Installation & Services (1986) Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial								-	105.92	68.91	119.80	125.46

El-Mor Electric Installation & Services (1986) Accounts Receivable Calculation

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

El-Mor Electric Installation & Services (1986) 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.

El-Mor Electric Installation & Services (1986)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	125.461	/	173.723	*	91
=	65.90

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), El-Mor Electric Installation & Services (1986)'s accounts receivable are only considered to be worth 75% of book value:

El-Mor Electric Installation & Services (1986)'s Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(56.394	+	0.75 * 125.461	+	0.5 * 8.705	-	298.098
-	0	-	0)	/	35.369
=	-4.05

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.

El-Mor Electric Installation & Services (1986) Accounts Receivable Related Terms

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El-Mor Electric Installation & Services (1986) (XTAE:ELMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » El-Mor Electric Installation & Services (1986) Ltd (XTAE:ELMR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

22 Hotzot Haytozer Street, Ashkelon, ISR

Website

http://www.el-mor.co.il

El-Mor Electric Installation & Services (1986) Ltd builds electricity projects and deals in energy, infrastructure and communications sectors through subsidiaries.It has branches in Lod, Kfar Saba and Ashkelon. It has electricity and air-conditioning projects in a variety of fields such as power plants, renewable and solar energy, industry, telecom, high-tech, commercial and public buildings, military and defense facilities, electrical and telecom infrastructure, and street lighting.

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