Verso (VRS) Accounts Receivable : $106 Mil (As of Dec. 2021)

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What is Verso Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Verso's accounts receivables for the quarter that ended in Dec. 2021 was $106 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Verso's Days Sales Outstanding for the quarter that ended in Dec. 2021 was 29.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Verso's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $-1.41.

Verso Accounts Receivable Historical Data

The historical data trend for Verso'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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Verso Accounts Receivable Chart

Verso Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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208.00

197.00

155.00

83.00

106.00

Verso Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Accounts Receivable	Get a 7-Day Free Trial															83.00	93.00	109.00	112.00	106.00

Verso Accounts Receivable Calculation

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

Verso 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.

Verso's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	106	/	328	*	91
=	29.49

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

Verso's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 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)
=	(172	+	0.75 * 106	+	0.5 * 127	-	356
-	0	-	0)	/	29.1445
=	-1.41

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.

Verso Accounts Receivable Related Terms

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Verso (VRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Verso Corp (NYSE:VRS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8540 Gander Creek Drive, Miamisburg, OH, USA, 45342

Website

https://www.versoco.com

Verso Corp is a North American producer of printing papers, specialty papers, and pulp. The company produces a wide range of paper products, including coated freesheet, coated groundwood, coated digital, inkjet, supercalendered, and uncoated freesheet. These paper products are used primarily in media and marketing applications, such as catalogs, magazines, advertising brochures, and annual reports. The company also sells kraft pulp, which is used to manufacture tissue products and printing and writing grade paper; however, the group derives the majority of its revenue from its paper products.

Executives

Allen James Campbell	officer: SVP and CFO	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Randy J. Nebel	director	KAPSTONE PAPER AND PACKAGING CORP. 1101 SKOKIE BLVD., SUITE 300 NORTHBROOK IL 60062
Jeffrey E Kirt	director	1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10038
Terrence M Dyer	officer: SVP - HR & Comm	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
John Adam St.	director, officer: CEO	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Aaron D. Haas	officer: SVP - Sales & Mktg	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Matthew Archambeau	officer: SVP - Mfg & Energy	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Nancy M Taylor	director	TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Robert K Beckler	director	VERSO CORPORATION 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Marvin D Cooper	director	VERSO CORPORATION, 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Sean T Erwin	director	8540 GANDER CREEK DRIVE DAYTON OH 45342
Leslie T Lederer	other: Former Officer	C/O SMURFIT STONE CONTAINER CORP 150 NORTH MICHIGAN AVE CHICAGO IL 60601
Michael A. Weinhold	officer: President	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Kenneth D Sawyer	officer: SVP - HR & Comm	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
B. Christopher Disantis	director, officer: President and CEO	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342