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ZEAL Network SE (XTER:TIMA) Accounts Receivable : €2.5 Mil (As of Mar. 2024)


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What is ZEAL Network SE Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ZEAL Network SE's accounts receivables for the quarter that ended in Mar. 2024 was €2.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ZEAL Network SE's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 6.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ZEAL Network SE's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-2.11.


ZEAL Network SE Accounts Receivable Historical Data

The historical data trend for ZEAL Network SE'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.

* Premium members only.

ZEAL Network SE Accounts Receivable Chart

ZEAL Network SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 12.78 24.36 13.70 24.72

ZEAL Network SE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.61 2.32 2.64 24.72 2.52

ZEAL Network SE Accounts Receivable Calculation

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


ZEAL Network SE 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.

ZEAL Network SE's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.524/36.1*91
=6.38

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

ZEAL Network SE's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(97.709+0.75 * 2.524+0.5 * 0-139.83
-0-5.544)/21.6572
=-2.11

* 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.


ZEAL Network SE Accounts Receivable Related Terms

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ZEAL Network SE (XTER:TIMA) Business Description

Traded in Other Exchanges
Address
Strassenbahnring 11, Hamburg, NI, DEU, 20251
ZEAL Network SE is a holding company specialized in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The Germany operating segment comprises the results of the online lottery brokerage business and the Group's charity lotteries in Germany. The Other segment comprises the online lottery operation for the charitable org ONCE in Spain and investment in early-stage start-ups under Zeal ventures. The majority of revenue is derived from the Germany segment.
Executives
Sönke Martens Board of Directors
Dr. Helmut Wilhelm Becker Board of Directors
Jonas Mattsson Board of Directors
Peter Steiner Supervisory Board
Frank Strauß Supervisory Board
Oliver Jaster Supervisory Board

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