Ecomembrane SpA (MIL:ECMB) Change In Receivables : €-2.70 Mil (TTM As of Dec. 2023)

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What is Ecomembrane SpA Change In Receivables?

Ecomembrane SpA's change in receivables for the quarter that ended in Dec. 2023 was €-3.66 Mil. It means Ecomembrane SpA's Accounts Receivable increased by €3.66 Mil from Jun. 2023 to Dec. 2023 .

Ecomembrane SpA's change in receivables for the fiscal year that ended in Dec. 2023 was €-2.70 Mil. It means Ecomembrane SpA's Accounts Receivable increased by €2.70 Mil from Dec. 2022 to Dec. 2023 .

Ecomembrane SpA's Accounts Receivable for the quarter that ended in Dec. 2023 was €5.97 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. Ecomembrane SpA's Days Sales Outstanding for the six months ended in Dec. 2023 was 99.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ecomembrane SpA's liquidation value for the six months ended in Dec. 2023 was €4.41 Mil.

Ecomembrane SpA Change In Receivables Historical Data

The historical data trend for Ecomembrane 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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Ecomembrane SpA Change In Receivables Chart

Ecomembrane SpA Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

-0.19

-2.70

Ecomembrane SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Change In Receivables	-	-	0.96	-3.66

Ecomembrane 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 €-2.70 Mil.

Ecomembrane SpA (MIL:ECMB) 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.

Ecomembrane 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
=	5.974	/	10.962	*	91
=	99.46

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

Ecomembrane 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)
=	7.476	-	9.555	+	0.75 * 5.974	+	0.5 * 4.011
=	4.41

Ecomembrane SpA Change In Receivables Related Terms

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Ecomembrane SpA (MIL:ECMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecomembrane SpA (MIL:ECMB) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030

Website

https://www.ecomembrane.com

Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

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