Lift Global Ventures (AQSE:LFT) Accounts Receivable : £0.25 Mil (As of Dec. 2023)

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What is Lift Global Ventures Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lift Global Ventures's accounts receivables for the quarter that ended in Dec. 2023 was £0.25 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lift Global Ventures's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 161.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Lift Global Ventures's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £0.01.

Lift Global Ventures Accounts Receivable Historical Data

The historical data trend for Lift Global Ventures'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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Lift Global Ventures Accounts Receivable Chart

Lift Global Ventures Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.16

Lift Global Ventures Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	-	0.17	0.16	0.25

Lift Global Ventures Accounts Receivable Calculation

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

Lift Global Ventures 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.

Lift Global Ventures's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.248	/	0.28	*	91
=	161.64

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

Lift Global Ventures's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.929	+	0.75 * 0.248	+	0.5 * 0	-	0.051
-	0	-	0)	/	95.71
=	0.01

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.

Lift Global Ventures Accounts Receivable Related Terms

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Lift Global Ventures (AQSE:LFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lift Global Ventures PLC (AQSE:LFT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Ingestre Place, Suite 1, London, GBR, W1F 0DU

Website

https://www.liftgv.com

Lift Global Ventures PLC is formed to identify potential investment and acquisition opportunities in companies operating within the financial media and related technology industries.