VNE SpA (MIL:VNE) Accounts Receivable: €9.01 Mil (As of Dec. 2025)

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MIL:VNE VNE SpA MIL:VNE
36 GF Score
Price €2.72
GF Value €3.74
Valuation Modestly Undervalued
! 3 Warning Signs
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What is VNE SpA Accounts Receivable?

VNE SpA MIL:VNE -2.16% 36 Accounts Receivable is €9.01 Mil as of Dec. 2025. GuruFocus rates MIL:VNE with a GF Score™ of 36/100 and a GF Value™ of €3.74 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. VNE SpA's accounts receivables for the quarter that ended in Dec. 2025 was €9.01 Mil.

Accounts receivable can be measured by Days Sales Outstanding. VNE SpA's Days Sales Outstanding for the quarter that ended in Dec. 2025 was 182.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. VNE SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was €-0.98.


VNE SpA 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.

VNE SpA's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=9.006/9.015*91
=182.32

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

VNE SpA's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 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)
=(2.424+0.75 * 9.006+0.5 * 5.731-15.073
-0-0)/3.105
=-0.98

* 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.


VNE SpA Accounts Receivable Related Terms


VNE SpA Accounts Receivable Historical Data

* Premium members only.

The historical data trend for VNE SpA'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.

VNE SpA Accounts Receivable Chart

VNE SpA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
6.37 11.11 9.28 8.62 9.01

VNE SpA Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Accounts Receivable Get a 7-Day Free Trial 9.28 8.74 8.62 9.06 9.01
MIL:VNE
36GF Score
VNE SpA MIL:VNE
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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VNE SpA Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of €9.01 Mil mean?
VNE SpA (MIL:VNE) has a Accounts Receivable of €9.01 Mil as of Dec. 2025. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on VNE SpA and its competitors.
Is VNE SpA's Accounts Receivable too high?
VNE SpA's current Accounts Receivable is €9.01 Mil. Overall, VNE SpA has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VNE SpA's Accounts Receivable compare to GEV and ETN?
VNE SpA's Accounts Receivable of €9.01 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Industrial Products company?
A good Accounts Receivable depends on the Industrial Products industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on VNE SpA and its competitors. VNE SpA's current Accounts Receivable is €9.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNE SpA stock overvalued right now?
Based on GuruFocus' analysis, VNE SpA (MIL:VNE) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.74, compared to a current price of €2.72 — trading 27.3% below its estimated fair value. The current Accounts Receivable is €9.01 Mil. VNE SpA's overall GF Score™ is 36/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For VNE SpA (MIL:VNE), the current Accounts Receivable is €9.01 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is VNE SpA (MIL:VNE) Overvalued in 2026?

Based on GuruFocus' analysis, VNE SpA stock appears to be undervalued. The current stock price of €2.72 is trading 27.3% below its estimated GF Value™ of €3.74. GuruFocus considers VNE SpA to be Modestly Undervalued.

Key valuation signals for MIL:VNE:

  • Accounts Receivable: €9.01 Mil
  • GF Value™: €3.74 vs. price of €2.72 (27.3% below fair value)
  • GF Score™: 36/100 with 3 warning signs

No single metric tells the full story. See the MIL:VNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VNE SpA Business Description

Address Via Biagioni, 371 loc. Querceta, Seravezza (Lu), ITA, 55047
VNE SpA produces hardware and software for the management of banknotes, coins, and, more generally, payments and transactions through cash and cashless systems, offering a wide range of customized products. It creates, samples, and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket, and wherever there is a need to manage payments or automated transactions.
36GF Score

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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.72
Price
€3.74
GF Value