Rigsave SpA (XTER:H68) Accounts Receivable : €0.26 Mil (As of Dec. 2023)

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What is Rigsave SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Rigsave SpA's accounts receivables for the quarter that ended in Dec. 2023 was €0.26 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Rigsave SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 52.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Rigsave SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-4.99.

Rigsave SpA Accounts Receivable Historical Data

The historical data trend for Rigsave SpA'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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Rigsave SpA Accounts Receivable Chart

Rigsave SpA Annual Data

Trend

Dec22

Dec23

Accounts Receivable

0.63

0.26

Rigsave SpA Semi-Annual Data
	Dec22	Dec23
Accounts Receivable	0.63	0.26

Rigsave SpA Accounts Receivable Calculation

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

Rigsave SpA 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.

Rigsave SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.256	/	0.895	*	91
=	52.20

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

Rigsave SpA'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)
=	(0.026	+	0.75 * 0.256	+	0.5 * 0	-	13.124
-	0	-	0.03)	/	2.593
=	-4.99

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.

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Rigsave SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Rigsave SpA (XTER:H68) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corso Giuseppe Zanardelli, 38, Brescia, ITA, 25121

Website

https://www.rigsave.com

Rigsave SpA is engaged in providing consulting and portfolio management services and to act as a distribution partner in the sale of structured products by its customers.

Executives

Mr. Salvatore Gervasi	Board of Directors
Mr. Michele Basilicata	Board of Directors
Mr. Andrea Polzot	CFO
Mr. Giovanni Gervasi	member of the investment committee, portfolio manager and investment advisor at Rigsave Capital Ltd

Rigsave SpA Headlines

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