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Vantage Towers AG (Vantage Towers AG) Accounts Receivable : $19 Mil (As of Mar. 2023)


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What is Vantage Towers AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vantage Towers AG's accounts receivables for the quarter that ended in Mar. 2023 was $19 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vantage Towers AG's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 5.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vantage Towers AG's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-5.61.


Vantage Towers AG Accounts Receivable Historical Data

The historical data trend for Vantage Towers AG'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.

* Premium members only.

Vantage Towers AG Accounts Receivable Chart

Vantage Towers AG Annual Data
Trend Mar21 Mar22 Mar23
Accounts Receivable
8.10 13.88 18.52

Vantage Towers AG Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
Accounts Receivable Get a 7-Day Free Trial 8.10 64.35 13.88 177.33 18.52

Vantage Towers AG Accounts Receivable Calculation

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


Vantage Towers AG 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.

Vantage Towers AG's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=18.522/601.606*91
=5.62

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

Vantage Towers AG's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 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)
=(190.043+0.75 * 18.522+0.5 * 0-5880.621
-0-0)/1011.56
=-5.61

* 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.


Vantage Towers AG Accounts Receivable Related Terms

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Vantage Towers AG (Vantage Towers AG) Business Description

Traded in Other Exchanges
Address
Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549
Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.

Vantage Towers AG (Vantage Towers AG) Headlines

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