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PetroVietnam Gas JSC (STC:GAS) Accounts Receivable : ₫20,315,579 Mil (As of Mar. 2024)


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What is PetroVietnam Gas JSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PetroVietnam Gas JSC's accounts receivables for the quarter that ended in Mar. 2024 was ₫20,315,579 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PetroVietnam Gas JSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 79.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PetroVietnam Gas JSC's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₫14,786.62.


PetroVietnam Gas JSC Accounts Receivable Historical Data

The historical data trend for PetroVietnam Gas JSC'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.

PetroVietnam Gas JSC Accounts Receivable Chart

PetroVietnam Gas JSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,263,877.04 9,860,835.73 16,687,245.54 16,080,252.52 16,597,829.73

PetroVietnam Gas JSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17,644,931.54 18,824,452.51 15,994,001.34 16,597,829.73 20,315,579.09

PetroVietnam Gas JSC Accounts Receivable Calculation

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


PetroVietnam Gas JSC 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.

PetroVietnam Gas JSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=20315579.091/23314997.604*91
=79.51

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

PetroVietnam Gas JSC's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(42612692.576+0.75 * 20315579.091+0.5 * 2539448.444-23875666.098
-0-1282420.989)/2296.74
=14,786.62

* 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.


PetroVietnam Gas JSC Accounts Receivable Related Terms

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PetroVietnam Gas JSC (STC:GAS) Business Description

Traded in Other Exchanges
N/A
Address
No. 673 Nguyen Huu Tho Street, 12th, 12Ath, 14th, 15th Floor, PV Gas Building, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City, VNM
PetroVietnam Gas JSC is a Vietnam-based company which is active in the oil and gas industry. The principal activities of the company are to collect, import, transport, store, process, distribute, trade gas and gas products. It is engaged in distributing, trading gas and dry gas products, LNG (liquefied natural gas), CNG (Compressed natural gas), LPG (Liquefied Petroleum Gas) and condensates for industrial and household use as well as managing, operating, maintaining and restoring all gas works. The company also provides services in the gas industry such as renovating, maintaining, and restoring engines, installing conversion equipment for means of transport and agriculture, forestry and others. It operates its business across the Vietnam.

PetroVietnam Gas JSC (STC:GAS) Headlines

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