CVC (ASX:CVC) Accounts Receivable : A$0.00 Mil (As of Dec. 2023)

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What is CVC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CVC's accounts receivables for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CVC's Days Sales Outstanding for the quarter that ended in Dec. 2023 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. CVC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-1.02.

CVC Accounts Receivable Historical Data

The historical data trend for CVC'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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CVC Accounts Receivable Chart

CVC Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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1.16

0.41

4.35

0.12

1.89

CVC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															-	0.12	-	1.89	-

CVC Accounts Receivable Calculation

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

CVC 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.

CVC'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	/	0.147	*	91
=	0.00

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

CVC'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)
=	(44.376	+	0.75 * 0	+	0.5 * 5.755	-	156.921
-	0	-	9.519)	/	116.824
=	-1.02

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.

CVC Accounts Receivable Related Terms

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CVC (ASX:CVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CVC Ltd (ASX:CVC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 40, Governor Philip Tower, Suite 4, 1 Farrer Place, Sydney, NSW, AUS, 2000

Website

https://www.cvc.com.au

CVC Ltd is a diversified investment company that invests patient capital in a combination of listed, unlisted, and property investments. It is organized into the following business segments: Property Investment, Non-Property Investment. Property Investment includes investments in property-related ordinary equity, preferred equity, joint ventures, options to acquire an interest in direct property subject to planning outcomes, and property-backed lending comprising loans backed by underlying property assets. Non-Property Investment comprises listed investments, unlisted investments, and secured lending opportunities that are non-property related. It also includes receivables, litigation claims, and other investments. The company operates predominantly in Australia.