Visioneering Technologies (ASX:VTI) Accounts Receivable : A$1.44 Mil (As of Dec. 2023)

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What is Visioneering Technologies Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Visioneering Technologies's accounts receivables for the quarter that ended in Dec. 2023 was A$1.44 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Visioneering Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 44.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Visioneering Technologies's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.08.

Visioneering Technologies Accounts Receivable Historical Data

The historical data trend for Visioneering Technologies'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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Visioneering Technologies Accounts Receivable Chart

Visioneering Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.21

1.25

1.27

1.08

1.44

Visioneering Technologies Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial									1.27	1.67	1.08	1.98	1.44

Visioneering Technologies Accounts Receivable Calculation

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

Visioneering Technologies 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.

Visioneering Technologies's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.443	/	5.975	*	91
=	44.07

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

Visioneering Technologies'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)
=	(4.481	+	0.75 * 1.443	+	0.5 * 3.229	-	2.821
-	0	-	0)	/	51.2939
=	0.08

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.

Visioneering Technologies Accounts Receivable Related Terms

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Visioneering Technologies (ASX:VTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Visioneering Technologies Inc (ASX:VTI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

10745 Westside Way, Suite 200, Alpharetta, GA, USA, 30009

Website

http://www.vtivision.com

Visioneering Technologies Inc is a medical device company. It designs, manufactures, sales and distributes its NaturalVue daily disposable multifocal contact lenses for adults with Presbyopia and children with Myopia. The company offers NaturalVue MF contact lenses. Its Multifocal contact lens provides Presbyopia patients with near, intermediate, and distance vision and which is much easier for eye care professionals to fit their patients.