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The a2 Milk Co (The a2 Milk Co) Accounts Receivable : $54 Mil (As of Dec. 2023)


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What is The a2 Milk Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The a2 Milk Co's accounts receivables for the quarter that ended in Dec. 2023 was $54 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The a2 Milk Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 19.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The a2 Milk Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.52.


The a2 Milk Co Accounts Receivable Historical Data

The historical data trend for The a2 Milk Co'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.

* Premium members only.

The a2 Milk Co Accounts Receivable Chart

The a2 Milk Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.38 41.00 34.00 42.83 35.42

The a2 Milk Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.02 42.83 50.02 35.42 54.48

The a2 Milk Co Accounts Receivable Calculation

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


The a2 Milk Co 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.

The a2 Milk Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=54.482/504.729*91
=19.70

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), The a2 Milk Co's accounts receivable are only considered to be worth 75% of book value:

The a2 Milk Co'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)
=(523.633+0.75 * 54.482+0.5 * 122.326-249.477
-0--1.403)/722.935
=0.52

* 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.


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.


The a2 Milk Co Accounts Receivable Related Terms

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The a2 Milk Co (The a2 Milk Co) Business Description

Address
51 Shortland Street, P.O. Box 163, Level 10, Auckland, NTL, NZL, 1010
A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.

The a2 Milk Co (The a2 Milk Co) Headlines

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