QinetiQ Group (QinetiQ Group) Accounts Receivable : $555 Mil (As of Sep. 2023)

View and export this data going back to 2009. Start your Free Trial

What is QinetiQ Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. QinetiQ Group's accounts receivables for the quarter that ended in Sep. 2023 was $555 Mil.

Accounts receivable can be measured by Days Sales Outstanding. QinetiQ Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 92.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. QinetiQ Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-1.21.

QinetiQ Group Accounts Receivable Historical Data

The historical data trend for QinetiQ 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.

* Premium members only.

QinetiQ Group Accounts Receivable Chart

QinetiQ Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

Get a 7-Day Free Trial

114.23

309.41

469.49

203.43

260.92

QinetiQ Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															427.75	203.43	374.63	260.92	555.32

QinetiQ Group Accounts Receivable Calculation

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

QinetiQ 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	555.322	/	1092.946	*	91
=	92.73

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

QinetiQ Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(137.748	+	0.75 * 555.322	+	0.5 * 93.936	-	1298.762
-	0	-	0)	/	575.9
=	-1.21

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.

QinetiQ Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of QinetiQ Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

QinetiQ Group (QinetiQ Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » QinetiQ Group PLC (OTCPK:QNTQF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

QNTQY:USA QQl:UK QQ.:UK QY6:Germany

Address

Ively Road, Cody Technology Park, Farnborough, Hampshire, GBR, GU14 0LX

Website

https://www.qinetiq.com

QinetiQ Group PLC is a company operating in the global aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others).