Butn (ASX:BTN) Accounts Receivable : A$75.76 Mil (As of Dec. 2024)

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What is Butn Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Butn's accounts receivables for the quarter that ended in Dec. 2024 was A$75.76 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Butn's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 1,946.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Butn's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was A$-0.04.

Butn Accounts Receivable Historical Data

The historical data trend for Butn'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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Butn Accounts Receivable Chart

Butn Annual Data

Trend

Jun22

Jun23

Jun24

Accounts Receivable

55.45

79.82

79.20

Butn Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Receivable	Get a 7-Day Free Trial			75.50	79.82	85.54	79.20	75.76

Butn Accounts Receivable Calculation

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

Butn 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.

Butn's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	75.756	/	7.102	*	91
=	1,946.70

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

Butn's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(16.927	+	0.75 * 75.756	+	0.5 * 0	-	84.137
-	0	-	0)	/	279.345
=	-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.

Butn Accounts Receivable Related Terms

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Butn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Butn Ltd (ASX:BTN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

229 Balaclava Road, Suite 12, Caulfield North, Melbourne, VIC, AUS, 3161

Website

https://www.butn.co

Butn Ltd is a B2B funder innovating the way SMEs fund and grow their businesses. It focuses on transactional funding helping businesses through their working capital constraints by financing individual transactions, leveraging end debtor's credit. The company earns revenue by charging a fixed funding fee on each transaction funded. The company has one operating segment, namely transactional funding.

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