Candy Club Holdings (ASX:CLB) Accounts Receivable : A$0.01 Mil (As of Jun. 2023)

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What is Candy Club Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Candy Club Holdings's accounts receivables for the quarter that ended in Jun. 2023 was A$0.01 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. Candy Club Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was A$-0.00.

Candy Club Holdings Accounts Receivable Historical Data

The historical data trend for Candy Club 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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Candy Club Holdings Accounts Receivable Chart

Candy Club Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.22

0.57

2.59

Candy Club Holdings Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial						2.59	1.53	-	0.01	-

Candy Club Holdings Accounts Receivable Calculation

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

Candy Club 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.

Candy Club Holdings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.011	/	0	*	91
=

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

Candy Club Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.007	+	0.75 * 0.011	+	0.5 * 0	-	0.098
-	0	-	0)	/	99.9997
=	-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.

Candy Club Holdings Accounts Receivable Related Terms

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Candy Club Holdings (ASX:CLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Candy Club Holdings Ltd (ASX:CLB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Kent Street, Level 2, Sydney, NSW, AUS, 90230

Website

https://www.candyclub.com

Candy Club Holdings Ltd is engaged in two components namely the B2C business and B2B business. Under the B2C business, the company sells subscriptions plans for the Candy Boxes in the USA, and the B2B business involves the selling of Candy Club Branded Confectionery to specialty market resellers in the USA. It has one segment, which is administration services in Australia.