Vectren (Vectren) Accounts Receivable : $231 Mil (As of Sep. 2018)

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What is Vectren Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vectren's accounts receivables for the quarter that ended in Sep. 2018 was $231 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vectren's Days Sales Outstanding for the quarter that ended in Sep. 2018 was 31.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vectren's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-52.28.

Vectren Accounts Receivable Historical Data

The historical data trend for Vectren'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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Vectren Accounts Receivable Chart

Vectren Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Receivable

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259.20

196.00

227.50

225.30

262.90

Vectren Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Accounts Receivable	Get a 7-Day Free Trial															253.50	262.90	237.10	232.00	230.50

Vectren Accounts Receivable Calculation

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

Vectren 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.

Vectren's Days Sales Outstanding for the quarter that ended in Sep. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	230.5	/	665	*	91
=	31.63

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

Vectren's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 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)
=	(28.8	+	0.75 * 230.5	+	0.5 * 119.4	-	4605.7
-	0	-	0)	/	83.1
=	-52.28

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.

Vectren Accounts Receivable Related Terms

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Vectren (Vectren) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Vectren Corp (NYSE:VVC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.vectren.com

Vectren Corp is an energy holding company whose principal business is the ownership of energy utility companies in the American state of Indiana. Vectren Corp has three wholly owned subsidiaries: Indiana Gas Company, Southern Indiana Gas and Electric Company (SIGECO), and Vectren Energy Delivery of Ohio (VEDO). The company derives roughly half of its total revenue from both the natural gas and electricity distribution services provided by SIGECO and VEDO to primarily residential and commercial consumers in Indiana. Vectren Corp's Infrastructure Services business represents the other half of its total revenue generation. Within this unit, the company provides underground pipeline construction and repair services to utilities companies, such as its own subsidiaries.

Executives

Teresa J. Tanner	director	38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Michael L Smith	director	C/O AGILON HEALTH, INC., 6210 E HWY 290, SUITE 450, AUSTIN TX 78723
M Susan Hardwick	officer: EVP & Chief Financial Officer	C/O AMERICAN WATER WORKS COMPANY, INC., 1 WATER STREET, CAMDEN NJ 08102-1658
Robert G Jones	director	OLD NATIONAL BANCORP, ONE MAIN STREET, EVANSVILLE IN 47708
Jean L Wojtowicz	director	C/O VECTREN CORP, 20 NW FOURTH STREET, EVANVILLE IN 47711
Anton H George	director	C/O VECTREN CORP, 20 NW FOURTH STREET, EVANVILLE IN 47711
Degraffenreidt James H Jr	director	1100 H ST NW, WASHINGTON DC 20080
Martin C Jischke	director	1031 HOVDE HALL, W LAFAYETTE IN 47907
Niel C Ellerbrook	director	C/O OLD NATIONAL BANCORP, ONE MAIN STREET, EVANVILLE IN 47708
William G Mays	director	WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Koch Robert L Ii	director