AKORA Resources (ASX:AKO) Accounts Receivable : A$0.07 Mil (As of Jun. 2024)

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What is AKORA Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AKORA Resources's accounts receivables for the quarter that ended in Jun. 2024 was A$0.07 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. AKORA Resources's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was A$0.02.

AKORA Resources Accounts Receivable Historical Data

The historical data trend for AKORA Resources'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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AKORA Resources Accounts Receivable Chart

AKORA Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

AKORA Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Receivable	Get a 7-Day Free Trial			0.09	-	0.03	-	0.07

AKORA Resources Accounts Receivable Calculation

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

AKORA Resources 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.

AKORA Resources's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.071	/	0	*	91
=

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

AKORA Resources's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=	(2.929	+	0.75 * 0.071	+	0.5 * 0	-	0.791
-	0	-	0)	/	120.487
=	0.02

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.

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AKORA Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AKORA Resources Ltd (ASX:AKO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

12 Anderson Street West, Princes Hill, North Carlton, Ballarat, VIC, AUS, 3350

Website

https://www.akoravy.com

AKORA Resources Ltd is a mining company. The company is engaged in the exploration and development for ferrous metals. The company's projects involved the Bekisopa Project, the Tratramarina Project, and the Ambodilafa Project. It operates in two geographical segments namely Australia and Madagascar.

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