Vision Marine Technologies (Vision Marine Technologies) Accounts Receivable : $0.03 Mil (As of Feb. 2024)

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What is Vision Marine Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vision Marine Technologies's accounts receivables for the quarter that ended in Feb. 2024 was $0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vision Marine Technologies's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 5.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vision Marine Technologies's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-0.69.

Vision Marine Technologies Accounts Receivable Historical Data

The historical data trend for Vision Marine Technologies'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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Vision Marine Technologies Accounts Receivable Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Accounts Receivable

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0.06

0.02

0.08

0.04

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable	Get a 7-Day Free Trial															0.25	0.29	0.04	0.04	0.03

Vision Marine Technologies Accounts Receivable Calculation

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

Vision Marine Technologies 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.

Vision Marine Technologies's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.03	/	0.54	*	91
=	5.07

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

Vision Marine Technologies's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 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)
=	(0.878	+	0.75 * 0.03	+	0.5 * 3.542	-	11.064
-	0	-	0)	/	12.0982
=	-0.69

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.

Vision Marine Technologies Accounts Receivable Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.