Australian Ethical Investment (ASX:AEF) Accounts Receivable : A$6.20 Mil (As of Dec. 2023)

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What is Australian Ethical Investment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Australian Ethical Investment's accounts receivables for the quarter that ended in Dec. 2023 was A$6.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Australian Ethical Investment's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 23.66.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Australian Ethical Investment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.12.

Australian Ethical Investment Accounts Receivable Historical Data

The historical data trend for Australian Ethical Investment'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 Ethical Investment Accounts Receivable Chart

Australian Ethical Investment Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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2.38

1.13

1.32

1.36

2.48

Australian Ethical Investment 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															3.16	1.36	2.94	2.48	6.20

Australian Ethical Investment Accounts Receivable Calculation

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

Australian Ethical Investment 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 Ethical Investment's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.201	/	47.837	*	91
=	23.66

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

Australian Ethical Investment'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)
=	(27.45	+	0.75 * 6.201	+	0.5 * 0	-	18.723
-	0	-	0)	/	112.782
=	0.12

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 Ethical Investment Accounts Receivable Related Terms

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Australian Ethical Investment (ASX:AEF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Australian Ethical Investment Ltd (ASX:AEF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

1OP:Germany

Address

130 Pitt Street, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.australianethical.com.au

Australian Ethical Investment Ltd is an Australia-based company engaged in the operating segment of Funds Management. The company is involved into acting as the responsible entity for a range of public offer ethically managed investment schemes and to act as the Trustee of the Australian Ethical Retail Superannuation Fund (Super Fund). The products of the company are Super, Managed funds, ETF and Pension.