Laboratorios Farmaceuticos Rovi (XMAD:ROVI) Accounts Receivable : €131.5 Mil (As of Mar. 2024)

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What is Laboratorios Farmaceuticos Rovi Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Laboratorios Farmaceuticos Rovi's accounts receivables for the quarter that ended in Mar. 2024 was €131.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Laboratorios Farmaceuticos Rovi's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 79.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Laboratorios Farmaceuticos Rovi's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €0.42.

Laboratorios Farmaceuticos Rovi Accounts Receivable Historical Data

The historical data trend for Laboratorios Farmaceuticos Rovi'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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Laboratorios Farmaceuticos Rovi Accounts Receivable Chart

Laboratorios Farmaceuticos Rovi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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81.54

76.40

150.17

180.01

143.31

Laboratorios Farmaceuticos Rovi Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															160.40	126.38	138.27	143.31	131.49

Laboratorios Farmaceuticos Rovi Accounts Receivable Calculation

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

Laboratorios Farmaceuticos Rovi 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.

Laboratorios Farmaceuticos Rovi's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	131.488	/	151.175	*	91
=	79.37

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

Laboratorios Farmaceuticos Rovi'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)
=	(13.085	+	0.75 * 131.488	+	0.5 * 337.971	-	254.881
-	0	-	4.105)	/	51.3154
=	0.42

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.

Laboratorios Farmaceuticos Rovi Accounts Receivable Related Terms

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Laboratorios Farmaceuticos Rovi (XMAD:ROVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Laboratorios Farmaceuticos Rovi SA (XMAD:ROVI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ROVI:Mexico ROVIe:UK 41L:Germany

Address

Julian Camarillo, 35, Madrid, ESP, 28037

Website

https://www.rovi.es

Laboratorios Farmaceuticos Rovi SA is a biotechnology company engaged in the research, development, manufacturing, and marketing of small molecule and specialty biologic drugs. The company has a diversified portfolio of products that it markets in Spain through its specialized sales force of specialist physicians, hospitals and pharmacies. Laboratorios' research and development pipeline is focused on the expansion of applications, indications, and alternative mechanisms of action for heparin-derived products. The company aims to obtain new pharmaceutical products that enable the regular administration of formulations that are administered daily in chronic and prolonged treatments. Its two segments are Manufacturing and Marketing.