Thames Ventures VCT 2 (LSE:D467) Change In Receivables : £-1.06 Mil (TTM As of Sep. 2023)

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What is Thames Ventures VCT 2 Change In Receivables?

Thames Ventures VCT 2's change in receivables for the quarter that ended in Sep. 2023 was £-0.28 Mil. It means Thames Ventures VCT 2's Accounts Receivable increased by £0.28 Mil from Mar. 2023 to Sep. 2023 .

Thames Ventures VCT 2's change in receivables for the fiscal year that ended in Mar. 2023 was £1.81 Mil. It means Thames Ventures VCT 2's Accounts Receivable declined by £1.81 Mil from Mar. 2022 to Mar. 2023 .

Thames Ventures VCT 2's Accounts Receivable for the quarter that ended in Sep. 2023 was £0.00 Mil.

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 Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thames Ventures VCT 2's liquidation value for the six months ended in Sep. 2023 was £7.40 Mil.

Thames Ventures VCT 2 Change In Receivables Historical Data

The historical data trend for Thames Ventures VCT 2's Change In Receivables 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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Thames Ventures VCT 2 Change In Receivables Chart

Thames Ventures VCT 2 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-0.10

-0.22

-0.27

-3.57

1.81

Thames Ventures VCT 2 Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial															0.29	-3.86	2.59	-0.78	-0.28

Thames Ventures VCT 2 Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.06 Mil.

Thames Ventures VCT 2 (LSE:D467) Change In Receivables 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 Receivable are being managed.

Thames Ventures VCT 2's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	-6.025	*	91
=

2. In Ben Graham's calculation of liquidation value, Thames Ventures VCT 2's accounts receivable are only considered to be worth 75% of book value:

Thames Ventures VCT 2's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8.018	-	0.621	+	0.75 * 0	+	0.5 * 0
=	7.40

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Thames Ventures VCT 2 (LSE:D467) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Thames Ventures VCT 2 PLC (LSE:D467) » Definitions » Change In Receivables

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Address

3 Lower Thames Street, 6th Floor, Saint Magnus House, London, GBR, EC3R 6HD

Website

https://www.foresightgroup.eu

Thames Ventures VCT 2 PLC is a venture capital trust. Its investment objectives are to invest in a portfolio of Venture Capital Investments and Structured Products, reduce the risks normally associated with Venture Capital Investments, target an annual dividend of at least 5.00p per ordinary, B share and D Share, provide a full exit for shareholders in approximately six years at no discount to NAV, and maintain VCT status to enable shareholders to retain their 30.0% income tax relief on investment.

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