Auctus Investment Group (ASX:AVC) Accounts Receivable

: A$0.28 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Auctus Investment Group's accounts receivables for the quarter that ended in Dec. 2023 was A$0.28 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Auctus Investment Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.05.

Auctus Investment Group Accounts Receivable Historical Data

The historical data trend for Auctus Investment Group'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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Auctus Investment Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

0.01

0.10

0.54

Auctus Investment Group 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																5.10	0.10	10.42	0.54	0.28

Auctus Investment Group Accounts Receivable Calculation

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

Auctus Investment Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.282	/	0	*	91
=

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

Auctus Investment Group'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)
=	(5.078	+	0.75 * 0.282	+	0.5 * 0	-	8.725
-	0	-	0)	/	75.5317
=	-0.05

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.

Auctus Investment Group Accounts Receivable Related Terms

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Auctus Investment Group (ASX:AVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Auctus Investment Group Ltd (ASX:AVC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Collins Street, Level 23, Melbourne, VIC, AUS, 3000

Website

https://www.auctusinvest.com

Auctus Investment Group Ltd invests in companies and platforms operating in growth sectors with strong tailwinds potential to scale. The company provides access to these private market investments for wholesale, family office, and institutional investors. Private market investments may include asset classes such as Private Equity (PE) & Venture Capital (VC), real estate, debt funds, and infrastructure.

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