Lord Resources (ASX:LRD) Accounts Receivable : A$0.07 Mil (As of Dec. 2023)

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What is Lord Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Lord Resources's accounts receivables for the quarter that ended in Dec. 2023 was A$0.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Lord Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 873.39.

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

Lord Resources Accounts Receivable Historical Data

The historical data trend for Lord Resources'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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Lord Resources Accounts Receivable Chart

Lord Resources Annual Data

Trend

Jun22

Jun23

Accounts Receivable

Lord Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	-	0.02	-	0.07

Lord Resources Accounts Receivable Calculation

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

Lord Resources 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.067	/	0.014	*	91
=	873.39

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

Lord Resources'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)
=	(1.443	+	0.75 * 0.067	+	0.5 * 0	-	0.602
-	0	-	0)	/	43.0996
=	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.

Lord Resources Accounts Receivable Related Terms

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Lord Resources (ASX:LRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lord Resources Ltd (ASX:LRD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021

Website

https://www.lordresources.com

Lord Resources Ltd is an exploration company. The primary objective of the company is to focus on mineral exploration of resource opportunities that have the potential to deliver growth to the company for the benefit of shareholders.

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