Science Group (LSE:SAG) Accounts Receivable : £13.8 Mil (As of Dec. 2023)

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What is Science Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Science Group's accounts receivables for the quarter that ended in Dec. 2023 was £13.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Science Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 43.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Science Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-0.23.

Science Group Accounts Receivable Historical Data

The historical data trend for Science 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.

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Science Group Accounts Receivable Chart

Science Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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7.27

8.08

9.33

9.78

13.80

Science Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															9.33	11.78	9.78	18.85	13.80

Science Group Accounts Receivable Calculation

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

Science 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	13.799	/	57.242	*	91
=	43.99

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

Science Group'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)
=	(32.83	+	0.75 * 13.799	+	0.5 * 1.332	-	54.464
-	0	-	0)	/	45.459
=	-0.23

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.

Science Group Accounts Receivable Related Terms

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Science Group (LSE:SAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Science Group PLC (LSE:SAG) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Harston Mill, Harston, Cambridge, GBR, CB22 7GG

Website

https://www.sciencegroup.com

Science Group PLC provides outsourced science and technology-based consultancy, advisory, and product development services to a wide range of industries and markets. The company operates in three segments: Services Operating Business, Product Operating Business, and Freehold Properties. Services Operating Business includes all consultancy fees, and other revenue includes recharged materials, expenses, and licenses. Product Operating Business includes sales of chips and modules which are incorporated into digital radios. The Freehold Properties segment includes the results for the two freehold properties. Its geographical segments are the United Kingdom, Other European Countries, North America, and Asia, of which the majority of its revenue comes from the United Kingdom.

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