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Foresight 2 VCT (LSE:FTNI) Accounts Receivable : £0.00 Mil (As of Mar. 2015)


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What is Foresight 2 VCT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Foresight 2 VCT's accounts receivables for the quarter that ended in Mar. 2015 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Foresight 2 VCT's Days Sales Outstanding for the quarter that ended in Mar. 2015 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Foresight 2 VCT's Net-Net Working Capital per share for the quarter that ended in Mar. 2015 was £0.03.


Foresight 2 VCT Accounts Receivable Historical Data

The historical data trend for Foresight 2 VCT'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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Foresight 2 VCT Accounts Receivable Chart

Foresight 2 VCT Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 0.81 1.67 - 1.46

Foresight 2 VCT Semi-Annual Data
Mar06 Sep06 Mar07 Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.90 - - 1.46 -

Foresight 2 VCT Accounts Receivable Calculation

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


Foresight 2 VCT 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.

Foresight 2 VCT's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.407*91
=0.00

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

Foresight 2 VCT's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2015 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)
=(2.583+0.75 * 0+0.5 * 0-0.561
-0-0)/69.1086
=0.03

* 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.


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.


Foresight 2 VCT Accounts Receivable Related Terms

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Foresight 2 VCT (LSE:FTNI) Business Description

Traded in Other Exchanges
N/A
Address
The Shard 32, 32 London Bridge Street, London, Kent, GBR, SE1 9SG
Foresight 2 VCT PLC is a venture capital company. The Company's investment objective is to provide private investors with attractive returns by investing in range of securities including ordinary and preference shares, loan stock as well as cash. Foresight Group is the manager of the Company and provides investment management and other administrative services.

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