Orange Minerals NL (ASX:OMX) Accounts Receivable : A$0.07 Mil (As of Dec. 2023)

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What is Orange Minerals NL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Orange Minerals NL'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.

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

Orange Minerals NL Accounts Receivable Historical Data

The historical data trend for Orange Minerals NL'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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Orange Minerals NL Accounts Receivable Chart

Orange Minerals NL Annual Data

Trend

Jun22

Jun23

Accounts Receivable

Orange Minerals NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	0.14	-	0.04	-	0.07

Orange Minerals NL Accounts Receivable Calculation

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

Orange Minerals NL 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.

Orange Minerals NL's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.072	/	0	*	91
=

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

Orange Minerals NL'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)
=	(1.987	+	0.75 * 0.072	+	0.5 * 0	-	0.322
-	0	-	0)	/	85.7502
=	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.

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Orange Minerals NL (ASX:OMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orange Minerals NL (ASX:OMX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.orangeminerals.com.au

Orange Minerals NL is a gold and copper exploration company. The company has only one operating segment which is exploration in Australia. The key projects of the company are Calarie Project, the Wisemans Creek Project, the Copper Hill Project, the Boda Project, the Majestic Project and the Kurnalpi Project.

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