Barrick Gold (Barrick Gold) Accounts Receivable : $246 Mil (As of Dec. 2023)

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What is Barrick Gold Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Barrick Gold's accounts receivables for the quarter that ended in Dec. 2023 was $246 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Barrick Gold's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 7.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Barrick Gold's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-9.82.

Barrick Gold Accounts Receivable Historical Data

The historical data trend for Barrick Gold'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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Barrick Gold Accounts Receivable Chart

Barrick Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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68.00

265.00

242.00

188.00

246.00

Barrick Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															188.00	557.00	603.00	561.00	246.00

Barrick Gold Accounts Receivable Calculation

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

Barrick Gold 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	246	/	3059	*	91
=	7.34

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

Barrick Gold'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)
=	(4148	+	0.75 * 246	+	0.5 * 1782	-	13809
-	0	-	8661)	/	1755.57
=	-9.82

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.

Barrick Gold Accounts Receivable Related Terms

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Barrick Gold (Barrick Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Barrick Gold Corp (NYSE:GOLD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ABX:Peru ABX.N:Mexico 0R22:UK ABR:Germany ABR:Germany ABR:Germany ABR:Germany ABX:Canada

Address

161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.barrick.com

Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2022, the firm produced nearly 4.1 million attributable ounces of gold and about 440 million pounds of copper. At end 2022, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.