Aeris Environmental (ASX:AEI) Accounts Receivable : A$0.55 Mil (As of Dec. 2023)

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What is Aeris Environmental Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aeris Environmental's accounts receivables for the quarter that ended in Dec. 2023 was A$0.55 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Aeris Environmental's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 65.26.

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

Aeris Environmental Accounts Receivable Historical Data

The historical data trend for Aeris Environmental'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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Aeris Environmental Accounts Receivable Chart

Aeris Environmental Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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3.84

5.14

1.85

1.01

0.78

Aeris Environmental 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															0.91	1.01	1.12	0.78	0.55

Aeris Environmental Accounts Receivable Calculation

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

Aeris Environmental 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.55	/	1.538	*	91
=	65.26

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

Aeris Environmental'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)
=	(1.698	+	0.75 * 0.55	+	0.5 * 0.778	-	2.154
-	0	-	0)	/	245.695
=	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.

Aeris Environmental Accounts Receivable Related Terms

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Aeris Environmental (ASX:AEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aeris Environmental Ltd (ASX:AEI) » Definitions » Accounts Receivable

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Address

Unit 5, 26-34 Dunning Avenue, Level 1, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.aeris.com.au

Aeris Environmental Ltd is engaged in the research, development, commercialization of proprietary technologies, and distribution of the AerisGuard products and provides HVAC/R Hygiene and Remediation Technology, and Energy Efficiency services. The company provides various solutions and products such as Aerisview, Aerisguard Polymers, Aeris Smarthub, Bioactive Coil Treatment, Multi Enzyme Coil Cleaner, Surface Treatment, HD Cleaner, and others. Its geographic reportable segments are Australia and International. The company generates a majority of its revenue from Australia.