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Australian Bond Exchange Holdings (ASX:ABE) Accounts Receivable : A$0.57 Mil (As of Dec. 2023)


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What is Australian Bond Exchange Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Australian Bond Exchange Holdings's accounts receivables for the quarter that ended in Dec. 2023 was A$0.57 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Australian Bond Exchange Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Australian Bond Exchange Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.00.

Australian Bond Exchange Holdings Accounts Receivable Historical Data

The historical data trend for Australian Bond Exchange Holdings'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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Australian Bond Exchange Holdings Accounts Receivable Chart

Australian Bond Exchange Holdings Annual Data
Trend Jun21 Jun22 Jun23
Accounts Receivable
0.95 0.53 0.27

Australian Bond Exchange Holdings Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable 0.69 0.53 0.73 0.27 0.57

Australian Bond Exchange Holdings Accounts Receivable Calculation

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

Australian Bond Exchange Holdings 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.

Australian Bond Exchange Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.574/2.487*91
=42.12

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

Australian Bond Exchange Holdings'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)
=(2.785+0.75 * 0.574+0.5 * 0-2.943
-0-0.033)/114.859
=0.00

* 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.

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.

Australian Bond Exchange Holdings Accounts Receivable Related Terms

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Australian Bond Exchange Holdings (ASX:ABE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Australian Bond Exchange Holdings Ltd (ASX:ABE) » Definitions » Accounts Receivable
Comparable Companies
ASX:FFG ASX:EQS ASX:FNX ASX:BIR ASX:ASW ASX:AFA ASX:SWF ASX:RZI MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688 HKSE:03908 SHSE:601211
Traded in Other Exchanges
N/A
Address
15 Castlereagh St, Level 19, Sydney, NSW, AUS, 2000
Website
https://www.bondexchange.com.au
Australian Bond Exchange Holdings Ltd is engaged in provision of financial advice and dealing services in the OTC bond market to funds, ADIs and individuals and advisory services to Australian companies. The company generates revenue from Securities trading; Brokerage on transactions as part of financial advice and dealing services division; and Origination and arranging fees.