Nuix (ASX:NXL) Accounts Receivable : A$72.8 Mil (As of Dec. 2023)

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What is Nuix Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nuix's accounts receivables for the quarter that ended in Dec. 2023 was A$72.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nuix's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 134.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nuix's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.10.

Nuix Accounts Receivable Historical Data

The historical data trend for Nuix'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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Nuix Accounts Receivable Chart

Nuix Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

60.20

63.77

50.81

68.53

Nuix Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			69.31	50.81	61.07	68.53	72.76

Nuix Accounts Receivable Calculation

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

Nuix 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	72.761	/	98.441	*	91
=	134.89

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

Nuix'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)
=	(23.959	+	0.75 * 72.761	+	0.5 * 0	-	111.027
-	0	-	0)	/	321.565
=	-0.10

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.

Nuix Accounts Receivable Related Terms

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Nuix (ASX:NXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nuix Ltd (ASX:NXL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NXLLF:USA

Address

1 Market Street, Level 27, Sydney, NSW, AUS, 2000

Website

https://www.nuix.com

Nuix Ltd is engaged in providing software-related services. It is engaged in the development and distribution of software. The company provides services to advisory firms, litigation support vendors, corporations, government and law enforcement agencies. Its products include Nuix Discover, Nuix Investigate, and Nuix Workstation among others. The group's revenue primarily consists of license fees from customers' right to use the software. Its customers are located in the regions of Asia Pacific, the Americas, and Europe, Middle East and Africa.