Centamin (Centamin) Accounts Receivable : $44.9 Mil (As of Dec. 2023)

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What is Centamin Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Centamin's accounts receivables for the quarter that ended in Dec. 2023 was $44.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Centamin's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 17.60.

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

Centamin Accounts Receivable Historical Data

The historical data trend for Centamin'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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Centamin Accounts Receivable Chart

Centamin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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34.70

12.49

29.15

29.83

44.92

Centamin 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															29.15	28.78	29.83	39.26	44.92

Centamin Accounts Receivable Calculation

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

Centamin 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	44.917	/	465.65	*	91
=	17.60

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

Centamin'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)
=	(93.322	+	0.75 * 44.917	+	0.5 * 149.457	-	144.637
-	0	-	13.138)	/	1157.78
=	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.

Centamin Accounts Receivable Related Terms

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Centamin (Centamin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centamin PLC (OTCPK:CELTF) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

2 Mulcaster Street, Saint Helier, JEY, JE2 3NJ

Website

https://www.centamin.com

Centamin PLC is a mineral exploration, development, and mining company. It represents three operating segments two in the business of exploration and one in the mining of precious metals. Centamin's primary asset is the Sukari Gold Mine located in southern Egypt, which is jointly owned by the company's subsidiary, Pharaoh Gold Mines NL. Ore is provided from two mining operations: a large-scale open-pit provides the majority of the ore feed, with the remainder from a higher-grade underground mine. The ore is then processed at an on-site plant. The company also owns exploration and development assets in Burkina Faso and Cote d'Ivoire.