Viva Energy Group (ASX:VEA) Accounts Receivable : A$1,606 Mil (As of Dec. 2023)

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What is Viva Energy Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Viva Energy Group's accounts receivables for the quarter that ended in Dec. 2023 was A$1,606 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Viva Energy Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 22.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Viva Energy Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-3.08.

Viva Energy Group Accounts Receivable Historical Data

The historical data trend for Viva Energy 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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Viva Energy Group Accounts Receivable Chart

Viva Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1,008.50

658.50

1,157.20

1,714.40

1,605.90

Viva Energy Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial							1,157.20	2,147.40	1,714.40	1,788.70	1,605.90

Viva Energy Group Accounts Receivable Calculation

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

Viva Energy 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.

Viva Energy 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
=	1605.9	/	12892.6	*	91
=	22.73

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

Viva Energy 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)
=	(215.5	+	0.75 * 1605.9	+	0.5 * 1798	-	7071.7
-	0	-	0)	/	1544.17
=	-3.08

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.

Viva Energy Group Accounts Receivable Related Terms

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Viva Energy Group (ASX:VEA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Viva Energy Group Ltd (ASX:VEA) » Definitions » Accounts Receivable

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2AH:Germany

Address

720 Bourke Street, Level 16, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.vivaenergy.com.au

Viva is Australia's second-largest vertically integrated refined transport fuel supplier. We rate Viva as the second-most-significant pipeline owner, and at approximately 1,155 locations, Viva supplies the third-largest number of retail sites in Australia behind Ampol at approximately 1,985 and BP at 1,400.Vitol bought Shell's Australian downstream operations in 2014, and renamed them Viva Energy. Viva subsequently bought Shell's Australian aviation operations and a 50% investment in Liberty Oil. In 2016, Viva sold (and leased back) a portfolio of its retail sites to Viva Energy REIT and listed Viva Energy REIT on the ASX. It has since sold its entire REIT stake for AUD 734 million.