BiON (LSE:BION) Accounts Receivable : £0.02 Mil (As of Oct. 2022)

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What is BiON Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BiON's accounts receivables for the quarter that ended in Oct. 2022 was £0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BiON's Net-Net Working Capital per share for the quarter that ended in Oct. 2022 was £0.00.

BiON Accounts Receivable Historical Data

The historical data trend for BiON'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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BiON Accounts Receivable Chart

BiON Annual Data

Trend

Sep15

Sep16

Sep17

Dec19

Accounts Receivable

0.02

2.73

BiON Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Jun19	Dec19	Jun20	Dec20	Jun21	Oct22
Accounts Receivable	Get a 7-Day Free Trial						2.73	15.06	2.53	0.65	0.02

BiON Accounts Receivable Calculation

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

BiON 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.

BiON's Days Sales Outstanding for the quarter that ended in Oct. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.019	/	0	*	91
=

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

BiON's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2022 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)
=	(0.48	+	0.75 * 0.019	+	0.5 * 0	-	0.309
-	0	-	0)	/	430.435
=	0.00

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.

BiON Accounts Receivable Related Terms

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BiON (LSE:BION) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » BiON PLC (LSE:BION) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Jalan Dutamas 1, D2-3-1 Solaris Dutamas 1, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.bionplc.com

BiON PLC and its subsidiaries are engaged in research and development, provision of professional engineering consultancy, and process design services. It provides services in the areas of industrial biotechnology, pollution control, and renewable energy; and engineering, procurement, and construction of various wastewater treatment plants/systems; and development, commercialization, operation, and maintenance of renewable energy power plants. The company operates in two business segments providing consulting and contract services to customers in the renewable energy sector and the supply of power to National Grid. The consulting and contract segment generates a vast majority of its revenues.

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