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Ingenious Entertainment VCT 2 (LSE:IEV2) Accounts Receivable : £0.00 Mil (As of Jun. 2018)


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What is Ingenious Entertainment VCT 2 Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ingenious Entertainment VCT 2's accounts receivables for the quarter that ended in Jun. 2018 was £0.00 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. Ingenious Entertainment VCT 2's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was £0.04.


Ingenious Entertainment VCT 2 Accounts Receivable Historical Data

The historical data trend for Ingenious Entertainment VCT 2'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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Ingenious Entertainment VCT 2 Accounts Receivable Chart

Ingenious Entertainment VCT 2 Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Accounts Receivable
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Ingenious Entertainment VCT 2 Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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Ingenious Entertainment VCT 2 Accounts Receivable Calculation

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


Ingenious Entertainment VCT 2 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.

Ingenious Entertainment VCT 2's Days Sales Outstanding for the quarter that ended in Jun. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/-0.053*91
=

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

Ingenious Entertainment VCT 2's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 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)
=(0.458+0.75 * 0+0.5 * 0-0.034
-0-0)/10.205
=0.04

* 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.


Ingenious Entertainment VCT 2 Accounts Receivable Related Terms

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Ingenious Entertainment VCT 2 (LSE:IEV2) Business Description

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Ingenious Entertainment VCT 2 PLC is a venture capital trust. Its objective is to invest in companies established to create and bring to market live events and premium entertainment content which will provide shareholders with an attractive return. The company primarily invests in media, live events, and entertainment sector targeting concerts, festivals, conferences and other entertainment-based content.

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