West Wits Mining (ASX:WWI) Accounts Receivable : A$0.04 Mil (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is West Wits Mining Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. West Wits Mining's accounts receivables for the quarter that ended in Dec. 2023 was A$0.04 Mil.

Accounts receivable can be measured by Days Sales Outstanding. West Wits Mining's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 356.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. West Wits Mining's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.00.

West Wits Mining Accounts Receivable Historical Data

The historical data trend for West Wits Mining'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.

* Premium members only.

West Wits Mining Accounts Receivable Chart

West Wits Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

Get a 7-Day Free Trial

0.93

0.02

0.26

0.55

West Wits Mining 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															-	0.55	0.07	-	0.04

West Wits Mining Accounts Receivable Calculation

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

West Wits Mining 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.

West Wits Mining's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.041	/	0.021	*	91
=	356.31

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

West Wits Mining'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)
=	(1.434	+	0.75 * 0.041	+	0.5 * 0	-	2.9
-	0	-	-7.654)	/	2430.39
=	0.00

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.

West Wits Mining Accounts Receivable Related Terms

Thank you for viewing the detailed overview of West Wits Mining's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

West Wits Mining (ASX:WWI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Wits Mining Ltd (ASX:WWI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

WMWWF:USA

Address

400 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.westwitsmining.com

West Wits Mining Ltd is an exploration and development company. It focuses on conglomerate gold in two regions, Pilbara and Witwatersrand. The reportable segments of the company are based on the geographic locations of South Africa and Australia. Mining and exploration activities are carried out in South African segments, whereas the Australian segment reflects only the administrative arm of the business that supports the mining and exploration activities in the other two geographical locations. The projects operated by the company are Mt Cecelia, Tambina, Witwatersrand Basin, and Derewo River Gold project. The company operates in one operating segment which is mining & exploration. Geographically it operates in South Africa, Indonesia and Australia.

West Wits Mining (ASX:WWI) Headlines

No Headlines