GE Vernova (GE Vernova) Accounts Receivable : $5,590 Mil (As of Mar. 2024)

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What is GE Vernova Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GE Vernova's accounts receivables for the quarter that ended in Mar. 2024 was $5,590 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GE Vernova's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 70.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GE Vernova's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-98.59.

GE Vernova Accounts Receivable Historical Data

The historical data trend for GE Vernova'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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GE Vernova Accounts Receivable Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

6,500.00

7,485.00

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Accounts Receivable	-	6,500.00	-	7,485.00	5,590.00

GE Vernova Accounts Receivable Calculation

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

GE Vernova 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.

GE Vernova's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5590	/	7259	*	91
=	70.27

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

GE Vernova's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(3255	+	0.75 * 5590	+	0.5 * 8859	-	37891
-	0	-	1007)	/	274.086
=	-98.59

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.

GE Vernova Accounts Receivable Related Terms

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GE Vernova (GE Vernova) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GE Vernova Inc (NYSE:GEV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

Y5C:Germany

Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova operates through its subsidiaries is a purpose-built global energy company spanning the power, wind and electrification segments, supported by advanced research, consulting and financial services accelerators. It helps customers improve energy efficiency and deliver electricity that is critical to improving health, safety and quality of life.

GE Vernova (GE Vernova) Headlines

From GuruFocus

GE Vernova to Announce First Quarter 2024 Financial Results on April 25

By Business Wire • 04-18-2024