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Commonwealth Bank of Australia (ASX:CBAPF.PFD) Accounts Receivable : A$0.00 Mil (As of Dec. 2023)


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What is Commonwealth Bank of Australia Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Commonwealth Bank of Australia's accounts receivables for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Commonwealth Bank of Australia's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

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


Commonwealth Bank of Australia Accounts Receivable Historical Data

The historical data trend for Commonwealth Bank of Australia'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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Commonwealth Bank of Australia Accounts Receivable Chart

Commonwealth Bank of Australia Annual Data
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Accounts Receivable
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Commonwealth Bank of Australia Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Commonwealth Bank of Australia Accounts Receivable Calculation

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


Commonwealth Bank of Australia 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.

Commonwealth Bank of Australia's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/13717*91
=0.00

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

Commonwealth Bank of Australia'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)
=(99440+0.75 * 0+0.5 * 0-1203130
-0-5)/0
=N/A

* 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.


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.


Commonwealth Bank of Australia Accounts Receivable Related Terms

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Commonwealth Bank of Australia (ASX:CBAPF.PFD) Business Description

Address
11 Harbour Street, Commonwealth Bank Place South, Level 1, Sydney, NSW, AUS, 2000
Commonwealth Bank is Australia's largest bank with operations spanning Australia, New Zealand, and Asia. Its core business is the provision of retail, business, and institutional banking services. The bank has emphasized its focus on banking in recent years with a numbers of asset divestments in wealth management and insurance.

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