Convergenze SpA (MIL:CVG) Change In Receivables : €-0.52 Mil (TTM As of Dec. 2023)

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What is Convergenze SpA Change In Receivables?

Convergenze SpA's change in receivables for the quarter that ended in Dec. 2023 was €-0.45 Mil. It means Convergenze SpA's Accounts Receivable increased by €0.45 Mil from Jun. 2023 to Dec. 2023 .

Convergenze SpA's change in receivables for the fiscal year that ended in Dec. 2023 was €-0.52 Mil. It means Convergenze SpA's Accounts Receivable increased by €0.52 Mil from Dec. 2022 to Dec. 2023 .

Convergenze SpA's Accounts Receivable for the quarter that ended in Dec. 2023 was €3.99 Mil.

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 Receivable are being managed. Convergenze SpA's Days Sales Outstanding for the six months ended in Dec. 2023 was 58.52.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Convergenze SpA's liquidation value for the six months ended in Dec. 2023 was €-10.42 Mil.

Convergenze SpA Change In Receivables Historical Data

The historical data trend for Convergenze SpA's Change In Receivables 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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Convergenze SpA Change In Receivables Chart

Convergenze SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.38

-0.27

-0.70

-1.07

-0.52

Convergenze SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial						-0.71	-0.57	-0.50	-0.07	-0.45

Convergenze SpA Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.52 Mil.

Convergenze SpA (MIL:CVG) Change In Receivables 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 Receivable are being managed.

Convergenze SpA's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.99	/	12.443	*	91
=	58.52

2. In Ben Graham's calculation of liquidation value, Convergenze SpA's accounts receivable are only considered to be worth 75% of book value:

Convergenze SpA's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.63	-	14.197	+	0.75 * 3.99	+	0.5 * 0.307
=	-10.42

Convergenze SpA Change In Receivables Related Terms

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Convergenze SpA (MIL:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Convergenze SpA (MIL:CVG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Magna Graecia 136, Capaccio Paestum, Salerno, ITA, 84047

Website

https://www.convergenze.it

Convergenze SpA is engaged in providing telecommunication services. The company wireless internet services, mobile calling and data services, television subscription services, voice call services, and other related services.