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Australand Property Group (ASX:ALZ) Accounts Receivable : A$0.0 Mil (As of Jun. 2014)


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What is Australand Property Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Australand Property Group's accounts receivables for the quarter that ended in Jun. 2014 was A$0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Australand Property Group's Days Sales Outstanding for the quarter that ended in Jun. 2014 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Australand Property Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was A$-3.37.


Australand Property Group Accounts Receivable Historical Data

The historical data trend for Australand Property 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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Australand Property Group Accounts Receivable Chart

Australand Property Group Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
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Australand Property Group Semi-Annual Data
Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
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Australand Property Group Accounts Receivable Calculation

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


Australand Property 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.

Australand Property Group's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/331.198*91
=0.00

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

Australand Property Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 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)
=(115.911+0.75 * 0+0.5 * 303.565-2218.686
-0-0)/578.748
=-3.37

* 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.


Australand Property Group Accounts Receivable Related Terms

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Australand Property Group (ASX:ALZ) Business Description

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Address
Australand Property Group is a stapled security comprising a unit in three trusts and a share in the management company. It owns, develops, and manages industrial, residential and investment property. Activities include development of residential land, housing and apartments, development of and investment in income producing commercial and industrial properties, and property management.

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