Gold Fields (Gold Fields) Accounts Receivable : $69 Mil (As of Dec. 2023)

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What is Gold Fields Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gold Fields's accounts receivables for the quarter that ended in Dec. 2023 was $69 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gold Fields's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 5.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gold Fields's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.95.

Gold Fields Accounts Receivable Historical Data

The historical data trend for Gold Fields'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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Gold Fields Accounts Receivable Chart

Gold Fields Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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41.70

49.80

76.60

55.80

68.70

Gold Fields Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															76.60	-	55.80	-	68.70

Gold Fields Accounts Receivable Calculation

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

Gold Fields 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	68.7	/	2234.4	*	91
=	5.61

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

Gold Fields'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)
=	(648.7	+	0.75 * 68.7	+	0.5 * 827.9	-	3606.5
-	0	-	143.7)	/	893.541
=	-2.95

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.

Gold Fields Accounts Receivable Related Terms

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Gold Fields (Gold Fields) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Fields Ltd (NYSE:GFI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

GFI:South Africa GFIOF:USA EDGA:Germany EDG:Germany EDG:Germany EDGA:Germany EDG:Germany G1FI34:Brazil GFI:Argentina

Address

150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.goldfields.com

Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.