Whitehaven Coal (ASX:WHC) Accounts Receivable : A$362 Mil (As of Dec. 2023)

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What is Whitehaven Coal Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Whitehaven Coal's accounts receivables for the quarter that ended in Dec. 2023 was A$362 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Whitehaven Coal's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 41.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Whitehaven Coal's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.64.

Whitehaven Coal Accounts Receivable Historical Data

The historical data trend for Whitehaven Coal'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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Whitehaven Coal Accounts Receivable Chart

Whitehaven Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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113.44

97.44

95.72

600.70

223.05

Whitehaven Coal 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															146.11	600.70	724.12	223.05	361.52

Whitehaven Coal Accounts Receivable Calculation

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

Whitehaven Coal 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	361.523	/	1589.338	*	91
=	41.51

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

Whitehaven Coal'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)
=	(1599.125	+	0.75 * 361.523	+	0.5 * 142.425	-	1409.772
-	0	-	0)	/	836.601
=	0.64

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.

Whitehaven Coal Accounts Receivable Related Terms

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Whitehaven Coal (ASX:WHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Whitehaven Coal Ltd (ASX:WHC) » Definitions » Accounts Receivable

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WHITF:USA WC2:Germany

Address

259 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.whitehavencoal.com.au

Whitehaven Coal is a large Australian independent thermal and semisoft metallurgical coal miner with mines in the Gunnedah Basin, New South Wales. It also owns the large Vickery and Winchester South deposits in New South Wales and Queensland, respectively. Coal is railed to ports in Newcastle for export to Asian customers. It has agreed to buy Blackwater and Daunia, two coking coal mines in Queensland, from BHP and Mitsubishi, effective mid-2024. Along with expanded production at Maules Creek and Narrabri, this should see its share of salable coal production approach 36 million metric tons from fiscal 2028, from about 13 million in fiscal 2023. Development of Vickery could see around 7 million metric tons of extra equity production, with first output likely from about 2025 in our view.

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