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Williams Grand Prix Holdings (XTER:WGF1) Accounts Receivable : €17.6 Mil (As of Dec. 2019)


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What is Williams Grand Prix Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Williams Grand Prix Holdings's accounts receivables for the quarter that ended in Dec. 2019 was €17.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Williams Grand Prix Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2019 was 144.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Williams Grand Prix Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was €-3.18.


Williams Grand Prix Holdings Accounts Receivable Historical Data

The historical data trend for Williams Grand Prix Holdings'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.

Williams Grand Prix Holdings Accounts Receivable Chart

Williams Grand Prix Holdings Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.48 40.37 25.73 16.23 17.58

Williams Grand Prix Holdings Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
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 25.73 53.79 16.23 58.21 17.58

Williams Grand Prix Holdings Accounts Receivable Calculation

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


Williams Grand Prix Holdings 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.

Williams Grand Prix Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=17.584/22.178*91
=144.70

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

Williams Grand Prix Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 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)
=(28.643+0.75 * 17.584+0.5 * 5.825-76.537
-0-0)/10
=-3.18

* 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.


Williams Grand Prix Holdings Accounts Receivable Related Terms

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Williams Grand Prix Holdings (XTER:WGF1) Business Description

Traded in Other Exchanges
N/A
Address
Grove, Wantage, Oxfordshire, GBR, OX12 0DQ
Williams Grand Prix Holdings PLC is the United States-based holding company. Its operations include the design, manufacture, and entry of race cars for the Formula One World Championship. Its segments include Formula One and Other. It is involved in sponsorship, commercial rights, and engineering services. The major part of its revenue is derived from Formula One segment.

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