Australian Agricultural Co (ASX:AAC) Accounts Receivable : A$17.9 Mil (As of Sep. 2023)

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What is Australian Agricultural Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Australian Agricultural Co's accounts receivables for the quarter that ended in Sep. 2023 was A$17.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Australian Agricultural Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 19.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Australian Agricultural Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was A$-1.02.

Australian Agricultural Co Accounts Receivable Historical Data

The historical data trend for Australian Agricultural Co'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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Australian Agricultural Co Accounts Receivable Chart

Australian Agricultural Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

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17.14

9.40

5.69

5.19

7.59

Australian Agricultural Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															9.40	5.19	15.96	7.59	17.87

Australian Agricultural Co Accounts Receivable Calculation

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

Australian Agricultural Co 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.

Australian Agricultural Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	17.867	/	167.083	*	91
=	19.52

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

Australian Agricultural Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(6.121	+	0.75 * 17.867	+	0.5 * 356.963	-	811.757
-	0	-	0)	/	602.767
=	-1.02

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.

Australian Agricultural Co Accounts Receivable Related Terms

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Australian Agricultural Co (ASX:AAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Australian Agricultural Co Ltd (ASX:AAC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

ASAGF:USA AAYYY:USA AY5:Germany

Address

76 Skyring Terrace, Level 1, Tower A, Gasworks Plaza, Newstead, Brisbane, QLD, AUS, 4006

Website

https://www.aaco.com.au

Australian Agricultural Co Ltd raises cattle in Australia to process and export all over the world. It specializes in grass-fed beef, grain-fed beef, and a Japanese-style beef. The company invests in research and technologies to ensure high quality and enhance productivity. The technologies may focus on performance evaluations, feed efficiency, or disease testing. More opportunities for gathering data exist because the cattle are owned throughout the entire supply chain. The company's processing facility works to get the beef out on a timely basis and will turn to third parties in times of a shortage. The company distributes the beef by tailoring its route-to-market model to capitalize on regional opportunities.