VTech Holdings (VTech Holdings) Accounts Receivable : $452 Mil (As of Sep. 2023)

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What is VTech Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. VTech Holdings's accounts receivables for the quarter that ended in Sep. 2023 was $452 Mil.

Accounts receivable can be measured by Days Sales Outstanding. VTech Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 72.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. VTech Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.33.

VTech Holdings Accounts Receivable Historical Data

The historical data trend for VTech 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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VTech Holdings Accounts Receivable Chart

VTech Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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263.00

221.50

270.70

325.40

277.20

VTech 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															575.40	325.40	549.00	277.20	451.70

VTech Holdings Accounts Receivable Calculation

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

VTech 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.

VTech 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
=	451.7	/	1140.9	*	91
=	72.25

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

VTech 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)
=	(108.5	+	0.75 * 451.7	+	0.5 * 432	-	745.5
-	0	-	0)	/	252.882
=	-0.33

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.

VTech Holdings Accounts Receivable Related Terms

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VTech Holdings (VTech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VTech Holdings Ltd (OTCPK:VTKLF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

VTKLY:USA 00303:Hong Kong VTCB:Germany

Address

Block 1, 57 Ting Kok Road, Tai Po, 23rd Floor, Tai Ping Industrial Centre, New Territories, Hong Kong, HKG

Website

https://www.vtech.com

VTech Holdings Ltd is engaged in designing, manufacturing, and distribution of consumer electronic products. It also provides contract manufacturing services. VTech's diverse collection of products include Telephone Products, Business Phones, Electronic Learning Toys, Baby Monitors and Hospitality Products. It offers turnkey services to customers in a number of product categories. The company operates through four geographical segments, North America including the United States and Canada, Europe, Asia Pacific and Others, which covers sales of electronic products to the rest of the world. VTech generates a majority of its revenue from North America and Europe.