Aegean Airlines (Aegean Airlines) Change In Receivables : $-31 Mil (TTM As of Jun. 2023)

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What is Aegean Airlines Change In Receivables?

Aegean Airlines's change in receivables for the quarter that ended in Jun. 2023 was $-91 Mil. It means Aegean Airlines's Accounts Receivable increased by $91 Mil from Dec. 2022 to Jun. 2023 .

Aegean Airlines's change in receivables for the fiscal year that ended in Dec. 2022 was $-3 Mil. It means Aegean Airlines's Accounts Receivable increased by $3 Mil from Dec. 2021 to Dec. 2022 .

Aegean Airlines's Accounts Receivable for the quarter that ended in Jun. 2023 was $89 Mil.

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 Receivable are being managed. Aegean Airlines's Days Sales Outstanding for the six months ended in Jun. 2023 was 22.12.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Aegean Airlines's liquidation value for the six months ended in Jun. 2023 was $-1,437 Mil.

Aegean Airlines Change In Receivables Historical Data

The historical data trend for Aegean Airlines's Change In Receivables 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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Aegean Airlines Change In Receivables Chart

Aegean Airlines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-21.77

-30.31

39.38

-44.68

-3.22

Aegean Airlines Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial															-33.65	-13.11	-62.91	59.82	-90.53

Aegean Airlines Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-31 Mil.

Aegean Airlines (OTCPK:AGZNF) Change In Receivables 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 Receivable are being managed.

Aegean Airlines's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	89.036	/	734.688	*	91
=	22.12

2. In Ben Graham's calculation of liquidation value, Aegean Airlines's accounts receivable are only considered to be worth 75% of book value:

Aegean Airlines's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	758.165	-	2281.574	+	0.75 * 89.036	+	0.5 * 38.75
=	-1,437

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Aegean Airlines (Aegean Airlines) Business Description

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Traded in Other Exchanges

AEGN:Greece 32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.