Arras Group SpA (MIL:AGU) Accounts Receivable : €0.33 Mil (As of Dec. 2022)

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What is Arras Group SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Arras Group SpA's accounts receivables for the quarter that ended in Dec. 2022 was €0.33 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Arras Group SpA's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 901.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Arras Group SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was €-0.78.

Arras Group SpA Accounts Receivable Historical Data

The historical data trend for Arras Group SpA'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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Arras Group SpA Accounts Receivable Chart

Arras Group SpA Annual Data

Trend

Dec21

Dec22

Accounts Receivable

0.06

0.33

Arras Group SpA Semi-Annual Data
	Dec21	Dec22
Accounts Receivable	0.06	0.33

Arras Group SpA Accounts Receivable Calculation

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

Arras Group SpA 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.

Arras Group SpA's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.326	/	0.066	*	91
=	901.44

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

Arras Group SpA's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(0.05	+	0.75 * 0.326	+	0.5 * 1.921	-	5.425
-	0	-	0)	/	5.373
=	-0.78

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.

Arras Group SpA Accounts Receivable Related Terms

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Arras Group SpA (MIL:AGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arras Group SpA (MIL:AGU) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

6ZU:Germany

Address

Largo Domodossola 7, Milan, ITA, 20145

Website

https://www.arrasgroupspa.com

Arras Group SpA is a technological real estate development company for second homes, which currently operates in the Sardinian territory (in particular, in the north and south of the island), and is aimed at both Italian and foreign high-income customers. The Real Estate Projects developed by the Group typically arise in prestigious seaside locations in Sardinia, with the possibility of enjoying large internal and external spaces, as usually requested by national and international buyers interested in buying second homes. Its projects include Cannigione Sunrise, I Villini del Poetto, Seaside Costa Paradiso, The Tower Calasetta, Castle View, and others.