CKX Lands (CKX Lands) Accounts Receivable : $0.11 Mil (As of Dec. 2023)

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What is CKX Lands Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CKX Lands's accounts receivables for the quarter that ended in Dec. 2023 was $0.11 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CKX Lands's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 13.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CKX Lands's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $4.35.

CKX Lands Accounts Receivable Historical Data

The historical data trend for CKX Lands'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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CKX Lands Accounts Receivable Chart

CKX Lands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.10

0.05

0.13

0.11

CKX Lands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															0.13	0.08	0.08	0.07	0.11

CKX Lands Accounts Receivable Calculation

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

CKX Lands 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.105	/	0.69	*	91
=	13.89

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

CKX Lands'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)
=	(9.072	+	0.75 * 0.105	+	0.5 * 0	-	0.495
-	0	-	0)	/	1.99134
=	4.35

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.

CKX Lands Accounts Receivable Related Terms

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CKX Lands (CKX Lands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CKX Lands Inc (AMEX:CKX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2417 Shell Beach Drive, Lake Charles, LA, USA, 70601

Website

https://www.ckxlands.com

CKX Lands Inc is a Louisiana corporation organized to receive non-producing mineral royalties spun off by a southwest Louisiana bank. It operates in three segments: Oil and Gas, Surface, and Timber. The company owns land and mineral interests and collects income through its ownership in the form of oil and gas royalties, surface leases for farming, the right of way and other uses, and timber sales. The company's oil and gas royalties are paid by the operators who own the wells and timber income is paid by the highest bidder for the timber.

Executives

Max H. Hart	director	P.O. BOX 1700, OPELOUSAS LA 70571
William Gray Stream	director	2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601
Daniel J Englander	director	C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712
Scott Adams Stepp	officer: Chief Financial Officer	2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601
Lane T Lamure	director	POST OFFICE BOX 11941, JACKSON WY 83002
Ellington Edward Moreland Ii	director	1232 CYPRESS HARBOR DRIVE, LAKE CHARLES LA 70605
Lee W. Boyer	director	127 W. BROAD ST., 4TH FLOOR, LAKE CHARLES LA 70601
Donald Keith Duplechin	director	131 STATE STREET, LAKE CHARLES LA 70605
Ottley Properties, Llc	10 percent owner	337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005
Minvielle Iv Eugene T	director	P.O. BOX 51684, LAFAYETTE LA 70505
Lee Bert Appleberry	director	315 NORTH WILCREST DRIVE, HOUSTON TX 77079
Charles D Viccellio	director, officer: Vice President & Secretary	4113 BEAU CHENE DRIVE, LAKE CHARLES LA 70605
Elizabeth Brooks Hollins	director	1128 BIRDNEST ROAD, LAKE CHARLES X1 70611
Michael B White	10 percent owner	337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005
Mary W Savoy	director	1407 ALVIN STREET, LAKE CHARLES LA 70601

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