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SSIF BRK Financial Group (BSE:BRK) Accounts Receivable : lei4.12 Mil (As of Jun. 2023)


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What is SSIF BRK Financial Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SSIF BRK Financial Group's accounts receivables for the quarter that ended in Jun. 2023 was lei4.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SSIF BRK Financial Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 44.78.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SSIF BRK Financial Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was lei-0.77.


SSIF BRK Financial Group Accounts Receivable Historical Data

The historical data trend for SSIF BRK Financial Group's Accounts Receivable 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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SSIF BRK Financial Group Accounts Receivable Chart

SSIF BRK Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.19 10.00 14.36 4.99

SSIF BRK Financial Group Quarterly Data
Dec15 Dec16 Mar17 Dec17 Mar18 Dec18 Jun19 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.42 14.36 2.08 4.12 4.99

SSIF BRK Financial Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


SSIF BRK Financial Group Accounts Receivable 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 receivables are being managed.

SSIF BRK Financial Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.123/8.402*91
=44.78

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), SSIF BRK Financial Group's accounts receivable are only considered to be worth 75% of book value:

SSIF BRK Financial Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(59.442+0.75 * 4.123+0.5 * 8.775-325.679
-0-2.213)/337.43
=-0.77

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


SSIF BRK Financial Group Accounts Receivable Related Terms

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SSIF BRK Financial Group (BSE:BRK) Business Description

Traded in Other Exchanges
N/A
Address
Calea Motilor No. 119, Cluj-Napoca, ROU, 400045
SSIF BRK Financial Group SA is a Romania based financial investment services company. It offers services for its retail and institutional clients. It operates in two segments, 1) The intermediary segment refers to all the transaction intermediation services offered to individual investors and companies, as well as to the specialized services offered to institutional clients. 2) Own portfolio management segment.

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