Grounds Real Estate Development AG (XTER:AMMN) Accounts Receivable : €1.35 Mil (As of Jun. 2024)

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What is Grounds Real Estate Development AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grounds Real Estate Development AG's accounts receivables for the quarter that ended in Jun. 2024 was €1.35 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grounds Real Estate Development AG's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 28.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grounds Real Estate Development AG's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-4.41.

Grounds Real Estate Development AG Accounts Receivable Historical Data

The historical data trend for Grounds Real Estate Development AG'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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Grounds Real Estate Development AG Accounts Receivable Chart

Grounds Real Estate Development AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.15

0.14

2.72

1.82

2.57

Grounds Real Estate Development AG Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial														3.89	1.82	4.11	2.57	1.35

Grounds Real Estate Development AG Accounts Receivable Calculation

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

Grounds Real Estate Development AG 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.

Grounds Real Estate Development AG's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.345	/	8.71	*	91
=	28.18

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

Grounds Real Estate Development AG's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=	(1.292	+	0.75 * 1.345	+	0.5 * 89.945	-	122.653
-	0	-	3.144)	/	17.8055
=	-4.41

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.

Grounds Real Estate Development AG Accounts Receivable Related Terms

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Grounds Real Estate Development AG Business Description

Industry

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AMMN:Germany

Address

Charlottenstrasse 79-80, Berlin, BB, DEU, 10117

Website

https://www.thegroundsag.com

Grounds Real Estate Development AG carries out housing projects in German metropolitan regions and urban areas. Its business activities cover three core areas such as the company is planning to establish its property portfolio for long-term rental income, which is referred to as the portfolio management business. They also aim to develop the existing properties and sell them as part-ownership, known as the privatization business. Additionally, they plan to construct new housing and sell it to institutional investors, capital investors, and owner-occupiers. This is referred to as the project development business. The group's primary sources of income are the construction work on project developments, privatization income and rental income from existing properties.

Executives

Armin Hofmann	Supervisory Board
Eric Mozanowski	Supervisory Board

Grounds Real Estate Development AG Headlines

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