Winton Land (ASX:WTN) Accounts Receivable : A$9.5 Mil (As of Dec. 2023)

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What is Winton Land Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Winton Land's accounts receivables for the quarter that ended in Dec. 2023 was A$9.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Winton Land's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 22.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Winton Land's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.04.

Winton Land Accounts Receivable Historical Data

The historical data trend for Winton Land'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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Winton Land Accounts Receivable Chart

Winton Land Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

4.93

0.01

0.10

Winton Land Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	4.74	0.01	5.71	0.10	9.47

Winton Land Accounts Receivable Calculation

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

Winton Land 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.469	/	77.616	*	91
=	22.26

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

Winton Land'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)
=	(92.31	+	0.75 * 9.469	+	0.5 * 74.27	-	124.181
-	0	-	0)	/	296.614
=	0.04

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.

Winton Land Accounts Receivable Related Terms

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Winton Land (ASX:WTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Winton Land Ltd (ASX:WTN) » Definitions » Accounts Receivable

Traded in Other Exchanges

WIN:New Zealand

Address

10 Viaduct Harbour Avenue, Level 4, Auckland, NTL, NZL, 1010

Website

https://www.winton.nz

Winton Land Ltd is a privately owned developer with projects in New Zealand and Australia. It specializes in developing integrated and fully master-planned communities. The company has a portfolio of several resident lots, dwellings, apartment units, and retirement village units. The company has three reportable segments which are Residential development, Retirement villages, and Commercial portfolio and the company generates the majority of its revenue from residential development.

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