Victor Group Holdings (ASX:VIG) Accounts Receivable : A$1.11 Mil (As of Dec. 2024)

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What is Victor Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Victor Group Holdings's accounts receivables for the quarter that ended in Dec. 2024 was A$1.11 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Victor Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 40.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Victor Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was A$-0.00.

Victor Group Holdings Accounts Receivable Historical Data

The historical data trend for Victor Group 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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Victor Group Holdings Accounts Receivable Chart

Victor Group Holdings Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

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3.21

2.49

1.07

2.31

5.74

Victor Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															0.54	2.31	6.30	5.74	1.11

Victor Group Holdings Accounts Receivable Calculation

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

Victor Group 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.

Victor Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.105	/	4.984	*	91
=	40.46

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

Victor Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.842	+	0.75 * 1.105	+	0.5 * 2.734	-	5.43
-	0	-	0)	/	652.227
=	-0.00

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.

Victor Group Holdings Accounts Receivable Related Terms

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Victor Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Victor Group Holdings Ltd (ASX:VIG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Bligh Street, Level 26, Sydney, NSW, AUS, 2000

Website

http://www.sinovictor.com

Victor Group Holdings Ltd is engaged in providing Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS) solutions; building and operating cloud based platforms for education, and data management platforms for corporate and government clients. It also provides cloud-based e-learning solutions for educational institutions. The company operates in two segments first consisting of SaaS, IaaS, and PaaS solutions which derives key revenue, and the second being Cloud Education. Geographically, the company operates in the People's Republic of China (PRC) which is also its key revenue generating market, and Australia.