Virgin Media (LSE:VMED) Accounts Receivable : £0 Mil (As of Mar. 2013)

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What is Virgin Media Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Virgin Media's accounts receivables for the quarter that ended in Mar. 2013 was £0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Virgin Media's Days Sales Outstanding for the quarter that ended in Mar. 2013 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. Virgin Media's Net-Net Working Capital per share for the quarter that ended in Mar. 2013 was £-26.45.

Virgin Media Accounts Receivable Historical Data

The historical data trend for Virgin Media'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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Virgin Media Accounts Receivable Chart

Virgin Media Annual Data

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Accounts Receivable

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Virgin Media Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Virgin Media Accounts Receivable Calculation

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

Virgin Media 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.

Virgin Media's Days Sales Outstanding for the quarter that ended in Mar. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	1042.5	*	91
=	0.00

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

Virgin Media's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2013 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)
=	(318.6	+	0.75 * 0	+	0.5 * 0	-	7454.7
-	0	-	0)	/	269.800
=	-26.45

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.

Virgin Media Accounts Receivable Related Terms

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Virgin Media (LSE:VMED) Business Description

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Virgin Media Inc is engaged in the entertainment and communications business, being a quad-play provider of broadband internet, television, mobile telephony and fixed line telephony services that offer a variety of entertainment and communications services to residential and commercial customers throughout the U.K. The group is a provider of residential broadband internet, pay television and fixed line telephony services by number of customers. In addition, it provides a complete portfolio of voice, data and internet solutions to businesses, public sector organizations and service providers in the U.K. through Virgin Media Business. Its two reporting segments are Consumer and Business. Consumer segment includes the distribution of television programming over the cable network and the provision of broadband and fixed line telephone services to residential consumers, both on and off the cable network. The Consumer segment faces competition from BT, British Sky Broadcasting Group PLC, or BSkyB, TalkTalk Telecom Group PLC, or TalkTalk, Vodafone, EE and O2. Business segment includes the voice and data telecommunication and internet solutions services that provide through its cable network and third party networks to businesses, public sector organizations and service providers. The Business segment is managed through Virgin Media Business offers a broad portfolio of voice, data and internet solutions to commercial and public sector organizations in the U.K., ranging from analog telephony to managed data networks and applications. Virgin Media Business competes primarily with traditional network operators such as BT and C&W. It also competes with regional providers, such as COLTTelecom Group PLC.

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