Believe (XPAR:BLV) Accounts Receivable : €174.9 Mil (As of Jun. 2023)

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What is Believe Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Believe's accounts receivables for the quarter that ended in Jun. 2023 was €174.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Believe's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 76.85.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Believe's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-3.59.

Believe Accounts Receivable Historical Data

The historical data trend for Believe'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.

* Premium members only.

Believe Accounts Receivable Chart

Believe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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97.57

110.37

136.63

158.46

Believe Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial				136.63	156.97	158.46	174.94	-

Believe Accounts Receivable Calculation

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

Believe 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	174.941	/	415.418	*	91
=	76.85

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

Believe'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)
=	(212.085	+	0.75 * 174.941	+	0.5 * 6.191	-	685.028
-	0	-	8.566)	/	96.8303
=	-3.59

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.

Believe Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Believe's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Believe (XPAR:BLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Believe SA (XPAR:BLV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

8T6:Germany

Address

24 rue Toulouse Lautrec, Paris, FRA, 75017

Website

https://www.believemusic.com

Believe SA specializes in the sale and promotion of audio and video content from artists and independent labels. The Company has identified two operating segments which is Premium Solutions and Automated Solutions. Premium solutions this consists mainly of the sale, promotion and delivery of digital content provided by artists and labels for which the Group is responsible for developing their catalog on digital platforms and social media, as appropriate, using a split revenue model. Automated Solutions whereby the Group enablesartists, via its TuneCore digital platform, to distribute their audio content in an automated manner to streaming and social media platforms in return for a subscription fee or margin. The company generated majority of its revenue from Premium Solutions.

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