Vinanz (AQSE:BTC) Accounts Receivable : £0.00 Mil (As of Feb. 2024)

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What is Vinanz Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vinanz's accounts receivables for the quarter that ended in Feb. 2024 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vinanz's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vinanz's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was £N/A.

Vinanz Accounts Receivable Historical Data

The historical data trend for Vinanz'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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Vinanz Accounts Receivable Chart

Vinanz Annual Data

Trend

Aug22

Aug23

Accounts Receivable

Vinanz Semi-Annual Data
	Aug22	Feb23	Aug23	Feb24
Accounts Receivable	-	-	-	-

Vinanz Accounts Receivable Calculation

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

Vinanz 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.

Vinanz'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	/	0.2	*	91
=	0.00

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

Vinanz'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)
=	(0.087	+	0.75 * 0	+	0.5 * 0	-	0.068
-	0	-	0)	/	0
=	N/A

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.

Vinanz Accounts Receivable Related Terms

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Vinanz Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vinanz Ltd (AQSE:BTC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

VINZF:USA BTC:UK

Address

Wichhams Cay II, Vistra Corporate Services Centre, Tortola, Road Town, VGB, VG 1110

Website

https://www.vinanz.co.uk

Vinanz Ltd operates as a Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and Canada through third-party cryptocurrency mining providers. The company focuses on the development of BTC cryptocurrency mining operations and an emerging class of powerful decentralised finance DeFI technologies. Together, cryptocurrencies and decentralised protocol technologies interoperate to create global decentralised financial services platforms. These platforms continue to enjoy rapid growth and are augmenting or replacing capabilities typically associated with traditional finance.