Careium AB (FRA:I81) Accounts Receivable : €16.84 Mil (As of Mar. 2024)

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What is Careium AB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Careium AB's accounts receivables for the quarter that ended in Mar. 2024 was €16.84 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Careium AB's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 82.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Careium AB's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-0.72.

Careium AB Accounts Receivable Historical Data

The historical data trend for Careium AB'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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Careium AB Accounts Receivable Chart

Careium AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

5.63

6.30

16.45

10.72

8.34

Careium AB Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											14.18	14.79	16.18	8.34	16.84

Careium AB Accounts Receivable Calculation

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

Careium AB 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.

Careium AB's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.842	/	18.619	*	91
=	82.54

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

Careium AB's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(4.1	+	0.75 * 16.842	+	0.5 * 4.127	-	36.292
-	0	-	0)	/	24.3262
=	-0.72

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.

Careium AB Accounts Receivable Related Terms

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Careium AB (FRA:I81) Business Description

Industry

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CARE:Sweden

Address

Jorgen Kocksgatan 1B, Malmo, SWE, 211 20

Website

https://www.careium.com

Careium AB is a player in technology-enabled care in Sweden which provides solutions to improve the safety, quality of life, and independence of seniors both inside and outside the home. It offers a complete digital alarm chain. Its product catalog includes security alarms, fall sensors, smoke detectors motion detectors, accessories such as cameras, electronic locks, robotic medication assistive devices, and secure communication with alarm response. Geographically it has a presence in Nordics, the United Kingdom and Ireland, Central Europe, and Other markets, Its majority of the revenue comes from Nordics.

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