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Neon Equity AG (XTER:D77) Accounts Receivable : €0.02 Mil (As of Dec. 2023)


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What is Neon Equity AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Neon Equity AG's accounts receivables for the quarter that ended in Dec. 2023 was €0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Neon Equity AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Neon Equity AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.52.


Neon Equity AG Accounts Receivable Historical Data

The historical data trend for Neon Equity 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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Neon Equity AG Accounts Receivable Chart

Neon Equity AG Annual Data
Trend Dec22 Dec23
Accounts Receivable
0.12 0.02

Neon Equity AG Semi-Annual Data
Dec22 Dec23
Accounts Receivable 0.12 0.02

Neon Equity AG Accounts Receivable Calculation

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


Neon Equity 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.

Neon Equity AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.021/4.216*91
=0.91

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

Neon Equity AG'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)
=(2.199+0.75 * 0.021+0.5 * 0-25.009
-0-0)/44.0551
=-0.52

* 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.


Neon Equity AG Accounts Receivable Related Terms

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Neon Equity AG Business Description

Traded in Other Exchanges
Address
Morfelder Landstrasse 277, Frankfurt am Main, HE, DEU, 60598
Neon Equity AG is a founder-managed investor and growth enabler company. Its investment focus is on European companies from the real estate, consulting and technology sectors which have growth and capital market potential as well as an ESG-compliant business model. It also advises portfolio companies on the implementation of their capital market and growth strategies.
Executives
Thomas Olek Board of Directors
Herr Ole Nixdorff Board of Directors

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