Vimi Fasteners SpA (MIL:VIM) Change In Receivables : €2.62 Mil (TTM As of Jun. 2024)

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What is Vimi Fasteners SpA Change In Receivables?

Vimi Fasteners SpA's change in receivables for the quarter that ended in Jun. 2024 was €0.12 Mil. It means Vimi Fasteners SpA's Accounts Receivable declined by €0.12 Mil from Dec. 2023 to Jun. 2024 .

Vimi Fasteners SpA's change in receivables for the fiscal year that ended in Dec. 2023 was €-3.28 Mil. It means Vimi Fasteners SpA's Accounts Receivable increased by €3.28 Mil from Dec. 2022 to Dec. 2023 .

Vimi Fasteners SpA's Accounts Receivable for the quarter that ended in Jun. 2024 was €16.66 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. Vimi Fasteners SpA's Days Sales Outstanding for the six months ended in Jun. 2024 was 103.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Vimi Fasteners SpA's liquidation value for the six months ended in Jun. 2024 was €-22.50 Mil.

Vimi Fasteners SpA Change In Receivables Historical Data

The historical data trend for Vimi Fasteners 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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Vimi Fasteners SpA Change In Receivables Chart

Vimi Fasteners SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Receivables

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1.28

-1.66

1.01

-3.28

2.62

Vimi Fasteners SpA Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Change In Receivables	Get a 7-Day Free Trial													-	-2.93	-0.35	0.12	2.50

Vimi Fasteners 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €2.62 Mil.

Vimi Fasteners SpA (MIL:VIM) 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.

Vimi Fasteners SpA's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.657	/	29.467	*	91
=	103.16

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

Vimi Fasteners SpA's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.135	-	47.214	+	0.75 * 16.657	+	0.5 * 14.171
=	-22.50

Vimi Fasteners SpA Change In Receivables Related Terms

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Vimi Fasteners SpA Business Description

Industry

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

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Address

Via Labriola, 19, Reggio Emilia, Novellara, ITA, 42017

Website

https://www.vimifasteners.com

Vimi Fasteners SpA is an Italian company that manufactures and markets fasteners and mechanical components for the automotive, industrial engine, agricultural infrastructure, oil and gas, and renewable energy sectors. The different products offered by the company include connecting rod screws, screws and studs for braking systems, turbocharger screws and shafts, pins, wheel hubs, and others. Geographically, the company generates maximum revenue from the European Union (EU) countries, followed by Italy, the United States and Canada, and other regions.

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