Sivota (LSE:SIV) Accounts Receivable : £0.97 Mil (As of Jun. 2023)

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What is Sivota Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sivota's accounts receivables for the quarter that ended in Jun. 2023 was £0.97 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sivota's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 71.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sivota's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £-0.27.

Sivota Accounts Receivable Historical Data

The historical data trend for Sivota'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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Sivota Accounts Receivable Chart

Sivota Annual Data

Trend

Dec21

Dec22

Accounts Receivable

2.03

Sivota Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
Accounts Receivable	-	1.20	2.03	0.97

Sivota Accounts Receivable Calculation

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

Sivota 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.968	/	2.478	*	91
=	71.29

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

Sivota'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)
=	(1.914	+	0.75 * 0.968	+	0.5 * 0	-	2.888
-	0	-	3.103)	/	12.585
=	-0.27

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.

Sivota Accounts Receivable Related Terms

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Sivota (LSE:SIV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sivota PLC (LSE:SIV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

52 Lime Street, The Scalpel, 18th Floor, London, GBR, EC3M 7AF

Website

https://www.sivotacapital.com

Sivota PLC is an opportunity firm that invests in mature, reputable companies. It provides capital in special situations, buyouts, and growth opportunities, facilitating expansion. the company has acquired majority stakes in Apester Limited and it is the first acquisition of the company. Geographical presence of the company is European countries, North America, UK, Ireland and Other countries.

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