GV (Visionary Holdings) Accounts Receivable : $0.02 Mil (As of Mar. 2024)

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What is Visionary Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Visionary Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $0.02 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Visionary Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Visionary Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-20.17.

Visionary Holdings Accounts Receivable Historical Data

The historical data trend for Visionary 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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Visionary Holdings Accounts Receivable Chart

Visionary Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

0.47

0.09

0.02

Visionary Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial				-	0.02	0.09	0.07	0.02

Visionary Holdings Accounts Receivable Calculation

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

Visionary 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.02	/	4.427	*	91
=	0.82

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

Visionary Holdings'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)
=	(0.621	+	0.75 * 0.02	+	0.5 * 0	-	70.114
-	0	-	-0.016)	/	3.44406
=	-20.17

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.

Visionary Holdings Accounts Receivable Related Terms

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Visionary Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Visionary Holdings Inc (NAS:GV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Moatfield Drive, Unit 1003, Toronto, ON, CAN, M3B 0A2

Website

https://www.visiongroupca.com

Visionary Holdings Inc is a private education providing company located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The company aims to provide access to secondary, college, undergraduate and graduate, and vocational education to students in Canada through technological innovation so that more people can learn, grow, and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the company has been serving and will continue to serve both Canadian and international students.