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Albion Venture Capital Trust (LSE:AAVC) Accounts Receivable : £0.00 Mil (As of Sep. 2023)


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What is Albion Venture Capital Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Albion Venture Capital Trust's accounts receivables for the quarter that ended in Sep. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Albion Venture Capital Trust's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £0.13.


Albion Venture Capital Trust Accounts Receivable Historical Data

The historical data trend for Albion Venture Capital Trust'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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Albion Venture Capital Trust Accounts Receivable Chart

Albion Venture Capital Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
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Albion Venture Capital Trust Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Albion Venture Capital Trust Accounts Receivable Calculation

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


Albion Venture Capital Trust 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.

Albion Venture Capital Trust's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/-2.764*91
=

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

Albion Venture Capital Trust's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(18.791+0.75 * 0+0.5 * 0-0.676
-0-0)/139.457
=0.13

* 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.


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.


Albion Venture Capital Trust Accounts Receivable Related Terms

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Albion Venture Capital Trust (LSE:AAVC) Business Description

Traded in Other Exchanges
N/A
Address
1 Benjamin Street, London, GBR, EC1M 5QL
Albion Venture Capital Trust PLC is a UK-based venture capital trust. The principal activity of the company is to select and hold a portfolio of investments in unquoted securities. Its investment objectives are to manage the risk normally associated with investments in smaller unquoted companies while maintaining an attractive yield, by allowing investors to participate in a balanced portfolio of asset-backed businesses. The firm invests in various sectors, including healthcare, renewable energy, education, Business services, Growth and technology, Cash and cash equivalents, and Hotels. Its investments are normally structured as a mixture of equity and loan stock. Loan stock represents the majority of the finance provided and is secured on the assets of the portfolio company.

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