Augustus Minerals (ASX:AUG) Accounts Receivable : A$0.19 Mil (As of Dec. 2023)

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What is Augustus Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Augustus Minerals's accounts receivables for the quarter that ended in Dec. 2023 was A$0.19 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. Augustus Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.04.

Augustus Minerals Accounts Receivable Historical Data

The historical data trend for Augustus Minerals'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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Augustus Minerals Accounts Receivable Chart

Augustus Minerals Annual Data

Trend

Jun22

Jun23

Accounts Receivable

0.01

Augustus Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	0.01	0.05	-	0.19

Augustus Minerals Accounts Receivable Calculation

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

Augustus Minerals 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.191	/	0	*	91
=

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

Augustus Minerals'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)
=	(5.748	+	0.75 * 0.191	+	0.5 * 0	-	0.86
-	0	-	0)	/	136.125
=	0.04

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.

Augustus Minerals Accounts Receivable Related Terms

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Augustus Minerals (ASX:AUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Augustus Minerals Ltd (ASX:AUG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 – 43 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.augustusminerals.com.au

Augustus Minerals Ltd is an Exploration Company exploring for Rare Earths, Lithium, Copper-Gold, and Nickel-copper-PGEs in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,905km2 of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The company's projects include Crawford Bore Area, Lyons Central Area, Minnie Springs Area, and Mt Phillips Area.

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