Via Renewables (Via Renewables) Accounts Receivable

: $67.9 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Via Renewables's accounts receivables for the quarter that ended in Dec. 2023 was $67.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Via Renewables's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 60.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Via Renewables's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-50.15.

Via Renewables Accounts Receivable Historical Data

The historical data trend for Via Renewables'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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Via Renewables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

115.67

75.40

70.50

87.92

67.93

Via Renewables Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																87.92	71.11	53.11	55.84	67.93

Via Renewables Accounts Receivable Calculation

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

Via Renewables 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	67.929	/	101.702	*	91
=	60.95

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

Via Renewables's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(42.595	+	0.75 * 67.929	+	0.5 * 3.124	-	177.05
-	88.065	-	-7.881)	/	3.2327
=	-50.15

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.

Via Renewables Accounts Receivable Related Terms

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Via Renewables (Via Renewables) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Via Renewables Inc (NAS:VIA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

VIASP.PFD:USA SLE:Germany

Address

12140 Wickchester Lane, Suite 100, Houston, TX, USA, 77079

Website

https://www.viarenewables.com

Via Renewables Inc is an independent retail energy services company. It provides residential and commercial customers in competitive markets across the United States with an alternative choice for natural gas and electricity. Via Renewables offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives. Its segments are Retail Electricity and Retail Natural Gas. The key revenue is derived from the Retail Electricity segment in which the company purchase electricity supply through physical and financial transactions with market counterparties and ISOs and supplies electricity to residential and commercial consumers pursuant to fixed-price and variable-price contracts.

Executives

Andrew Stephen Kennedy	director	12140 WICKCHESTER LANE, SUITE 100, HOUSTON TX 77079
Maxwell W Keith Iii	director, 10 percent owner	12140 WICKCHESTER LANE, SUITE 100, HOUSTON TX 77079
Amanda Bush	director	12140 WICKCHESTER LN, SUITE 100, HOUSTON TX 77057
Barbara Clay	officer: Acting General Counsel and Sec	C/O GOOD COUNSEL SERVICES, LLC, 111 FARMS ROAD, STAMFORD CT 06903
Mike Barajas	officer: Chief Financial Officer	12140 WICKCHESTER LN, STE 100, HOUSTON TX 77079
Paul Konikowski	officer: Chief Operating Officer	12140 WICKCHESTER LN, STE 100, HOUSTON TX 77079
Jones James G Ii	director	12140 WICKCHESTER LN, SUITE 100, HOUSTON TX 77079
Evans Nick W Jr	director	6205 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Kevin M Mcminn	officer: Chief Operating Officer	12140 WICKCHESTER LANE, SUITE 100, HOUSTON TX 77079
Nathan Kroeker	director, officer: See Remarks	12160 WICKCHESTER LN, SUITE 100, HOUSTON TX 77079
Gil Melman	officer: See Remarks	12140 WICKCHESTER LN, SUITE 100, HOUSTON TX 77079
Jason K. Garrett	officer: Executive Vice President	2105 CITYWEST BLVD., SUITE 100, HOUSTON TX 77042
Robert Lawrence Lane	officer: Vice President and CFO	12140 WICKCHESTER LANE, SUITE 100, HOUSTON TX 77079
Kenneth Michael Hartwick	director	200 CLARENDON STREET, BOSTON MA 02116
Electric Holdco, Llc	10 percent owner	12140 WICKCHESTER LANE, SUITE 100, HOUSTON TX 77079