Zenova Group (LSE:ZED) Accounts Receivable : £0.21 Mil (As of May. 2024)

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What is Zenova Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zenova Group's accounts receivables for the quarter that ended in May. 2024 was £0.21 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Zenova Group's Days Sales Outstanding for the quarter that ended in May. 2024 was 716.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zenova Group's Net-Net Working Capital per share for the quarter that ended in May. 2024 was £-0.00.

Zenova Group Accounts Receivable Historical Data

The historical data trend for Zenova 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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Zenova Group Accounts Receivable Chart

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Accounts Receivable

0.01

0.07

Zenova Group Semi-Annual Data
	May21	Nov21	May22	Nov22	May23	Nov23	May24
Accounts Receivable	Get a 7-Day Free Trial			0.29	0.01	0.11	0.07	0.21

Zenova Group Accounts Receivable Calculation

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

Zenova 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.

Zenova Group's Days Sales Outstanding for the quarter that ended in May. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.208	/	0.053	*	91
=	716.23

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

Zenova Group's Net-Net Working Capital Per Share for the quarter that ended in May. 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)
=	(0.037	+	0.75 * 0.208	+	0.5 * 0.267	-	0.68
-	0	-	0)	/	140.226
=	-0.00

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.

Zenova Group Accounts Receivable Related Terms

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Zenova Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zenova Group PLC (LSE:ZED) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture, and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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