Veltex (Veltex) Accounts Receivable : $0.82 Mil (As of Mar. 2024)

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What is Veltex Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Veltex's accounts receivables for the quarter that ended in Mar. 2024 was $0.82 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Veltex's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 218.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Veltex's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.03.

Veltex Accounts Receivable Historical Data

The historical data trend for Veltex'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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Veltex Accounts Receivable Chart

Veltex Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

0.01

0.58

Veltex Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			0.01	0.13	0.45	0.58	0.82

Veltex Accounts Receivable Calculation

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

Veltex 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.

Veltex's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.821	/	0.343	*	91
=	218.41

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

Veltex's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(0.138	+	0.75 * 0.821	+	0.5 * 0	-	3.233
-	0	-	0)	/	83.8559
=	-0.03

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.

Veltex Accounts Receivable Related Terms

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Veltex (Veltex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veltex Corp (OTCPK:VLXC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 West Madison Street, Suite 1500, Chicago, IL, USA, 60602

Website

https://www.veltex.com

Veltex Corp is a United States-based holding company. The company is engaged in the development and acquisition of companies that have established or advanced the latest modalities in the areas of health, wellness, and recovery. Its market includes rehab centres and treatment centres. The company also acquires real estate properties.