Vast Renewables (Vast Renewables) Accounts Receivable : $0.62 Mil (As of Dec. 2023)

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What is Vast Renewables Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vast Renewables's accounts receivables for the quarter that ended in Dec. 2023 was $0.62 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vast Renewables's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 347.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vast Renewables's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.10.

Vast Renewables Accounts Receivable Historical Data

The historical data trend for Vast Renewables'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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Vast Renewables Accounts Receivable Chart

Vast Renewables Annual Data

Trend

Jun20

Jun21

Jun22

Accounts Receivable

0.04

0.15

Vast Renewables Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			-	-	0.04	-	0.62

Vast Renewables Accounts Receivable Calculation

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

Vast Renewables 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.624	/	0.328	*	91
=	347.20

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

Vast Renewables'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)
=	(16.509	+	0.75 * 0.624	+	0.5 * 0	-	19.905
-	0	-	0)	/	29.2919
=	-0.10

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.

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Vast Renewables (Vast Renewables) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vast Renewables Ltd (NAS:VSTE) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

226-230 Liverpool Street, Darlinghurst, NSW, AUS, 2010

Website

https://www.vast.energy

Vast Solar Pty Ltd is a clean, renewable energy company specializing in the design and manufacturing of concentrated solar thermal power (CSP) systems to generate carbon-free, utility-scale electricity, industrial heat, and green fuels. The Company's differentiated modular CSP system, utilizing proprietary sodium loop heat transfer technology, provides customers with a solution to the enduring challenge of intermittent renewable energy through 24/7 dispatchable power and heat.

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