Ventia Services Group (ASX:VNT) Accounts Receivable : A$312 Mil (As of Dec. 2023)

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What is Ventia Services Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ventia Services Group's accounts receivables for the quarter that ended in Dec. 2023 was A$312 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ventia Services Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 19.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ventia Services Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-2.07.

Ventia Services Group Accounts Receivable Historical Data

The historical data trend for Ventia Services Group'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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Ventia Services Group Accounts Receivable Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

236.60

820.00

312.20

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	236.60	838.00	820.00	951.60	312.20

Ventia Services Group Accounts Receivable Calculation

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

Ventia Services Group 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.

Ventia Services Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	312.2	/	2889.6	*	91
=	19.72

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

Ventia Services Group'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)
=	(338.7	+	0.75 * 312.2	+	0.5 * 46.8	-	2363.4
-	0	-	0)	/	855.484
=	-2.07

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.

Ventia Services Group Accounts Receivable Related Terms

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Ventia Services Group (ASX:VNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ventia Services Group Ltd (ASX:VNT) » Definitions » Accounts Receivable

Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.