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Vitasoy International Holdings (Vitasoy International Holdings) Accounts Receivable : $113.5 Mil (As of Sep. 2023)


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What is Vitasoy International Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vitasoy International Holdings's accounts receivables for the quarter that ended in Sep. 2023 was $113.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vitasoy International Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 47.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vitasoy International Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.13.


Vitasoy International Holdings Accounts Receivable Historical Data

The historical data trend for Vitasoy International Holdings'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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Vitasoy International Holdings Accounts Receivable Chart

Vitasoy International Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.27 91.14 105.60 102.84 100.52

Vitasoy International Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 Premium Member Only 110.13 102.84 124.36 100.52 113.48

Vitasoy International Holdings Accounts Receivable Calculation

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


Vitasoy International Holdings 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.

Vitasoy International Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=113.478/433.183*91
=47.81

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

Vitasoy International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(90.726+0.75 * 113.478+0.5 * 67.199-330.311
-0-14.038)/1072.81
=-0.13

* 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.


Vitasoy International Holdings Accounts Receivable Related Terms

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Vitasoy International Holdings (Vitasoy International Holdings) Business Description

Traded in Other Exchanges
Address
Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, HKG
Vitasoy International Holdings Ltd manufactures and sells tofu, soy and other plant-based milks, dairy milk, juice, and packaged tea and water. Vitasoy's brands include Vitasoy, Vita, Calci-Plus, Sansui, and Unicurd. Its two biggest markets are China and Hong Kong, which collectively account for more than three-quarters of the company's sales. Most remaining sales are generated in North America, Australia, New Zealand, and Singapore, although the company's products are sold in roughly 40 countries worldwide.

Vitasoy International Holdings (Vitasoy International Holdings) Headlines

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