Onward Opportunities (LSE:ONWD) Accounts Receivable : £0.00 Mil (As of Jun. 2023)

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What is Onward Opportunities Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Onward Opportunities's accounts receivables for the quarter that ended in Jun. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Onward Opportunities's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Onward Opportunities's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £0.78.

Onward Opportunities Accounts Receivable Historical Data

The historical data trend for Onward Opportunities'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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Onward Opportunities Accounts Receivable Chart

Onward Opportunities Annual Data

Trend

Dec23

Accounts Receivable

Onward Opportunities Semi-Annual Data
	Jun23
Accounts Receivable	-

Onward Opportunities Accounts Receivable Calculation

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

Onward Opportunities 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.

Onward Opportunities's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.252	*	91
=	0.00

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

Onward Opportunities's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(10.031	+	0.75 * 0	+	0.5 * 0	-	0.095
-	0	-	0)	/	12.75
=	0.78

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.

Onward Opportunities Accounts Receivable Related Terms

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Onward Opportunities (LSE:ONWD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Onward Opportunities Ltd (LSE:ONWD) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Royal Avenue, 1 Royal Plaza, Saint Peter Port, GGY, GY1 2HL

Website

https://www.onwardopportunities.co.uk

Onward Opportunities Ltd operates as a non-cellular (closed-ended) company limited by shares. The company's investment objective is to seek to generate risk-adjusted absolute returns for Shareholders through investments in UK smaller companies. Returns are expected to be principally derived from capital growth over a target three to five-year holding period with an appropriate diversification of investment risk.

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