Comer Industries SpA (MIL:COM) Change In Receivables : €15 Mil (TTM As of Dec. 2023)

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What is Comer Industries SpA Change In Receivables?

Comer Industries SpA's change in receivables for the quarter that ended in Dec. 2023 was €34 Mil. It means Comer Industries SpA's Accounts Receivable declined by €34 Mil from Jun. 2023 to Dec. 2023 .

Comer Industries SpA's change in receivables for the fiscal year that ended in Dec. 2023 was €15 Mil. It means Comer Industries SpA's Accounts Receivable declined by €15 Mil from Dec. 2022 to Dec. 2023 .

Comer Industries SpA's Accounts Receivable for the quarter that ended in Dec. 2023 was €206 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. Comer Industries SpA's Days Sales Outstanding for the six months ended in Dec. 2023 was 68.65.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Comer Industries SpA's liquidation value for the six months ended in Dec. 2023 was €-351 Mil.

Comer Industries SpA Change In Receivables Historical Data

The historical data trend for Comer Industries SpA'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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Comer Industries SpA Change In Receivables Chart

Comer Industries SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.78

-9.13

-35.18

-23.25

14.69

Comer Industries SpA Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial											1.33	-30.93	7.68	-19.69	34.38

Comer Industries SpA 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €15 Mil.

Comer Industries SpA (MIL:COM) 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.

Comer Industries 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
=	205.797	/	547.075	*	91
=	68.65

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

Comer Industries SpA's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	68.333	-	687.416	+	0.75 * 205.797	+	0.5 * 226.596
=	-351

Comer Industries SpA Change In Receivables Related Terms

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Comer Industries SpA (MIL:COM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Comer Industries SpA (MIL:COM) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

X5Q:Germany

Address

Via Magellano, 27, Reggiolo, ITA, 42046

Website

https://www.comerindustries.com

Comer Industries SpA is engaged in the design and production of advanced engineering systems and mechatronic solutions for power transmission. It operates in the sectors of agricultural machinery, construction equipment and forestry, energy and industry. The products offered by the group include Gearboxes, Driveshafts, Powertrain, Planetary drives and Wheel drives.

Comer Industries SpA (MIL:COM) Headlines

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