Vonex (ASX:VN8) Accounts Receivable : A$1.71 Mil (As of Jun. 2024)

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What is Vonex Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vonex's accounts receivables for the quarter that ended in Jun. 2024 was A$1.71 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vonex's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 13.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vonex's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was A$-0.10.

Vonex Accounts Receivable Historical Data

The historical data trend for Vonex'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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Vonex Accounts Receivable Chart

Vonex Annual Data

Trend

Dec17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Accounts Receivable

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0.70

1.11

2.02

2.30

1.71

Vonex Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial								2.02	4.58	2.30	2.55	1.71

Vonex Accounts Receivable Calculation

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

Vonex 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.

Vonex's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.713	/	23.823	*	91
=	13.12

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

Vonex's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(2.928	+	0.75 * 1.713	+	0.5 * 0.171	-	39
-	0	-	0)	/	361.829
=	-0.10

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.

Vonex Accounts Receivable Related Terms

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Vonex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vonex Ltd (ASX:VN8) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Coronation Drive, Level 6, Milton, QLD, AUS, 4064

Website

https://www.vonex.com.au

Vonex Ltd is an Australia-based telecommunications company. The Company also provides a full range of traditional telecommunications products such as mobile and internet. Its wholesale customers, such as internet service providers, can access the core Vonex PBX, call termination services, hardware, mobile , and internet at wholesale rates via a white-label model. Vonex also delivers custom-built software solutions to wholesale customers to facilitate projects of scale. Geographically, the company has operations in Australia and the United States. It generates a vast majority of the revenues from the retail segment within Australia.

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