SIT SpA (MIL:SIT) Change In Receivables : €-0.2 Mil (TTM As of Dec. 2023)

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What is SIT SpA Change In Receivables?

SIT SpA's change in receivables for the quarter that ended in Dec. 2023 was €0.0 Mil. It means SIT SpA's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

SIT SpA's change in receivables for the fiscal year that ended in Dec. 2023 was €1.0 Mil. It means SIT SpA's Accounts Receivable declined by €1.0 Mil from Dec. 2022 to Dec. 2023 .

SIT SpA's Accounts Receivable for the quarter that ended in Dec. 2023 was €63.5 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SIT SpA's liquidation value for the six months ended in Dec. 2023 was €-181.5 Mil.

SIT SpA Change In Receivables Historical Data

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

SIT SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-5.14

-6.05

9.91

-6.72

0.95

SIT SpA Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial										17.77	-6.53	-0.19	-	-

SIT 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 €-0.2 Mil.

SIT SpA (MIL:SIT) 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.

SIT 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
=	63.458	/	0	*	91
=

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

SIT 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)
=	15.33	-	286.057	+	0.75 * 63.458	+	0.5 * 83.297
=	-181.5

SIT SpA Change In Receivables Related Terms

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SIT SpA (MIL:SIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SIT SpA (MIL:SIT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Viale A. Volta, 2, Cusago, Milan, ITA, 20090

Website

http://www.sitspa.it

SIT SpA is engaged in the manufacture of industrial products. The company products include timing belt drives, polyurethane belt drives, V-belt drives, POLY-V belt drives, flat belt drives, chain drives, couplings, locking devices, bearing units and rod ends, antivibration mounts, and electronic equipment, motor bases, tensioners, and TEN-SIT. The company exports its products to Spain, France, Germany, Switzerland, the USA, and China.

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