Voyageurs du Monde (XPAR:ALVDM) Accounts Receivable : €167.4 Mil (As of Jun. 2023)

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What is Voyageurs du Monde Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Voyageurs du Monde's accounts receivables for the quarter that ended in Jun. 2023 was €167.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Voyageurs du Monde's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 116.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Voyageurs du Monde's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-15.75.

Voyageurs du Monde Accounts Receivable Historical Data

The historical data trend for Voyageurs du Monde'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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Voyageurs du Monde Accounts Receivable Chart

Voyageurs du Monde Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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87.59

42.27

55.73

104.97

141.82

Voyageurs du Monde Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial															47.98	55.73	94.56	104.97	167.40

Voyageurs du Monde Accounts Receivable Calculation

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

Voyageurs du Monde 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.

Voyageurs du Monde's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	167.397	/	261.249	*	91
=	116.94

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

Voyageurs du Monde's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(360.427	+	0.75 * 167.397	+	0.5 * 1.892	-	548.914
-	0	-	5.645)	/	4.29323
=	-15.75

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.

Voyageurs du Monde Accounts Receivable Related Terms

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Voyageurs du Monde (XPAR:ALVDM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Voyageurs du Monde SA (XPAR:ALVDM) » Definitions » Accounts Receivable

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8Z4:Germany

Address

55 rue Sainte Anne, Paris, FRA, 75002

Website

http://www.vdm.com

Voyageurs du Monde SA is engaged in providing travel services in France and internationally. It organizes individual personalized trips, honeymoons, family holidays, romantic weekend trips, world, and guided tours, cruise tours, and adventure and diving trips to Japan, Italy, Egypt, Australia, South Africa, Indonesia, the United States, Brazil, and Greece among other destinations.

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