Enapter AG (STU:H2O) Accounts Receivable : €8.52 Mil (As of Jun. 2023)

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What is Enapter AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Enapter AG's accounts receivables for the quarter that ended in Jun. 2023 was €8.52 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Enapter AG's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 326.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Enapter AG's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-0.79.

Enapter AG Accounts Receivable Historical Data

The historical data trend for Enapter AG'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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Enapter AG Accounts Receivable Chart

Enapter AG Annual Data

Trend

Dec07

Dec08

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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0.49

0.04

0.18

2.64

8.01

Enapter AG Semi-Annual Data
	Dec07	Dec08	Jun09	Jun11	Jan17	Jul17	Jan18	Jul18	Jan19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial												0.07	2.64	1.67	8.01	8.52

Enapter AG Accounts Receivable Calculation

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

Enapter AG 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.

Enapter AG's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.523	/	4.766	*	91
=	326.36

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

Enapter AG'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)
=	(9.452	+	0.75 * 8.523	+	0.5 * 11.76	-	43.311
-	0	-	0)	/	27.195
=	-0.79

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.

Enapter AG Accounts Receivable Related Terms

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Enapter AG (STU:H2O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enapter AG (STU:H2O) » Definitions » Accounts Receivable

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H2O:Germany

Address

Reinhardtstr. 35, Berlin, BB, DEU, 10117

Website

https://www.enapter.com

Enapter AG is engaged in research and development in the field of hydrogen systems with a focus on electrolysis, project management in Renewable Energy Systems and Smart-Grid Technology, software development for Smart Grid, Smart Energy and Industry 4.0 and Internet of Things (IoT), and manufacturing and production, design, planning, trading and resale of electrolysers and similar products and related software and control systems. Specifically, the Enapter Group develops and manufactures patented electrolysers based on Anion Exchange Membrane (AEM) technology. the Group had only one reportable segment which is the design and production of hydrogen generators based on patented anion exchange membrane electrolysis (AEM electrolysis) and pursues.

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