Althea Group Holdings (Althea Group Holdings) Accounts Receivable : $2.39 Mil (As of Dec. 2023)

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What is Althea Group Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Althea Group Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $2.39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Althea Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 43.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Althea Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.02.

Althea Group Holdings Accounts Receivable Historical Data

The historical data trend for Althea Group Holdings'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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Althea Group Holdings Accounts Receivable Chart

Althea Group Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

0.18

0.55

1.90

4.28

2.72

Althea Group Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial						1.62	4.28	5.03	2.72	2.39

Althea Group Holdings Accounts Receivable Calculation

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

Althea Group Holdings 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.

Althea Group Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.388	/	10.08	*	91
=	43.24

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

Althea Group Holdings'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)
=	(1.513	+	0.75 * 2.388	+	0.5 * 4.233	-	15.302
-	0	-	0)	/	401.084
=	-0.02

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.

Althea Group Holdings Accounts Receivable Related Terms

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Althea Group Holdings (Althea Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Althea Group Holdings Ltd (OTCPK:AHGHF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AGH:Australia

Address

360 Elizabeth Street, Suite 2, Level 50, Melbourne, VIC, AUS, 3000

Website

https://www.althea.life

Althea Group Holdings Ltd is engaged in the manufacturing, sales, and distribution of cannabis-based medicines and recreational cannabis products. It operates in three reportable segments Pharmaceutical Cannabis, Recreational Cannabis, and Corporate in which it generates the majority of its revenue from Pharmaceutical Cannabis. It operates into four geographic segments: Australia, the United Kingdom, Canada, and others. The company earns key revenue from Australia and through the sale of medicinal cannabis products.

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