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Nippon Active Value Fund (LSE:NAVF) Accounts Receivable : £0.00 Mil (As of Dec. 2023)


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What is Nippon Active Value Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nippon Active Value Fund's accounts receivables for the quarter that ended in Dec. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nippon Active Value Fund's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nippon Active Value Fund's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £0.11.


Nippon Active Value Fund Accounts Receivable Historical Data

The historical data trend for Nippon Active Value Fund'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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Nippon Active Value Fund Accounts Receivable Chart

Nippon Active Value Fund Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- - - -

Nippon Active Value Fund Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial - - - - -

Nippon Active Value Fund Accounts Receivable Calculation

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


Nippon Active Value Fund 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.

Nippon Active Value Fund's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/37.847*91
=0.00

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

Nippon Active Value Fund's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(22.257+0.75 * 0+0.5 * 0-0.523
-0-0)/189.142
=0.11

* 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.


Nippon Active Value Fund Accounts Receivable Related Terms

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Nippon Active Value Fund (LSE:NAVF) Business Description

Traded in Other Exchanges
Address
125 London Wall, 6th Floor, Barbican, London, GBR, EC2Y 5AS
Nippon Active Value Fund PLC is a closed-ended investment company. The investment objective of the company is to provide shareholders with attractive capital growth through the active management of a focused portfolio of quoted companies which have the majority of their operations in, or revenue derived from, Japan.

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