Unit4 NV (FRA:UNT) Accounts Receivable : €0.0 Mil (As of Dec. 2013)

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What is Unit4 NV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Unit4 NV's accounts receivables for the quarter that ended in Dec. 2013 was €0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Unit4 NV's Days Sales Outstanding for the quarter that ended in Dec. 2013 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Unit4 NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was €-10.24.

Unit4 NV Accounts Receivable Historical Data

The historical data trend for Unit4 NV'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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Unit4 NV Accounts Receivable Chart

Unit4 NV Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Accounts Receivable

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85.57

107.30

87.03

Unit4 NV Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Accounts Receivable	Get a 7-Day Free Trial							85.57	107.30	87.03	-	-

Unit4 NV Accounts Receivable Calculation

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

Unit4 NV 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.

Unit4 NV's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	490.487	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Unit4 NV's accounts receivable are only considered to be worth 75% of book value:

Unit4 NV's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 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)
=	(23.126	+	0.75 * 0	+	0.5 * 0.52	-	332.789
-	0	-	-3.46)	/	29.872
=	-10.24

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.

Unit4 NV Accounts Receivable Related Terms

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Unit4 NV (FRA:UNT) Business Description

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Address

Website

http://www.unit4.com

Unit4 NV was founded on 1980. The Company is a cloud business software and services company that helps dynamic public sector and commercial services organizations to embrace change simply, quickly and cost effectively in a market sector that call 'Businesses Living IN Change' (BLINC). The Group incorporates a number of change embracing software brands, including UNIT4 Agresso, our flagship ERP suite for mid-sized services intensive organizations. The Company's UNIT4 Coda, best-of-class financial management software; and FinancialForce.com, the cloud enterprise applications company formed with investment from salesforce.com. Its software products and services are designed to meet the needs of an ever changing business. The Company has about 300 customers with about 80,000 active users and local installations in around 20 countries.

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