Zanaga Iron Ore Co (LSE:ZIOC) Accounts Receivable

: £0.00 Mil (As of Jun. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Zanaga Iron Ore Co's accounts receivables for the quarter that ended in Jun. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Zanaga Iron Ore Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £-0.00.

Zanaga Iron Ore Co Accounts Receivable Historical Data

The historical data trend for Zanaga Iron Ore Co'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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Zanaga Iron Ore Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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Zanaga Iron Ore Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Zanaga Iron Ore Co Accounts Receivable Calculation

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

Zanaga Iron Ore Co 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.

Zanaga Iron Ore Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

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

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

Zanaga Iron Ore Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.454	+	0.75 * 0	+	0.5 * 0	-	1.394
-	0	-	0)	/	605.375
=	-0.00

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.

Zanaga Iron Ore Co Accounts Receivable Related Terms

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Zanaga Iron Ore Co (LSE:ZIOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zanaga Iron Ore Co Ltd (LSE:ZIOC) » Definitions » Accounts Receivable

Traded in Other Exchanges

ZIOC.GB:UK 6ZA:Germany

Address

Wickhams Cay II, Coastal Building, P.O. Box 2221, 2nd Floor, Tortola, Road Town, VGB

Website

https://www.zanagairon.com

Zanaga Iron Ore Co Ltd is an iron ore exploration and development company. The company holds an interest in the Zanaga Iron Ore Project located in the Republic of Congo which is also known as Congo-Brazzaville. Its long-term objective is to maximize the value of its sole asset and the Project which is currently focused on managing, developing, and constructing a world-class iron ore asset capable of mining, processing, transporting, and exporting iron ore at full production.

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