Westminster Group (LSE:WSG) Accounts Receivable : £3.15 Mil (As of Dec. 2023)

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What is Westminster Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Westminster Group's accounts receivables for the quarter that ended in Dec. 2023 was £3.15 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Westminster Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 197.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Westminster Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £0.00.

Westminster Group Accounts Receivable Historical Data

The historical data trend for Westminster Group'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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Westminster Group Accounts Receivable Chart

Westminster Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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0.51

0.57

2.53

0.71

1.14

Westminster Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1.14	3.75	1.80	4.82	3.15

Westminster Group Accounts Receivable Calculation

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

Westminster Group 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.

Westminster Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.149	/	2.904	*	91
=	197.90

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

Westminster Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(-0.191	+	0.75 * 3.149	+	0.5 * 0.374	-	2.346
-	0	-	-0.4)	/	330.515
=	0.00

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.

Westminster Group Accounts Receivable Related Terms

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Westminster Group (LSE:WSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Westminster Group PLC (LSE:WSG) » Definitions » Accounts Receivable

Comparable Companies

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3W5:Germany

Address

Blacklocks Hill, Westminster House, Banbury, Oxfordshire, GBR, OX17 2BS

Website

https://www.wsg-corporate.com

Westminster Group PLC designs, supplies, and provides ongoing support for technology security solutions. The company's operating division includes managed services and technology segments. The company generates maximum revenue from the managed services segment. Geographically, the company derives a majority of its revenue from the Middle East and also has a presence in the United Kingdom and Europe, Africa, and the Rest of the World. The activities of the company include the design, supply, and ongoing support of technology security solutions, encompassing a wide range of surveillance, detection, tracking, and interception technologies and the provision of long-term managed services.